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- 🚀 #GateNewbieVillageEpisode6 ✖️ @discovery
💬 Your greatest enemy is your own emotions.
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⏰ Event Time: Nov 12 10:00 – Nov 19 16:00 UTC
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El Salvador wants to rent volcanoes to mine Bitcoin
Nayib Bukele just dropped a pretty crazy idea: that Bitcoin miners use the geothermal energy from El Salvador’s 170 volcanoes to cut costs. And here’s the interesting part: they have already mined 474 BTC with this strategy, valued at approximately $46 million.
The proposal is literally “rent a volcano and mine Bitcoin.” No joke. The government is so serious that the Energy Director has already announced they will draft new legislation for geothermal energy.
Why is this a smart move?
Conventional mining is a huge electricity consumer. With volcanoes, El Salvador can offer clean and cheap energy to global miners. This positions the country as a sustainable mining hub in Latin America.
What’s coming:
This is the kind of different thinking the sector needs. While other countries debate whether to regulate or not, El Salvador is already monetizing its volcanoes. 🌋⚡