El Salvador, a Central American country that yesterday passed a law making Bitcoin legal tender, wants to use the energy of volcanoes to mine the cryptocurrency.
In a tweet posted by the country's president Nayib Bukele yesterday, he said that he "has instructed the president of the state-owned geothermal electric company to put up a plan to offer facilities for Bitcoin mining with very cheap, 100% clean, 100% renewable, 0 emissions energy from our volcanos."
It should be noted the company currently has two geothermal power plants, located in the regions of Ahuachapán and Berlín.
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However, the company has announced it intends to build new plants in other regions of the country.
The president's idea is not far-fetched, as many have criticized Bitcoin mining recently, including Elon Musk himself, for its impact on the environment. So using geothermal energy is a good solution.
The country's energy power is estimated at 644 megawatts, however, El Salvador is currently only using about 200 megawatts, or about 31% of the total.