Hi Guys,
It's Big & Big #alert About $BTC Minning Hub El Salvador !!!
Jack Dorsey Backed Bitcoin Miner OCEAN Opens El Salvador Hub.
The mining pool, run by Bitcoin core dev Luke Dashjr, has based its new hub in the capital city of San Salvador.
The new entity will be the company’s international hub for business development, headquartered in the capital city of San Salvador. The company said the new hub will help with its commitment to decentralize BTC mining globally.
"El Salvador is on the leading edge of Bitcoin and Bitcoin mining adoption," said Luke Dashjr, OCEAN's co-founder and CTO, "and we believe OCEAN’s presence here will help to advance these efforts here and create new opportunities for El Salvador and elsewhere."
The choice to set up shop in El Salvador was very much a strategic one, added OCEAN President Mark Artymko.
"With places like Venezuela and the EU imposing legislation to ban Bitcoin mining, El Salvador’s political stance was in stark contrast and a beacon of hope for the industry," he said in a press release.
El Salvador’s journey with BTC began in 2021 when it became the first country to adopt Bitcoin as legal tender, aiming to boost financial inclusion and economic growth. Despite mixed reactions domestically, the international cryptocurrency community largely supported this bold move.
Not long after BTC officially became legal tender in El Salvador, the country announced plans to pursue BTC mining with geothermal energy from its volcanoes.
The Salvadoran government incentivized Bitcoin adoption through initiatives like the Chivo Wallet, which offered $30 in Bitcoin to users and discounts on fuel purchases. However, the adoption has faced challenges, including technical issues and public skepticism.
Stacy Herbert, the director of El Salvador’s Bitcoin Office, welcomed OCEAN’s decision—noting that it reinforces the BTC-centric culture the country is building.
