LIVE๐๐ฅEl Salvador Government Has Been Mining 15 Bitcoins (BTC) Per Month Using Volcano Energy Since 2021
According to current official records, the Bitcoin bull country of #ElSalvador has extracted 474 Bitcoins from the country's pollution-free Bitcoin mining firm.
El Salvador is a popular country in the world due to the high propensity for Bitcoin. in early 2021, this country showed its Bitcoin bull intent and finally introduced Bitcoin as a legal currency in September 2021 under the leadership of the country's president Nayib Bukele.
As we know, in 2021, the government of El Salvador decided to use the country's abundant free volcano energy in Bitcoin mining operations in order to produce new Bitcoins for the country's treasury fund.
The report stated that the country has so far produced 474 #BTC worth about $29.6 million at current prices using the geothermal power plant fed by the Tecapa volcano in the east central region of the country.
The Tecapa Volcano in the country can produce a relatively small amount of energy, but this energy is enough for 300 Bitcoin mining processors.
The country uses 1.5 megawatts (MW) of the 102 MW generated by the volcano power plant for Bitcoin mining. Alternatively, we can say that 0.75% of the electricity plant is used for Bitcoin mining to power the Bitcoin blockchain network and provide Bitcoin revenue to the country.
Since 2021, the country has purchased 5,750 Bitcoins, which, in addition to mining 474 Bitcoins, is worth about $ 354 million at the current commercial price of Bitcoin.
Also, the government of El Salvador recently supported the Bitcoin Office and shared that various crypto mining groups such as Foundry USA, Antpool, ViaBTC, F2Pool and Binance Pool are working together to earn Bitcoin rewards by participating in Bitcoin mining operations using a geothermal power plant. in the last three years.
El Salvador Bitcoin Website
A week ago, we reported that El Salvador had opened its official bitcoin-focused website to provide full real-time information about the country's Bitcoin assets.
