According to TechFlow news on November 25, as reported by Cryptoslate, El Salvador's President Nayib Bukele proposed an innovative plan to rent out the country's volcanoes to miners for sustainable Bitcoin mining. Bukele stated on social media on November 25 that miners could use the geothermal energy generated by the volcanoes to reduce mining costs. This idea was inspired by a previous post that showcased El Salvador successfully using geothermal energy to mine 474 Bitcoins, worth approximately $46 million.
Bukele pointed out that El Salvador has 170 volcanoes, making it a treasure trove of rich energy that attracts miners from around the world. He wrote, 'Having 170 volcanoes makes it quite meaningful to launch a 'rent a volcano for Bitcoin' program.'
In response, Daniel Alvarez, director of the General Directorate of Energy, Hydrocarbons and Mines of El Salvador, stated that the team will begin drafting a new geothermal energy bill to support the implementation of this plan.
