Foresight News reports that El Salvador's President Nayib Bukele stated that miners can use geothermal energy generated by volcanoes to reduce mining costs. El Salvador has successfully mined 474 bitcoins using geothermal energy, worth approximately 46 million USD. Bukele pointed out that El Salvador has 170 volcanoes, making it a rich energy treasure trove to attract global miners. He wrote, "With 170 volcanoes, launching a 'rent a volcano to mine bitcoin' program actually makes a lot of sense." 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.

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