ElSalvadorCrypto
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elSince 2021, the government of El Salvador has been mining approximately 15 Bitcoins (BTC) per month using energy from its volcanoes. According to official records, this initiative has yielded a total of 474 Bitcoins to date, valued at around $29.6 million at current prices.
El Salvador gained international attention in early 2021 when it revealed its strong commitment to Bitcoin. Under President Nayib Bukele, the country made Bitcoin legal tender in September 2021. As part of this strategy, the government harnessed geothermal energy from the Tecapa volcano to mine Bitcoin, leveraging the country’s natural resources for a pollution-free energy source.
The Tecapa volcano generates 102 megawatts (MW) of power, with 1.5 MW dedicated to Bitcoin mining. This accounts for about 0.75% of the plant's total energy output, which is sufficient to run 300 Bitcoin mining processors.
Since adopting Bitcoin, El Salvador has accumulated 5,750 Bitcoins through purchases, in addition to the 474 Bitcoins mined, totaling roughly $354 million at current market prices.
Furthermore, El Salvador's government has supported the establishment of the Bitcoin Office and reported collaborations with various crypto mining groups, including Foundry USA, Antpool, ViaBTC, F2Pool, and Binance Pool. These groups have been actively participating in the country's geothermal-powered Bitcoin mining operations over the past three years.
Recently, El Salvador launched an official Bitcoin-focused website to provide real-time updates on the nation’s Bitcoin assets and activities.
#ElSalvadorCrypto #buythedip #MicroStrategy #BinanceLaunchpool
El Salvador gained international attention in early 2021 when it revealed its strong commitment to Bitcoin. Under President Nayib Bukele, the country made Bitcoin legal tender in September 2021. As part of this strategy, the government harnessed geothermal energy from the Tecapa volcano to mine Bitcoin, leveraging the country’s natural resources for a pollution-free energy source.
The Tecapa volcano generates 102 megawatts (MW) of power, with 1.5 MW dedicated to Bitcoin mining. This accounts for about 0.75% of the plant's total energy output, which is sufficient to run 300 Bitcoin mining processors.
Since adopting Bitcoin, El Salvador has accumulated 5,750 Bitcoins through purchases, in addition to the 474 Bitcoins mined, totaling roughly $354 million at current market prices.
Furthermore, El Salvador's government has supported the establishment of the Bitcoin Office and reported collaborations with various crypto mining groups, including Foundry USA, Antpool, ViaBTC, F2Pool, and Binance Pool. These groups have been actively participating in the country's geothermal-powered Bitcoin mining operations over the past three years.
Recently, El Salvador launched an official Bitcoin-focused website to provide real-time updates on the nation’s Bitcoin assets and activities.
#ElSalvadorCrypto #buythedip #MicroStrategy #BinanceLaunchpool
Since 2021, El Salvador has mined 474 bitcoins using geothermal energy from the Tecapa volcano, adding nearly $29 million to its bitcoin portfolio, now worth about $354 million. The government's 5,750 bitcoins are managed by the "Bitcoin Office," which uses 1.5 MW of the 102 MW produced by a state-owned power plant for mining. President Nayib Bukele's administration, supportive of cryptocurrency, installed 300 processors for mining. El Salvador became the first country to adopt bitcoin as legal tender in 2021, drawing criticism from entities like the IMF.
#Bitcoin #ElSalvadorCrypto
#Bitcoin #ElSalvadorCrypto
🌟 Hot Off the Press:
El Salvador's got a brand-new trick up its sleeve! They've rolled out a fabulous website to keep tabs on their Bitcoin stash! 🎩💼
🔍 Want the scoop on their crypto? This site's your golden ticket! 🎟️✨
👩💻 It's not just a website; it's a revolution in pixels, bringing a fresh wave of openness to the digital age. El Salvador is turning the page to a new chapter in financial history! 📖🌐
💹 For all you savvy investors and digital nomads, this is your crystal ball into El Salvador's economic adventures. It's user-friendly, emoji-packed, and bursting with Bitcoin buzz! 🚀🤑
👇 Tap that link, dive into the digital treasure trove, and be part of the movement that's reshaping the financial landscape! 🖱️🌍
#ElSalvadorCryptoWealth #elsalvador #ElSalvadorCrypto #Bitcoin
El Salvador's got a brand-new trick up its sleeve! They've rolled out a fabulous website to keep tabs on their Bitcoin stash! 🎩💼
🔍 Want the scoop on their crypto? This site's your golden ticket! 🎟️✨
👩💻 It's not just a website; it's a revolution in pixels, bringing a fresh wave of openness to the digital age. El Salvador is turning the page to a new chapter in financial history! 📖🌐
💹 For all you savvy investors and digital nomads, this is your crystal ball into El Salvador's economic adventures. It's user-friendly, emoji-packed, and bursting with Bitcoin buzz! 🚀🤑
👇 Tap that link, dive into the digital treasure trove, and be part of the movement that's reshaping the financial landscape! 🖱️🌍
#ElSalvadorCryptoWealth #elsalvador #ElSalvadorCrypto #Bitcoin
