News View Non-AMP

Crypto Goes Green! El Salvador Mines 474 Bitcoins Using Volcanic Geothermal Energy

Published by
Qadir AK

El Salvador is making waves in the world of Bitcoin by pioneering a groundbreaking approach to mining, powered by renewable energy from the Tecapa volcano. Led by President Nayib Bukele, an ardent supporter of Bitcoin, the country has been steadily increasing its Bitcoin reserves since 2021.

An extremely impressive move, right? Here’s everything you should know about it.

Green Technology for the Win!

With a focus on sustainability, El Salvador has installed 300 processors at a state-owned power plant near the Tecapa volcano. These processors utilize geothermal energy for Bitcoin mining, marking a significant step towards eco-friendly cryptocurrency practices.

“Since September 2021, these efforts have successfully mined about 473.5 Bitcoins, leveraging a minimal share of 1.5 megawatts from the 102 megawatts generated.” 

El-Salvadorian government’s Bitcoin Office reported

Saving the Planet Together

El Salvador has set a global precedent in the search for sustainable and responsible mining practices by integrating geothermal energy with Bitcoin mining. 

Using geothermal energy, a renewable and sustainable power source, in mining operations has significantly reduced the environmental footprint – at least when compared to the traditional way of doing the same thing.

The Bitcoin Office drew out the importance of this move while speaking with Reuters.

“This venture not only strengthens our financial assets but also aligns with our national energy and environmental policies,”

This pioneering initiative has fostered collaboration among major cryptocurrency miners like Foundry USA, Ant Pool, ViaBTC, F2Pool, and Binance Pool. Together, they ensure the security of blockchain transactions originating from El Salvador’s geothermal power plant, enhancing efficiency in the process.

Knocking Down the Hurdles

Despite global acclaim for its sustainable practices, El Salvador’s decision to adopt Bitcoin as legal tender in 2021 faced skepticism from international entities such as the International Monetary Fund. Nonetheless, the nation remains steadfast in its pursuit of transforming the cryptocurrency landscape while minimizing environmental impact.

El Salvador’s eco-friendly initiative of using volcanic geothermal energy to mine Bitcoins and increase its holdings, presently valued at $354 million, has set a global precedent. With a vision to integrate Bitcoin seamlessly into its economy without inviting global criticism or adding to the carbon emissions, the country is charting a course towards a more sustainable future.

Will other countries follow El Salvador’s lead? Only time will tell.

Also Check Out: Mike Novogratz’s Bitcoin Prediction: Prepare for Price Freeze Before MASSIVE Surge!

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Breaking News: First XRP ETF Goes Live in Brazil, Not U.S

XRP has just reached a major milestone with the launch of its first-ever ETF in…

April 26, 2025

XRP Set for 1000% Rally? Gold’s Drop Could Trigger Massive XRP Rally!

While the crypto market has been moving sideways for months, something interesting is happening with…

April 26, 2025

Joseph Stiglitz Slams Trump Crypto Policies, Warns of Tax Evasion Risks

Nobel Prize-winning economist Joseph E. Stiglitz has issued a serious warning: Former President Donald Trump’s…

April 26, 2025

Charles Hoskinson Confirms XRP Integration and Midnight Airdrop for Holders

In a recent "Ask Me Anything" session on YouTube, Cardano founder dropped major updates on…

April 26, 2025

India Can Use Crypto to Weaken Pakistan, Avoid 9/11 Mistakes: Balaji Srinivasan

In a world where conflict often seems like the only solution, renowned crypto expert and…

April 26, 2025

Virtuals Protocol Price Prediction 2025, 2026 – 2030: Will VIRTUAL Price Hit $5?

Story Highlights The Virtuals Protocol price today is . VIRTUAL price could reach a high…

April 26, 2025