El Salvador has officially mined the first bitcoin using volcanic energy, its president revealed.
- President Nayib Bukele shared a screenshot of a mined bitcoin on Twitter calling it “officially the first bitcoin mining the volcanode.”
- The news follows the Salvadoran president’s announcement earlier this week that the country was taking its “first steps” toward harnessing volcanic energy for bitcoin mining.
- Following the approval by El Salvador’s congress for the adoption of bitcoin as legal tender in June, Bukele said he had instructed state-owned geothermal electric company LaGeo to allow bitcoin miners to tap the country’s volcanic resources.
- With 20 “potentially active” volcanoes according to VolcanoDiscovery.com which account for almost 22% of the country’s energy supply, El Salvador’s harnessing of geothermal energy could provide an answer to the hunt for a reliable clean energy source to power bitcoin mining.
— Nayib Bukele 🇸🇻 (@nayibbukele) October 1, 2021