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El Salvador Wants to Make Bitcoin Mining Environmentally Friendly
El Salvador made history when it became the first country to adopt Bitcoin as legal tender and now wants to mine it using renewable energy.
Salvadoran President Nayib Bukele made the announcement on Twitter yesterday.
The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress.
62 out of 84 votes!
History! #Btc
— Nayib Bukele
(@nayibbukele) June 9, 2021
As part of the process of adopting Bitcoin, Bukele wants to address one of its biggest criticisms, namely the impact Bitcoin mining has on the environment. Concerns over its environmental impact recentlycaused Tesla to reverse course and stop accepting the crypto as a form of payment.
Bukele is now looking at volcanoes as a possible, environmentally friendly, power source for Bitcoin mining.
Our engineers just informed me that they dug a new well, that will provide approximately 95MW of 100% clean, 0 emissions geothermal energy from our volcanos
Starting to design a full #Bitcoin mining hub around it.
What you see coming out of the well is pure water vapor
— Nayib Bukele
Should El Salvador succeed in its efforts, it could well provide a template for other countries to adopt cryptocurrencies in a responsible, environmentally friendly way.
El Salvador Wants to Make Bitcoin Mining Environmentally Friendly
Matt Milano
from WebProNews https://ift.tt/3wflyg6
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