Rent a Volcano to Mine Bitcoins

A smart person can profit from everything, even volcanoes! These destructive forces of nature can become powerful allies! Why not use their immense energy hidden beneath the Earth’s surface? We can’t afford to ignore this natural gift in today’s world of energy crises.


El Salvador is not only at the forefront of Bitcoin adoption. Its President, Nayib Bukele, wants to introduce sustainable Bitcoin mining practices. This is one of the problems Bitcoin encounters now, so El Salvador wants to offer volcanoes for rent. Bukele wants to launch a "rent your volcano" program for Bitcoin mining operations. He announced it in his X’s feed. 


The nation doesn’t have abundant cheap resources for mining, but they have 170 volcanoes. Since 2021, the country has mined 474 Bitcoins using volcanic power. The country has a state-owned geothermal company LaGeo, the operator of two major facilities generating 204 megawatts of power. Considering that 1/4 of the country’s electricity comes from geothermal energy, the project is a game-changer. It makes mining operations sustainable and eco-friendly. 

Besides, the country is still working on its Bitcoin City project, which is a metropolis with residential and commercial areas and all necessary infrastructure built near a volcano and powered by its energy. It will include an airport, a port and rail service. It will also offer special tax benefits to residents and businesses, setting a precedent for other regions aiming to combine sustainability with innovation. The country that will host GEOLAC 2024, a geothermal conference for Latin America and the Caribbean region, is becoming a leader in renewable energy-powered cryptocurrency mining.


They often say, “What can one person really do?” Skeptics argue that a single individual can’t alter the course of history or challenge a system stacked against them. Looking at Nayib Bukele, I couldn’t disagree more.


#BitcoinMining #VolcanoMining #ElSalvador #NayibBukele

Комментарии

Отправить комментарий

Популярные сообщения из этого блога

Изображение
  As good news as any: VanEck claims that the bitcoin reserves of 20 US states can provide an influx of $23 billion on their own . VanEck is trying to warm up the market with all his might, but the reality is that bitcoin is still a financial attraction for enthusiasts and speculators. Twenty three billion? Sounds good, but where are the real buyers? Retail is already squeezed out — it has no time for crypto when inflation is strangling its pockets. Institutions are also in no hurry, because, despite all the hype, bitcoin remains an instrument with a dubious status: neither a full-fledged currency, nor a stable asset, nor a protected reserve. Real mass adoption will appear only when states not only recognize the blockchain, but implement it into their financial system. For now, it's still the same old Wild West: beautiful in words, but dangerous in practice. We're waiting!  #btc #bitcoin #vanec #blockchain
Далее...
Изображение
  Digital childhood: how smartphones have reprogrammed the social skills of zoomers Instead of yard games and live communication — endless social media feeds and notifications that beep faster than a heartbeat after morning coffee. The zoomer generation grew up surrounded by smartphones, and this has not only changed their behavior — it has reprogrammed the very structure of their socialization. Fifteen years ago, a smartphone was a novelty, and today it is an extension of the hand. But behind the convenience lies another side: anxiety, depression, and a growing dependence on virtual recognition. The statistics are frightening: the level of depression among teenagers has increased by 50%, and the number of suicides is even higher. And these are not just numbers, this is the reality of the new digital generation. Once upon a time, children learned to communicate, argue, make peace, and make decisions in the yard or during school breaks. Now the main field for this “training” is soci...
Далее...
Изображение
  Why compete when you can just ban your rival’s product? One strong competitor was enough to shake the nerves of Western tech giants. There are reasons for it. It spent zero dollars on promotion, yet amassed 100 million users in just a week! No other service has ever achieved such growth. After the initial shock, the narrative shifted: Deepseek wasn’t as innovative as it seemed, they said. It allegedly stole technology, violated sanctions, smuggled equipment, and, of course, the Chinese government was spying on you through it. Choose your favorite excuse for why you should forget about this service. But some governments didn’t even bother with explanations and simply banned it. "National security" is always a convenient trump card, easily pulled from the sleeve when needed. And since the company is Chinese, the panic escalated. Italy was the first to act without hesitation. Soon after, Taiwan, Australia, and South Korea followed, with more countries expected to join. The off...
Далее...