In the Republic of El Salvador (Latin America), they are going to mine Bitcoin cryptocurrency using the energy of volcanoes. The mining capacity plan will be developed by the state-owned electricity producer LaGeo.
–
It is reported that LaGeo company extracts electricity from geothermal sources (hot springs, thermal underground waters). Geothermal energy uses heat trapped underground to generate electricity.
For this, deep wells are drilled (4-5 km) to obtain energy from steam, which is overheated by magma.
“Our engineers have just informed me that they have drilled a new well that will provide approximately 95 MW of 100% clean geothermal energy from our volcanoes. We are starting to design a full-fledged Bitcoin mining hub around the wells,” Bukele wrote.
– .
