In the last three years, El Salvador has mined $30 million worth of Bitcoin using the energy of volcanoes. Currently, on the balance sheet of the state, in which Bitcoin is an official means of payment, there are 5,750 Bitcoins with a total value of 357 million dollars.
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The authorities of El Salvador managed to extract bitcoins worth 30 million dollars using the energy of volcanoes. This was reported by Reuters.
El Salvador launched a volcano-powered Bitcoin mining project in September 2021. For almost three years, the State managed to extract (not only with volcanic energy) 5,750 bitcoins, whose market value is estimated at $357 million.
El Salvador is a state where Bitcoin can be used as legal tender. In December 2023, the country’s authorities announced the issuance of bonds backed by Bitcoin.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
