El Salvador has successfully mined nearly 474 Bitcoins using the geothermal energy provided by the Tecapa Volcano

Bitget App

Trade smarter

Bitget2024/05/15 01:36

PANews reported on May 15th, according to Reuters, since 2021, El Salvador has successfully mined nearly 474 bitcoins using the geothermal energy provided by the Tecapa Volcano. This has increased the government's bitcoin reserves to 5750 coins, with a total value of nearly $354 million at current prices. El Salvador is the first country in the world to make Bitcoin legal tender, a move that has drawn criticism from institutions such as the International Monetary Fund (IMF). Currently, out of the 102 megawatts of electricity generated by its geothermal power plants, 1.5 megawatts are used for Bitcoin mining.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

President of the European Central Bank: Interest rates are at an appropriate level

U.S. stocks closed three hours early due to the Thanksgiving holiday, with the three major indexes collectively rising for the fifth consecutive trading day.