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El Salvador plans to "rent 170 volcanoes" to mine Bitcoin using geothermal energy, in order to attract global miners and reduce costs. The idea comes from the success of the country mining 474 Bitcoins worth $46 million using this energy source.
Daniel Alvarez, Director of the Energy Department, said that he will draft a geothermal energy bill to implement the plan. Currently, El Salvador holds 5,932 Bitcoin, worth 585.2 million USD, with unrealized profits of about 168 million USD.
#Hold USDE to share $100M USDE with 34% APY##ETH price rebound - What’s the next move? #Cat or Dog Memecoins, what is your choice?