Nayib Bukele confirms that Bitcoin mining in El Salvador volcanoes has recorded success

Nayib Bukele, president of El Salvador has confirmed that the country has mined its first official Bitcoin using energy from volcanoes. Bitcoin mining is a very topical issue that has seen a lot of negative reviews, mostly because of its impact on the environment. However, in a bid to mitigate the said impact, El Salvador has now successfully mined Bitcoin using the volcanic energy.

Bitcoin mining in El Salvador volcanoes is confirmed by Nayib Bukele

As efforts to mine Bitcoin continue to heat up in El Salvador, for the first time, the Central American nation has now successfully mined Bitcoin using the geothermal energy from a volcano. President of the country, Nayib Bukele took to his official Twitter page to confirm the reports. In his tweet, he wrote that El Salvador is still in the process of testing and installing, but also confirmed the first official Bitcoin mining from the “Volcanode”.

The tweet follows after the video that President Bukele posted just some three days ago. In the video, the president showed what surely appears like a mining center as he announced that the country was taking its very first steps.

Bukele had submitted a proposal to El Salvador’s legislature in June, regarding the adoption of Bitcoin as a legal tender in the country. After the approval of that proposal, the president quickly went on to instruct LaGeo, a government geothermal electric company, to provide facilities for carbon-free Bitcoin mining using volcanoes.

It should be noted that In El Salvador, there’s no less than 20 active volcanoes spread across the country.

Why the volcanic alternative?

Most of the debate that has greeted Bitcoin mining in recent months has been centered around its impact on the environment. From the Chinese crackdown, to Elon Musk stating that Tesla would stop accepting Bitcoin payments, all those happenings fueled the environmental concerns in May, resulting in a market-wide crash. Although China is still maintaining its stance against Bitcoin, Musk has declared that Tesla would start accepting Bitcoin as payments, upon the showing of proof that its mining comes from renewable sources.