El Salvador mined 473 BTC through the use of geothermal energy

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Volcano

🇸🇻 El Salvador's National Bitcoin Office (ONBTC) reported that a mining center located near the Tecapa volcano has mined 473.5 BTC since 2021 through the use of geothermal energy.

The power plant located near the Tecapa volcano generates 102 MW of electricity. The mining center located there, equipped with several hundred units, consumes 1.5 MW. 🌋 🌋

⛏️ The bitcoin mining project was developed by LaGeo. The project was opposed by several environmental organizations, which stated that it would require significant water resources and would be a serious problem for El Salvador.

The country's government is trying to raise additional funds to develop bitcoin mining infrastructure by offering tax breaks to investors and continues its policy of buying 1 BTC every day. Currently, the government has 5,750 BTC worth $356 million on its balance sheet. 💰 💰

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