El Salvador is close to launching full operations for its new bitcoin mining income stream, which will be the first time bitcoin has been mined from volcanic power sources.
El Salvador's president, Nayib Bukele, stated, "We're still testing and installing, but this is officially the first Bitcoin mining from the Volcanode."
A vehicle delivers a container full of asics to the volcanic power source facility, where those asics are installed, in a video broadcast on Tuesday.
This new energy source could help Bitcoin become more environmentally friendly, with future plans to tap into unused resources such as gas flaring, which is very harmful to the environment.
Because bitcoin can be mined from anywhere with an internet connection, asics facilities may be built on-site, saving gas that would otherwise be wasted.
Similarly, asics have been transported to the volcanic power source seen above, allowing for the use of potentially cheaper energy and therefore more competitive mining.
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