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El Salvador Launches the Clean Crypto Revolution!

El Salvador Shocked the World With An Epic Bitcoin Revolution.

Yazar: Ross Sutton

Yayınlanma: 17 Haziran 2021 17:51

Güncellenme: 15 Kasım 2024 07:10

El Salvador Launches the Clean Crypto Revolution!

  El Salvador Launches the Clean Crypto Revolution! El Salvador Shocked the World With An Epic Bitcoin Revolution. Now, Bitcoin is exploring the use of volcanic power for mining operations. What did the first cars work with? – Steam it! To power Bitcoin (CRYPTO:BTC) mining, El Salvador has announced plans to use volcanic geothermal energy. The fact that Bitcoin works with steam is very similar to the idea of ​​​​the first steam-powered car in history, history seems to repeat itself! Last week, El Salvador President Nayib Bukele spoke in a tweet that state-owned LaGeo will begin building a bitcoin renewable energy mining facility.

On the other hand, LaGeo has already started to dig a big foundation for the whole operation!

It is a well-known fact that Bitcoin mining requires a lot of electrical energy, unfortunately most of this electricity is still provided by fossil fuels. In fact, it's worth examining why El Salvador is setting new standards for the future of cryptocurrencies.

Investors Need to Have All of their Attention on El Salvador Right Now

The crypto market is in the midst of a red candle slump and investors think crypto mining is high energy consumption.

El Salvador Shocked the World With An Epic Bitcoin Revolution.

The energy spent to obtain BTC is quite high and this does not work in his favor. In this context, El Salvador made a brilliant plan to harness volcanic power due to its geographical location. The aim is to draw attention to the fact that crypto mining is a more effective, better and more environmentally friendly alternative. Even the thought that Bitcoin and other digital currencies could soon be mined with renewable energy from El Salvador's geothermal resources is fueling the crypto market. There is widespread concern that the crypto industry is energy intensive and produces high emissions. However, this statement by El Salvador may be the ticket to a new crypto boom, we have entered a period when investors from all walks of life should be on the alert.  

Source: The Motley Fool

 

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