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El Salvador to Add More Geothermal Energy Sources to Power Bitcoin City

El Salvador to Add More Geothermal Energy Sources to Power Bitcoin CityThe president of El Salvador, Nayib Bukele, has confirmed that the country is making investments to secure a geothermal power source for the construction and operation of the upcoming Bitcoin City, which will be financed with the earnings of the so-called “volcano bonds.” Bukele stated there are high chances of finding a well in the […]

Bitfarms: Rebound Overdue or Losing the Game?

Salvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will ‘End in Environmental Disaster’

Salvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will ‘End in Environmental Disaster’El Salvador’s leading ecologist Ricardo Navarro believes that mining bitcoin with a volcano, or geothermal energy, will “end in environmental disaster.” Navarro believes geothermal energy costs more than oil, and thinks El Salvador’s millennial president Nayib Bukele’s decision is questionable. Salvadoran ecologist Ricardo Navarro Questions His Country’s Volcano-Powered Bitcoin City Venture During the second week […]

Bitfarms: Rebound Overdue or Losing the Game?

Salvadoran President Shares Video of Volcano-Powered Bitcoin Mining Facility

Salvadoran President Shares Video of Volcano-Powered Bitcoin Mining FacilityOn Tuesday, Salvadoran president Nayib Bukele shared a video of a bitcoin mine operating adjacent to a volcano. Bukele discussed the volcano-powered bitcoin mining on June 9 when he talked about the “95MW of 100% clean, 0 emissions geothermal energy from our volcanos.” El Salvador’s Nayib Bukele Shares a Video of the ‘First Steps’ Behind […]

Bitfarms: Rebound Overdue or Losing the Game?