In 3 years, El Salvador has mined almost 474 bitcoins thanks to volcanic energy

17:29 - 15.05.2024


May 15, Fineko/abc.az. Since 2021, 473.5 bitcoins for about $29 million have been mined in El Salvador at a state geothermal power plant using volcanic energy, ABC.AZ reports, referring to Reuters.

The national bitcoin office of the country announced the launch of its own space in the bitcoin mempool, where it is possible to track the balance of cryptocurrency in the state treasury in real time. At the time of writing, the government has ~5,748 BTC at its disposal, estimated at $352.3 million.

El Salvador began test bitcoin mining in October 2021 — about a month after the law on recognizing the first cryptocurrency as a legal means of payment came into force.