🌋 El Salvador launched a Bitcoin mining farm using geothermal energy
Renewable energy mining company Volcano Energy has announced a partnership with software provider Luxor Technology to establish a geothermal-powered Bitcoin mining farm called "Lava Pool".
"Lava Pool" will become the first crypto mining camp in El Salvador to utilize geothermal energy to mine Bitcoin. Volcano Energy will be the exclusive Bitcoin miner, they will contribute 23% of net profits to the government of El Salvador and reinvest profits into energy infrastructure, with the aim of stimulating economic development in the country. this Central American country.
The mining camp is located in the municipality of Metapan in the province of Santa Ana. The scale of this Bitcoin mining farm is estimated to have a total capacity of 241 megawatts (MW). Part of the energy will be converted by the company into a low-cost electricity supplier for the locality.
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#bitcoin #ethereum #binance #crypto2023
Renewable energy mining company Volcano Energy has announced a partnership with software provider Luxor Technology to establish a geothermal-powered Bitcoin mining farm called "Lava Pool".
"Lava Pool" will become the first crypto mining camp in El Salvador to utilize geothermal energy to mine Bitcoin. Volcano Energy will be the exclusive Bitcoin miner, they will contribute 23% of net profits to the government of El Salvador and reinvest profits into energy infrastructure, with the aim of stimulating economic development in the country. this Central American country.
The mining camp is located in the municipality of Metapan in the province of Santa Ana. The scale of this Bitcoin mining farm is estimated to have a total capacity of 241 megawatts (MW). Part of the energy will be converted by the company into a low-cost electricity supplier for the locality.
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#bitcoin #ethereum #binance #crypto2023
