🇸🇻 El Salvador launched its first local Bitcoin (BTC) mining pool as part of the Volcano Energy project, collaborating with Luxor Technology.
• The $1 billion project, in which Tether and other companies have invested, will use renewable energy to mine Bitcoin.
• Luxor will provide Bitcoin mining expertise and software and help reduce market volatility.
• 23% of net mining profits will go to the government of El Salvador, and profits will also be reinvested in energy infrastructure.
The Volcano Energy project has a long-term goal of harnessing geothermal energy in the country.
• The $1 billion project, in which Tether and other companies have invested, will use renewable energy to mine Bitcoin.
• Luxor will provide Bitcoin mining expertise and software and help reduce market volatility.
• 23% of net mining profits will go to the government of El Salvador, and profits will also be reinvested in energy infrastructure.
The Volcano Energy project has a long-term goal of harnessing geothermal energy in the country.