El Salvador launches Lava Pool, a Bitcoin mining pool that uses geothermal energy, and 23% of net profits will be handed over to the government
El Salvadoran renewable energy and mining company Volcano Energy and Bitcoin mining software provider Luxor Technology have jointly launched Lava Pool, which aims to use El Salvador’s geothermal energy to mine Bitcoin. Among them, Volcano Energy will donate 23% of its net profits to the El Salvadoran government. As part of the public-private partnership plan, the El Salvadoran government plans to reinvest mining profits into its energy infrastructure to help promote economic growth. (The Block)
El Salvadoran renewable energy and mining company Volcano Energy and Bitcoin mining software provider Luxor Technology have jointly launched Lava Pool, which aims to use El Salvador’s geothermal energy to mine Bitcoin. Among them, Volcano Energy will donate 23% of its net profits to the El Salvadoran government. As part of the public-private partnership plan, the El Salvadoran government plans to reinvest mining profits into its energy infrastructure to help promote economic growth. (The Block)