El Salvador's President Nayib Bukele has proposed a unique approach to enhance the country's Bitcoin mining operations by renting out its volcanoes to miners. Bukele was inspired by a social media post highlighting El Salvador's successful use of geothermal energy for Bitcoin mining. The country has already used geothermal energy to mine 474 BTC, valued at $46 million. Bukele suggested that global miners could tap into the vast energy source provided by the country's 170 volcanoes to cut costs. The Director General of Energy, Hydrocarbons, and Mines has confirmed that a new geothermal energy law will be prepared to facilitate the initiative. The proposal aligns with El Salvador's successful Bitcoin adoption, as the country holds over 6,000 BTC with unrealized gains exceeding $168 million. Despite criticism and warnings from financial organizations like the International Monetary Fund, El Salvador remains committed to its Bitcoin plan. President Bukele highlighted the success of the Bitcoin adoption in a recent social media post.



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