JAKARTA – The President of El Salvador, Nayib Bukele, shared a video showing the real progress of his country's Bitcoin (BTC) mining plant, which is powered by volcanic geothermal energy.
The video shows an overview of the power generation facility, with technicians activating a crypto mining rig.
Bukele does not detail many of the processes shown in the video. He simply wrote "first steps" with a Bitcoin tag next to an emoji depicting a volcano and the national flag of El Salvador. The president's office did not immediately respond to Cointelegraph's request for comment.
The post comes months after Bukele announced plans to build a Bitcoin mining facility using geothermal power. The president said in June that he would instruct state-owned power company LaGeo to manage a Bitcoin mining plant powered by “very cheap energy, 100% clean, 100% renewable, 0 emissions.”
El Salvador officially accepted Bitcoin as legal tender on September 7 for working alongside the United States dollar, just three months after the country's Legislative Assembly passed the "Bitcoin Act."
The latest move by the government of El Salvador reaffirms the huge potential for Bitcoin proponents to cut BTC's carbon footprint, using a plethora of renewable energy sources, including hydro, solar and wind power generation.
According to Tesla CEO Elon Musk, Bitcoin has hit its benchmark on renewable energy in July, indicating that the percentage of renewable energy use is “likely at or above 50%.”
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