El Salvador President Announces First Bitcoin Mining Results Using Volcano Energy

El Salvador managed to get its first Bitcoin from mining with volcanic energy (CryptoDaily)

JAKARTA – Recently, El Salvador President Nayib Bukele announced his first revenue from mining Bitcoin using volcanic energy in a Twitter tweet on Friday, October 1, 2021 yesterday.

President Bukele mentioned that El Salvador has managed to mine its first bitcoin with renewable energy. Bukele posted an image containing a description of the income from Bitcoin mining of 0.00599179 BTC or 230 US dollars (approximately IDR 3,282.157).

A number of netizens commented on President Bukele's post by saying that this is an important event, utilizing renewable energy to mine Bitcoin can reduce carbon emissions and be more environmentally friendly.

pic.twitter.com/5u4uR0E8zn

— Nayib Bukele (@nayibbukele) October 1, 2021

Launching Business Insider, Bitcoin mining activities often consume high power. In just one year its electricity consumption could exceed that of a single country in the Philippines, according to the Cambridge Bitcoin electricity consumption index.

President Nayib Bukele added a comment: "We're still testing and installing, but it's officially the first #Bitcoin mining from #volcanode."

Previously, El Salvador had been in the spotlight of the world for adopting Bitcoin as a legal medium of exchange. The decision reaped the pros and cons of various groups. A number of people reject the use of Bitcoin by protesting. However, Bitcoin appears to be the only payment option after the country's official currency.

In June, President Bukele instructed the state power company LaGeo SA de CV to set up a Bitcoin mining that is 100 percent environmentally friendly by harnessing the energy of a volcano. After legalizing Bitcoin last September, El Salvador bought 400 BTC of Bitcoin.