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bitcoin
Bitcoin (BTC) $ 71,245.09
ethereum
Ethereum (ETH) $ 3,675.96
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 602.23
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.537089
binance-usd
BUSD (BUSD) $ 1.01
dogecoin
Dogecoin (DOGE) $ 0.164281
cardano
Cardano (ADA) $ 0.50056
solana
Solana (SOL) $ 186.36
matic-network
Polygon (MATIC) $ 0.753652
polkadot
Polkadot (DOT) $ 7.54
tron
TRON (TRX) $ 0.124186

El Salvador mines nearly 474 Bitcoin using volcanic geothermal power

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El Salvador has mined 473.5 Bitcoin (BTC) over the previous three years utilizing the geothermal energy of the Tecapa volcano, Reuters reported in the present day.

Primarily based on Bitcoinโ€™s present worth, this quantity has translated right into a $29 million improve in worth. The nationโ€™s complete Bitcoin holdings now attain 5,750 BTC, equal to almost $354 million, in accordance with knowledge from the Bitcoin Workplace, a government-owned company.

El Salvadorโ€™s mining initiative locations the nation on the forefront of eco-friendly crypto mining, a stark distinction to the energy-intensive strategies usually scrutinized for his or her environmental influence.

President Nayib Bukele, a vocal Bitcoin supporter, has been driving El Salvadorโ€™s Bitcoin adoption because it grew to become the nationโ€™s authorized tender in 2021.

In November 2022, Bukele carried out a nationwide Greenback-Price Averaging (DCA) technique, aiming to purchase one Bitcoin day by day. This technique has resulted in unrealized income exceeding 43% on their Bitcoin holdings, in accordance with knowledge from Nayib Bukele Portfolio Tracker.

El Salvador Bitcoin Tracker

El Salvador additionally took one other step in direction of Bitcoin transparency. Yesterday, the Bitcoin Workplace introduced the nationโ€™s new platform that enables anybody to view its Bitcoin funding knowledge by a customized mempool.

See also  Bitcoin Advocate Says ASIC Devicesโ€™ Inflexibility Makes AI Involvement Unlikely for Bitcoin Miners

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