El Salvador’s first bitcoin was mined using volcanic energy, according to President Nayib Bukele.

El Salvador’s President, Nayib Bukele, said on Twitter that his country had mined Bitcoin, the world’s largest cryptocurrency, with the help of volcanic energy. He posted a photo of the mining operation, which revealed 0.00599179 Bitcoin, which is currently worth $284 (approximately Rs. 21,098) at the current exchange rate. El Salvador became the first country in the world to recognize Bitcoin as legal money alongside the US dollar last month.

The Chivo crypto wallet’s countrywide deployment had been rocky at first, but the technological concerns appear to have been resolved, and the Central American country is going forward with its crypto experiment.

Geothermal energy accounts for about a quarter of El Salvador’s total domestic energy production. El Salvador’s first attempt to harness the energy of volcanoes to fuel Bitcoin mining was announced by President Bukele on October 1.

“We’re still testing and installing, but this is officially the first Bitcoin mining from the volcanode,” the President tweeted, indicating that the mining operation was still in the works.

This is not the first time that volcanic activity has been utilized to mine Bitcoin. Iceland and Norway have already mined bitcoin using geothermal and hydroelectric electricity. These countries use low-cost energy sources to power their mining equipment. Low temperatures in these areas are also advantageous since they naturally cool computer servers.

President Bukele had urged the state-owned geothermal energy utility LaGeo in June to take steps to lower the cost of electricity used in Bitcoin mining.

Volcanoes are well-known in El Salvador. Geothermal energy provides for roughly a quarter of the country’s total energy output. The country’s recent decision is a positive step toward employing sustainable energy to generate bitcoin. It will also alleviate certain worries regarding the Bitcoin mining process’s carbon footprint.

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