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El Salvador, which became the first country in the world that adopted bitcoin (BTC) - 0.08% as legal tender, alongside the US dollar, has mined some of the cryptocurrency using geothermal energy.

According to El Salvador’s president, Nayib Bukele, it has mined 0.0059 BTC, which is currently worth ca. $280.

“We are still testing and installing, but this is officially the first Bitcoin mining from the volcanode”, posted Bukele on his Twitter account.

The country is mining bitcoin using the heat from volcanos. El Salvador is exceptionally rich in volcanos, it has over twenty of them. This makes the country one of the largest producers of geothermal energy in the world.

On Tuesday, the president posted a short video showing a container full of mining rigs being delivered and set up in El Salvador’s facility and technicians working on installing and plugging in ASIC miners.

President Bukele has banked his political future on Bitcoin. Pushing for adoption of this currency as legal tender in his country, he gave every citizen $30 of bitcoin. To easily access the Bitcoin network and make payments, the country created the Chico wallet for its citizens, which can be downloaded from the App or Play Store.

According to statistics shared by President Nayib Bukele more than 2.25 million users have now downloaded the government’s wallet and more than 100,000 people per day are signing up for an account. Approximately 65,437 transactions are being processed per second.

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*Stock percentage taken on 04.10.2021 at 11:04

*Copeland, Tim (01. October 2021) The Block: El Salvador has started mining bitcoin with volcanos. Last viewed on 01/10/2021 on https://www.theblockcrypto.com/post/119215/el-salvador-has-started-mining-bitcoin-with-volcanos. 

*https://coinmarketcap.com/alexandria/article/more-than-2-5m-users-have-downloaded-el-salvador-s-chivo-wallet

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