El Salvador President Neb Bukele has shared a video showing the apparent momentum of Bitcoin (BTC) mining in a country powered by volcanic geothermal energy.
The video shows an overview of a power generation plant with technicians, including crypto mining.
Bukele did not go much into the process shown in the video, but only wrote “First Steps” using the Bitcoin sign next to the emoji depicting the volcano and El Salvador’s national flag. The Presidential Administration did not immediately respond to Cointelegraph’s request for comment.
The announcement came a few months after Bukele announced plans to build a geothermal mining operation for bitcoin. In June, the president said he would commission state-owned electric company LaGeo to operate a bitcoin-powered “very cheap, 100% clean, 100% renewable, zero-emission mining operation.”
El Salvador approved Bitcoin as a legal tender on September 7 to work with the US dollar, just three months after the country’s legislature passed the “Bitcoin Act”.
On this topic: Bitcoin’s energy consumption has already exceeded all indicators for 2020 this year.
The recent move by the El Salvador government underscores the enormous potential of Bitcoin advocates to reduce BTC’s carbon footprint by using a wide range of renewable energy sources, including hydropower, solar and wind power.
According to Tesla CEO Elon Musk, Bitcoin actually reached the reference value for renewable energy in July, indicating that the percentage of renewable energy use “was probably 50% or higher.”