El Salvador's president, Nayib Bukele, stated that the government will construct a "bitcoin city" The city would be built at the base of the Chochaga Volcano, according to him. The location was chosen because the region has ready-made geothermal energy, which would be utilized to power the city and mining facilities.
A bitcoin mining farm powered by an environmentally friendly geothermal power plant near the Tecapa volcano was opened by the government a few months ago.
The gorgeous initiative, which would be the first of its sort in the crypto world, is intended to entice bitcoin investors to the country.
A bitcoin mining farm powered by an environmentally friendly geothermal power plant near the Tecapa volcano was opened by the government a few months ago.
The gorgeous initiative, which would be the first of its sort in the crypto world, is intended to entice bitcoin investors to the country.