El Salvador, a small, but fearless country in Central America, has mined a total of 474 Bitcoin worth $29 million using volcanic geothermal energy since 2021.
According to Reuters, there is a pretty interesting math there. The country has allocated 1.5 megawatts (MW) to cryptocurrency mining out of the 102 MW produced by the state-owned power plant with the help of geothermal energy from the country’s Tecapa volcano.
With that power, the Bitcoin was mined using 300 mining processors.
In 2021, El Salvador made history by becoming the first country to adopt Bitcoin as a legal tender alongside the United States dollar. Since then, the government has adopted several Bitcoin-focused policies, including Lightning BTC wallets for citizens and establishing a geothermal plant to mine BTC.
El Salvador now holds a total of 5,750 BTC worth around $354 million.
