Quote from: savetheFORUM on Today at 12:50:53 PM

Honestly, if they have a better electricity rate then it would have been awesome. Think about it this way, they have 16 cents for business and 20 cents for houses, if they dropped that down to half for business then they could get all the miners there and could make a lot more on income taxes as well.

One major problem!
Salvador is a net importer of electricity, around 20% of their demand is covered by imports.

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Total exports to other markets in Central America were 64.83 GWh and imports were 1,449.7 GWh, mainly from Guatemala.

So, if anyone would be indeed interested in mining they would rather go to Guatemala than to Salvador as you can't really set up mining in a country that can't guarantee enough electricity even to its citizens, not considering what a 10k ASICs farm would do to such an unbalanced grid, one such facility thing alone would require 6% of entire consumption and an increase of 20% in imports.

Quote from: LUCKMCFLY on September 10, 2021, 03:27:04 AM

I believe that in a worldwide collapse of the economy, El Salvador would have much more lifebuoy thanks to BTC, the reason is simple, history has shown us that each collapse of the economy, as in 2008, always causes great losses for those who do not take advantage of the crash. , the economies of South America also enter a collapse, since most are ruled by the dollar according to its hegemony, most countries do not have a corresponding stability.

If the entire world is bankrupt, how will the price of Bitcoin go up since everyone is too poor to afford any investment?
They will end with something so precious that nobody affords it and they will have to sell it for pennies.
Let's not even count the 2 million that will have to go back and end all the remittance flow into the country.