Honestly, if they have a better electricity rate then it would have been awesome.
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This is just the miner situation
Right, if you were planning on moving to El Salvador to mine bitcoin (or anything else), then that rate (I assume you mean $0.20/kWh) is quite high--over double what most utility companies charge in the US. Still, even with a rate that high, don't you think it would still be profitable to mine? That isn't a completely outrageous electricity cost, just higher than average. I wouldn't think it'd be a deal-breaker.
This is not a bad idea, ideas like this are always going to attract big investors to El Salvador.So the president knows what he’s doing. Another area I think they should look into is the area of security. I have seen a lot of people who complain about how bad it can be living in El Salvador, and they have said that it is not a safe place to live because of things like street gangsters and the rest of them.
That would be my main concern if I were contemplating a move there--and frankly, I do find the idea to be enticing even if I'm not a crypto entrepreneur myself. El Salvador does have a problem with crime, and that's putting it mildly. I'm not sure how safe it'd be for a gringo like me to move there and expect to not be hassled when going about my daily business.
Anyone know if there's a section of the country where the wealthy live? I'd be curious to know what the houses look like and how much they go for.