Quote from: Luzin on Today at 03:19:38 AM

Quote from: HelliumZ on December 10, 2023, 03:40:34 AM

Images collected from: BM
While the energy sector is facing threats in other countries of the world, El Salvador, the country famous for the first Bitcoin City in the world, is making proper use of 100% renewable energy for Bitcoin mining. This is where the proper development plan of a country will encourage other countries of the world to implement the plan of using renewable energy and energy on Bitcoin mining. Moreover, the use of renewable energy and fuel for Bitcoin mining is unlikely to have a negative impact on the environment and climate change.

Hopefully this picture is true as much electricity in El Salvador and used for Bitcoin mining. This means that they are serious about the Bitcoin project. They made support about the project of president Bukele. This means that El Salvador has thought long and they have not made any losses in the use of electrical energy. They have supported the development of Bitcoin with various facilities created by Bukele. But El Salvador is about to hold presidential elections, I am afraid that this project will not continue.

The mining project is converting energy from a volcano to electricity. The project is one of the innovations of the El Salvador government towards Bitcoin mining. The project is financed through a public-private partner program where El Salvador will enjoy 23% profit and a private company called Volcano Energy will take 27%, while the remaining 50% will be reinvested for the project's expansion and sustainability. This project will keep creating jobs and attract more investors to El Salvador which would contribute to the growth of the nation's economy.

Although election polls might not fully predict the outcome of elections almost all of them are showing that Nayid Bukele will definitely win next year's presidential elections. Currently, he is more popular than most other candidates. I hope he wins so that the Bitcoin project will have his support for another five years.