El Salvador is considering mining by using volcano energy.

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Source: Forbes

El Salvador is still wreaking havoc in the cryptocurrency world. The small Latin American country plans to build its own mining facility with the help of a French company.

El Salvador, the first country to make Bitcoin legal tender, is now considering mining its own cryptoassets with the BigBlock Datacenter, a company based in Nantes. This would be a fantastic opportunity for the company, especially since opportunities to share a piece of the action are emerging as a result of the closure of the vast majority (90%) of Chinese mining companies. Adriana Mira, El Salvador’s Deputy Minister of Foreign Affairs, tweeted the news.

Source: Fox Business

100% Clean Energy Aim

All of this appears to take place at the base of a volcano to take advantage of the geothermal energy of the location. This will allow for 100 percent clean, 100 percent renewable energy, as well as mass energy promises, which should help to reduce the carbon footprint of cryptocurrency mining. According to BigBlock Datacenter, this project will run 30,000 ASICs (specialty-mine mining machines), enough to produce about 530 Bitcoin per month. At current market value, this equates to slightly more than $18 million.

Setting his meeting with members of the El Salvador Presidential Team, BigBlock Co-founder and President Sébastien Gouspillou discussed his work with the Journal du Coin: “But it was a meeting based on the solutions of BigBlock Datacenter that implemented a national and friendly mining policy, I would not go into too many details. It’s one-of-a-kind; never before, and I can help make a success of this historic event. It calls me. It calls me.”

And it is undeniably historic that the term is used to describe it. In addition to allowing Nantes to expand globally, the company appears to be ready to take the lead in implementing concrete cryptocurrencies-centered solutions. In the meantime, a growing number of Latin American countries, including Paraguay and Argentina, are planning to establish a legal framework and integrate cryptoasset systems into their operational practises.

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