On Tuesday, El Salvador’s president, Naib Buckel, released a new video showing a geothermal facility with bitcoin mining machines next to a volcano.
The original video, which was shared on Twitter on Tuesday afternoon in Buckeye, has already received nearly 2 million views. It shows that a government brand shipping container is coming to the geothermal plant. The container is full of bitcoin mining rigs, with technicians installing them.
Buckle’s caption for the video was simply, “First step …” The video announces that the president is following through on promises made last June, when, just days after he announced a legal tender for Bitcoin, Buckle invited Bitcoin miners to take advantage of a state-owned New facilities built specifically for industry at geothermal electric companies.
In just four months, President El Salvador has accepted Bitcoin as a legal tender, managed to distribute $ 30 worth of Bitcoin to all citizens through the state-sponsored Chivo app, installed 200 Bitcoin ATMs in the country, bought 700 Bitcoins for the National Reserve, and 100% Have begun to mine the hardest money known to man in a renewable manner.
Significantly, Buchanan’s initial volcanic bitcoin mining plans were shared just months after Elon Musk announced that Tesla would not accept bitcoin because of its use of energy, which is needed to secure the network and was worth $ 794 billion at the time of writing. Since then, Musk has again refused to start accepting bitcoin payments at Tesla, even with available energy data undermining his company’s decision.
Although Musk has shown that he still does not understand the power generation relationship of the Bitcoin network and why it is beneficial to its core renewable energy industry, or the human rights issues it could solve for the world’s nearly 8 billion people, Bitcoin’s benefits are not lost to President Buckley , Who is committed to Bitcoin’s leadership and remains steadfast in leading the financial revolution in El Salvador
Buckle has been promoting Bitcoin for months. He explained his intentions for the volcanic bitcoin mining at the royal geothermal power plant on June 23 in the “What Bitcoin Did” podcast on June 23.
“Geothermal, it’s a very clean source of energy and it’s probably one of them – I would say the best, because there are a lot of other green energy projects that are good, but there are almost no downsides,” Buckley said.
Describing the potential of geothermal energy over other popular renewable energy sources, Buckle said, “It’s just the energy of the earth. And it works 24/7, 365 days a year. It will probably work for the next 500 million years, or whatever, just before the sun exploits the earth or something. So, it’s going to be there; It’s 24/7 ”
He continues to outline the first state-run volcanic bitcoin mining plant, “It’s going to cost 480 million, so it’s going to be a legacy for the country because we’re building the infrastructure provided by bitcoin.”