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Mining Bitcoin from the energy generated from the Volcano is considered to be a ground breaking approach. Media outlets are watching the progress of Bitcoin mining closely – particularly about mining bitcoin with Volcanic energy.
For clarity, The Volcano Bond invests a portion of your money in Bitcoin, locks it up for five years, and then liquidates the Bitcoin over the next five years and gives you half the appreciation.
In the past year: Bukele unveiled a plan that will see El Salvador, fresh from making bitcoin legal tender, potentially issue $1 billion in “volcano bonds” that would be half used to purchase bitcoin, with the other half used to construct a Bitcoin City.
The country to use Bitcoin as legal tender is El Salvador. In September 2021, alongside the US dollar, the virtual currency was introduced as legal tender by El Salvador. In November, the president of El Salvador has announced that it plans to build a Bitcoin city at the base of a volcano.
The president added that to power the Bitcoin mining Conchagua volcano’s geothermal energy would be taken advantage of.
Bitcoin miners are using geothermal energy from an INACTIVE volcano in El Salvador.
Naïve Reflections from Community Members: What happens if the Volcano does erupt? Probably, so much money will be wasted, as always. But it does sound cool.
The volcano isn’t even active. Sounds like a Ponzi scam to me. The fact you all need electricity inputs shows how old the tech is. I see mining rigs, but no energy source. Volcanos are excellent. They don’t make our planet dirtier. This crypto miner is using green energy. The volcano will explode soon.
How is it going to help us and the price, no new money coming in, and people are cashing out money from BTC. This might probably lead us to hell.
If you do not look at the bigger picture and look for only fast profit, then you better leave crypto. It is time to DCA and it is not good to do baby cries.
Bitcoin White Paper says “as long as honest nodes have a majority” and on incentives ” as long as an incentive to mine > incentive to defraud “. what is the risk of bad actors long-term, or when mining incentive stops?
I haven’t invested yet and I’m waiting for El Salvador to issue the volcano bonds for me to buy some. I think that these BTC lows will be up to February or March.
It is a wrong choice to invest in Bitcoin now. It is recommended to buy a cryptocurrency for short-term OTC transactions. When BTC is going down, the consumer of electricity is the same. Real-life application of the technology in that box that turns itself on and off.
Investing in Land/plot is a good idea for mining.
You know the volcanos are unpredictable, don’t you?
Do you want Dogecoin to use Geothermal Energy? Where is the geothermal part, please? This looks like Iraqi propaganda in the 90s. Old man spouts non-sequiturs while BTC’s crashing.
With the Salvadoran Bitcoin miners powered by geothermal energy, the new VOLCANO BONDS offer investors a way to invest in Bitcoin. Why not offer $20,000,000,000 in Volcano bonds to the world and make El Salvador DEBT FREE.
Does El Salvador provide hosting for individuals interested in sending their bitcoin miners over there? Why do you want to send your bitcoins there? Volcano bonds are the tech bubble (as a culture) on steroids. All over soon pal. At least you are in the right country for when it crashes.
I mean yea it’s .com bubble 2.0, but there are 100% going to be 10% of the companies that survive and be trillion-dollar companies. To say the opposite is just straight ignorance.
