Bitcoin is getting Volcanically deep with pretty cool chain of events: Volcanic eruption creates energy, computers solve puzzles in exchange for Bitcoin, incorruptible $ of finite supply enters the system, and humans engage in trustless transacting.  Thus, 2021 is getting pretty damn interesting.

Michael Saylor is excited about how mining upgrades thermal energy into digital energy that can be exported anywhere in the world and stored without power loss.

CNBC expressed: “El Salvador’s move into volcano-powered bitcoin mining makes the case that bitcoin can act as an accelerant to renewable energy development. Geothermal energy is renewable, it’s clean, and in some places, it makes use of a previously untapped resource.”

Bitcoin investors are eagerly watching $50k-$51k as the next resistance for BTC.  The second half of the bull market will be starting if the resistance is broken.

Michael Saylor speaks well about Bitcoin and creates a classic network effect for BTC, a positive feedback loop. The more people who use Bitcoin, the more valuable Bitcoin is for everyone who uses it, and the higher the incentive for the next user to start using the technology.

The politics and debate around energy usage for BTC is never going to end, but BTC is going to progress well.

Since El Salvador has volcanoes it looks like they will mine for free according to many onlookers.

For those who did not get their head around this digital energy thing, they are able to basically understand that you can convert thermal energy to digital energy. Further left wondering on how to convert digital energy back to thermal energy without buying something, which produces thermal energy from a different energy source. E.g. an electric heater?

Clarification:  What he is saying is that Bitcoin takes a useless resource (extra electrical capacity) and turns it into a resource that the entire world can use instantly: a monetary unit with an unbreakable ledger.

There is no any kind of energy, which transfers without power loss during transportation except Digital Energy.

Critics feel that using energy whether volcanic or otherwise is a waste of energy. It still leaves a carbon footprint. As long as heat is being produced of the computers it will always leave a high carbon footprint. This is the most ridiculous thing I’ve heard

No matter who says what Bitcoin has been progressing fairly well and El Salvador has been setting the stage for a great future.

These journos still missed the point of volcanodes: El Salvador isn’t addressing said “energy usage issue” through these geo-thermal nodes, the country has liberated itself from debt dependency. Journalists are paid to smirk and besmirch a sovereign nation’s solution to their balance sheet.