04.10.202110:25 Forex Analysis & Reviews: El Salvador started mining Bitcoin using the volcano's energy

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President Nayib Bukele announced that El Salvador has mined a small portion of its first Bitcoin for the first time since the official adoption of the cryptocurrency as legal tender by using energy obtained naturally through geothermal energy generated from volcanoes.

According to the press release, the mining project has currently generated 0.00599179 BTC and is managed by the state-backed LaGeo SA de CV. However, this is a small figure, which is approximately equivalent to 287.34 US dollars (or 212.14 pounds sterling).

President Bukele shared the total amount of mined bitcoins in his tweet, noting that it is not yet one whole bitcoin. The tweet has a section called "pending payment", which lists separately from the number of bitcoins received as a result of mining.

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