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Tag Archives: El Salvador

El Salvador Is Using Volcanoes to Mine BTC

El Salvador is now using energy from nearby volcanoes to mine bitcoin. El Salvador Is Putting Local Volcanoes to Good Use President Nayib Bukele announced late last week that his country had minted what he called the first volcano-powered bitcoin unit. He also posted a video of bitcoin rigs being set up at a geothermal crypto mining operation stationed in a forest which happened to be near a volcano. Thus far, El Salvador has only managed to extract roughly $280 in BTC...

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Bitcoin als offizielles Zahlungsmittel in El Salvador: Zwischen Start-Euphorie und Stresstest

Am 7. September war Bitcoin-Day: In El Salvador wurde die wohl bekannteste Kryptowährung zum zweiten offiziellen Zahlungsmittel neben dem US-Dollar. Der mittelamerikanische Staat wagte als erste Nation weltweit diesen Schritt. Ein Meilenstein sollte es für die Krypto-Community werden. Doch die Märkte waren nicht überzeugt, der Tag endete mit einem veritablen Absturz des Bitcoins und zahlreicher anderer digitaler Assets. So sank die Marktkapitalisierung aller Krypto-Werte in der Spitze um 400...

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El Salvador Mined its First Bitcoin Using Volcanic Energy

Nayib Bukele – president of El Salvador – recently took to Twitter with some mining numbers. It appears that the country’s developing volcanic mining facility has produced its first Bitcoin. Volcanic Bitcoin As revealed by Bukele earlier today, the gains produced by the volcano are still small. However, the president still seemed quite enthusiastic to have gotten the project started, showing his new numbers alongside a single heart emoji. At the time of posting, the facility...

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Chivo Wallet Users in El Salvador Will Receive a Discount on Fuel Payments

El Salvador’s state-owned digital wallet company “Chivo” will be granting citizens a discount on fuel payments. This provides greater incentives for citizens to use Bitcoin as a medium of exchange. Chivo Partners With Major Gas Companies Nayib Bukele – President of El Salvador – announced the new benefit yesterday over Twitter. The reveal was part of a longer thread on the nation’s efforts to reduce the cost of fuel in the country. The government will be absorbing further...

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Geothermie-Kraftwerk: El Salvador startet mit grünem Bitcoin-Mining ?

Bitcoin Mining mit Energie vom Vulkan. 100 % sauber, 100 % erneuerbar. Sauberer geht's nicht. El Salvador ist ein kleines Land, aber es beheimatet immerhin 23 aktive Vulkane – und nutzt deren geothermale Energie im grossen Stil zur Energiegewinnung. Mehr als die Hälfte des Stroms in El Salvador wird bereits aus erneuerbaren Energien gewonnen. Zusätzlich zu zwei bestehenden Geothermie-Kraftwerken sollen nun zwei weitere Anlagen gebaut werden. Erste...

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Nayib Bukele: Chivo Bitcoin Wallet Has Now More Active Users Than Any Salvadorian Bank

In just three weeks, roughly one-third of El Salvador’s population has started to employ the Bitcoin wallet Chivo actively. As such, the country’s president updated that more people will soon be using the app than they have bank accounts in all local banking organizations combined. The smallest and most densely populated Central American country made history earlier this year when it announced it will legalize bitcoin within its borders. The move received many controversial...

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Wird Bitcoin jemals ein gängiges Zahlungsmittel werden?

Es gibt kaum eine Technologie auf der Welt, die derart die Meinungen der Menschen spaltet wie Kryptowährungen. Für die einen sind sie die große Erlösung, welche die alten Zahlungssysteme und die damit verbundenen Manipulationen der Regierungen beenden wird. Für die anderen dagegen sind Kryptowährungen nichts mehr als reine Spekulation, die am Ende garantiert zusammenstürzen wird. Was jedoch kein Mensch verleugnen kann, ist die Tatsache, dass Bitcoin und Co. immer mehr von den Massen...

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Denelle Dixon: El Salvador Is Doing Well with BTC

El Salvador has been making huge headlines as of late. The country is among the first to declare bitcoin – the world’s number one digital currency by market cap – legal tender, meaning it can now be used to purchase items and services in the same way one might use fiat, credit cards, or even checks. El Salvador Might Be Doing Something Right However, the country has experienced some serious rollout issues, between people protesting that they don’t want life to change to...

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El Salvador Continues Its Crypto Push, Buys a Lot More Bitcoin

Despite all the bitcoin rollout issues the country has been having as of late, El Salvador is not giving up on its crypto agenda, and the country has recently purchased as much as 150 additional BTC units. El Salvador Has Bought a Lot of BTC At the time of writing, the country boasts a stash of more than 700 individual bitcoin units, which are worth approximately $31 million at press time. This may not sound like much at first but considering that El Salvador is new to...

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This country bought the dip

Bitcoin El Salvador: This country bought the dip Dips are for buying, don’t take our word for it, that’s some solid presidential advice. In a mere 3 days, Bitcoin lost 5,000 euros in value. A small, perfect dip if you were waiting for a buying opportunity. Apparently El Salvador was one of those waiting on the sidelines. The President let the world know they are stacking sats again. They can’t beat you if you buy the dip Buying the dip ? 150...

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