---
title: "New Facility Will Use Volcano to Power Bitcoin Mining Operation"
description: "After making Bitcoin legal tender, president Nayib Bukele wants to use volcano-based geothermal energy to mine the cryptocurrency."
date: "2021-06-10"
modified: "2021-06-10"
authors:
  - name: "Victor Tangermann"
    job_title: "Senior Editor"
    link: "https://futurism.com/authors/victor"
url: "https://futurism.com/the-byte/volcano-power-bitcoin-mining"
categories:
  - "Bitcoin"
  - "Blockchain"
  - "Cryptocurrency"
  - "Future Society"
tags:
  - "bitcoin"
  - "cryptocurrencies"
  - "el salvador"
  - "the digest"
---

# New Facility Will Use Volcano to Power Bitcoin Mining Operation

![After making Bitcoin legal tender, president Nayib Bukele wants to use volcano-based geothermal energy to mine the cryptocurrency.](<https://futurism.com/wp-content/uploads/2021/06/volcano-power-bitcoin-mining.jpg>)
*\<em\>Image: \<a href="https://pixabay.com/illustrations/eruption-lava-background-3d-768132/" target="\_blank"\>Image via Pixabay\</a\>\</em\>*

## Volcano Powered

El Salvador [recently became](<https://futurism.com/the-byte/country-accept-bitcoin-legal-tender>) the first sovereign nation in the world to make Bitcoin legal tender.

Now, the small country's president Nayib Bukele has an even wilder plan to realize his crypto dreams: volcano-powered cryptocurrency mining.

It's yet another wild turn for a country that has chosen to go all in on the wildly volatile digital currency — recent tumbles in price be damned.

## Going Geothermal

In an [announcement on Twitter](<https://twitter.com/nayibbukele/status/1402680890057166858>), Bukele said that he instructed the president of the state-owned geothermal electric company LaGeoSV to start drawing up plans for bitcoin mining facilities that use geothermal energy.

Bukele argued it'd be a way greener alternative, using "very cheap, 100 percent clean, 100 percent renewable, 0 emissions energy from our volcanos."

https://twitter.com/nayibbukele/status/1402714926800674827

"Our engineers just informed me that they dug a new well, that will provide approximately 95MW of 100% clean, 0 emissions geothermal energy from our volcanos," the president wrote in a follow up. "Starting to design a full #Bitcoin mining hub around it."

The tweet was accompanied by a video of a high velocity jet of pure water vapor shooting out of a massive vent.

**A wide majority of** 62 out of 84 members of El Salvador's congress approved the new Bitcoin law, making the token legal tender. The country also is partnering with a digital wallet platform called Strike to build out the required financial infrastructure.

## Bitcoin Drop

The news comes as the value of Bitcoin has been on a consistent downward trend, with values hitting lows of around $31,000 last month, roughly half of all times high it hit earlier this year.

The news coming out of El Salvador however seems to have investors [a little more excited](<https://www.ctvnews.ca/business/bitcoin-jumps-after-el-salvador-says-it-ll-start-accepting-it-as-legal-tender-1.5464155>), with values recovering to around $37,000.

The drop over the last couple of months was exacerbated by Tesla [reversing a decision](<https://futurism.com/the-byte/elon-musk-tesla-suspending-bitcoin>) to accept Bitcoin as a form of payment, as well as China [getting serious](<https://futurism.com/china-crackdown-cryptocurrency-mining>) about cracking down on cryptocurrency mining within its borders.

Both decisions were at least in part motivated by the fact that cryptocurrency mining has often required vast amounts of fossil fuels coal to be burned in order to generate enough energy.

Whether green geothermal energy is the answer to Bitcoin's energy woes, though, remains to be seen.

**READ MORE:**[El Salvador to use energy from volcanoes for bitcoin mining](<https://www.independent.co.uk/life-style/gadgets-and-tech/el-salvador-bitcoin-mining-volcano-b1863065.html>) \[*The Independent*\]

**More on El Salvador's plans:** *[This Country Plans to Be the First to Accept Bitcoin as Legal Tender](<https://futurism.com/the-byte/country-accept-bitcoin-legal-tender>)*

## Author
I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida.

### Author social links  
[Bluesky](<https://bsky.app/profile/vtanger.bsky.social>)