Two companies came together in El Salvador and established the first Bitcoin mining pool in the country.
Volcano Energy, a renewable energy company in El Salvador, and Luxor Technology, which provides software services for Bitcoin mining, came together to “Lava Pool” He opened a mining pool called.
This mining pool in El Salvador is one of the country’s richest places to mine Bitcoin. from geothermal energy It will be the first pool to benefit.
Within the scope of this project implemented in cooperation with the state, Volcano Energy will mine Bitcoin through this mining pool and the total net income it will obtain will be 25% to the government of El Salvador will give.
Volcano Energy was acquired in June from a group of investors led by Tether Energy. $1 billion He had received an investment promise. in El Salvador renewable energy And Studies on Bitcoin mining 250 million dollars of this investment was realized.
El Salvador, which is rich in renewable energy resources, is trying to integrate Bitcoin into its energy infrastructure. Mining ventures like this are subject to government fund new projects can provide the necessary income.
Government profits from mining Investing in energy infrastructure and thus wants to promote economic growth.
El Salvador to launch Bitcoin in 2021 legal tender It made headlines as the first state to recognize it. In the same year, Bitcoin mining began using geothermal energy from volcanoes.