El Salvador President Nayib Bukele used Twitter to report that Bitcoin mining through renewable energy from the Volcano has already started.
According to Bukele, El Salvador has mined nearly $500 in Bitcoins, a number the government certainly intends to increase dramatically over time.
In a follow-up tweet, Bukele clarified that “this is officially the first #Bitcoin mining of #volcanode”, the country's volcano-powered Bitcoin mine.
Bitcoin mining is controversial due to its energy consumption demands and the resulting carbon footprint. However, the landscape has changed rapidly with many miners opting for renewable and cleaner energy sources such as geothermal energy.
In June, President Bukele said that LaGeo, El Salvador's state-owned electricity company, would use "very cheap, 100% clean, 100% renewable, and no-emissions energy" to extract Bitcoin.