El Salvador just mined its very first Bitcoin using volcanic geometrical energy. The President of the Central America nation, Nayib Bukele, officially announced the success of his venture last Friday. Bukele closely followed the process while releasing a series of Tweets. In one of these, the country head revealed the exact sum, at the time of the tweet, to be 0.00599179 BTC- the first BTC to ever be mined by volcanic technology in El Salvador.
Bukele signed a bill declaring Bitcoin to be a legal tender, after which he immediately moved to create geothermal facilities for mining Bitcoin. It seems that the president’s plans coexisted from the beginning. It was revealed that Bukele briefed LaGeo SV to proceed with finalizing the project, the company being the leading geothermal electrical firm in the country.
Currently, nothing is known of the number of minim machinery being used- the president has not disclosed any details. However, what has been made abundantly clear is Bukele’s clear-cut agenda to make his country an attractive destination for local and international investors.
Central America as a whole is currently undertaking a massive move to attract international cryptocurrency firms, as well as investors of every kind. As reported by Finance Magnates, the main focus is BTC investors, who will undoubtedly be attracted by the BTC-taxex emptions.