The government of El Salvador will collaborate with the company Volcano Energy to launch a Bitcoin mining pool in the country.
One of the countries that most promotes the use and adoption of Bitcoin in the world is El Salvador.
In September 2021, the country became the first to grant Bitcoin legal tender as a national currency for making payments and transactions throughout its territory. It also launched a digital wallet called Chivo Wallet to facilitate BTC transactions and began investing in the cryptocurrency at the government level.
At the end of that same year, El Salvador presented its plans to build a Bitcoin city (bitcoin city), which will be funded by bitcoin bonds. El Salvador also created a National Bitcoin Office to promote new policies focused on cryptocurrency and, so far, has opened two Bitcoin embassies, one in the city of Lugano (Switzerland) and another in the state of Texas (United States).
The deployment of educational and vocational training plans, such as CUBE +, focused on training new Bitcoin and Lightning Network code developers, is also part of the El Salvador national government's strategy to boost technological and economic development through Bitcoin.
As for bitcoin mining, El Salvador has also been encouraging the development of this activity in a sustainable manner through different projects such as LaGeo, which take advantage of its many sources of clean energy to operate BTC mining equipment.
Now, continuing with its strategy of transformation and growth through Bitcoin, El Salvador has plans to launch a mining pool that will boost its integration into the most powerful and capitalized blockchain network in the world. This initiative is being promoted by Volcano Energy, a Bitcoin startup that has the backing of the national government and Tether Limited.
Although there are no further details about El Salvador's new plans for the Bitcoin network, the startup announced that the Central American country will soon become the first to have its own cryptocurrency mining pool.
Volcano Energy is also designing a 20.000-megawatt Bitcoin mining mega farm that will be powered by a clean energy generation park located in the municipality of Metapán, known for its abundant solar, wind and geothermal energy potential.
Continue reading: The great advantages of Bitcoin in El Salvador since its legalization as currency
