Bitcoin is a currency and a payment method invented by an unknown programmer. It is a decentralized, peer-to-peer digital currency transferred online without the need for a central authority.
Bitcoin is a digital cryptocurrency made through a process called mining. During this process, people use a computer to solve complex mathematical questions. Questions created by Bitcoin’s underlying blockchain. Bitcoin is a type of cryptocurrency. A great deal of effort has been made to keep Bitcoin transactions private.
Bitcoin transactions are recorded in a public ledger known as a blockchain but are not available to the general public. The achievement of using cryptography makes it impossible to know which users are transacting with one another.
Bitcoin is a cryptocurrency and payment system invented by Satoshi Nakamoto. He published the invention in 2008 and released it on the Bitcointalk forum on 31 October 2009. The system is Byzantine fault-tolerant and uses a peer-to-peer network to generate secure distributed electronic money. Read more about green bitcoin.
El Salvador began exploring the possibility of mining bitcoins by using volcanic energy, said the country’s president, Nayib Bukele. Our engineers have just informed me that they have drilled a new well. It will provide about 95 MW of 100% geothermal energy from our volcanoes, with no emissions, he said.
Volcano Energy – 100% Clean and Zero Emission
Salvadoran President Nayib Bukele made the announcement Wednesday on Twitter: I just asked the president of La Geo, our state’s geothermal energy company, to develop a plan to create Bitcoin mining capacity with very cheap, 100% clean, 100% renewable, emissions-free energy from our volcanoes. It might grow fast.
The president posted another tweet: Our engineers have just informed me that they have drilled a new well. It will provide approximately 95 MW of 100% net geothermal energy from our volcanoes, with no emissions. We will start developing a real Bitcoin mining center. What you see coming out of the well is pure water vapor.
Many Bitcoiners applaud Buchele’s decision to use volcanic energy to mine bitcoins, seeing it as a positive move. Thousands of comments flooded his tweet with thousands of likes and retweets. Among the commenters, Twitter CEO Jack Dorsey wrote: Bitcoin encourages renewable energy.
Read more about green bitcoin mining.
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