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El Salvador has Mined 474 Bitcoin Using Geothermal Volcanic Energy Since 2021: Reuters

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El Salvador has mined a total of 474 Bitcoin worth $29 million using volcanic geothermal energy since 2021. The Bitcoin was mined with power from the country’s Tecapa volcano, using 300 mining processors.

Reuters reports that the country has allocated 1.5 megawatts (MW) to cryptocurrency mining out of the 102 MW produced by the state-owned power plant.

In 2021, El Salvador became the first country to adopt Bitcoin as a legal tender alongside the United States dollar.

El Salvador now holds a total of 5,750 BTC worth around $354 million, shrugging off criticisms from global organizations such as the World Bank and others over its adoption of the cryptocurrency.

Bitcoin mining and its use of fossil fuels have long been controversial topics in the crypto industry.