El Salvador takes a historic step in Bitcoin mining with the launch of the “Lava Pool,” aiming to decentralize mining operations and harness renewable energy for sustainable growth.
Volcano Energy, in partnership with Luxor Technologies, has introduced El Salvador’s inaugural Bitcoin mining pool, dubbed the “Lava Pool.” This groundbreaking endeavor aligns with the nation’s recent decision to embrace Bitcoin as legal tender, capitalizing on regulatory clarity. Boasting a robust capacity of 241 MW, the Lava Pool will not only produce renewable energy but also allocate a portion for Bitcoin mining purposes. Furthermore, it promises affordable electricity rates for local communities, fostering economic development.
This strategic move signifies a dual commitment: reducing the environmental footprint of Bitcoin mining while stimulating regional prosperity. El Salvador is taking a pioneering leap towards a sustainable and innovative future in the cryptocurrency landscape.