El Salvador President now has a ’volcanic’ bitcoin mining plan

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El Salvador President now has a ’volcanic’ bitcoin mining plan

timestampJun 11, 2021 authorAlShorts Web Desk

El Salvador President Nayib Bukele has shared the country’s plans for bitcoin mining using volcanoes. The facility will mine bitcoin using power generated from volcanoes. The country is planning this facility so that it can attract crypto entrepreneurs and investors. Bukele said the country is one of the world’s few nations with no property tax and no capital gains tax for Bitcoin.

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