Volcano Energy and Luxor Technology Corporation have officially unveiled Lava Pool, El Salvador's inaugural Bitcoin mining pool powered by abundant renewable geothermal energy. Volcano Energy, a unique public-private partnership committed to contributing 23% of its net income to the Salvadoran government, will exclusively mine blocks through Lava Pool. Countries like El Salvador and the Central African Republic (CAR) are the only two countries in the world that have made or adopted Bitcoin as legal tender and are already reaping the benefits while we are still in a bear market, especially El Salvador who is on everyone's lips unlike the Central African Republic (CAR).
In my opinion, countries that also want better for their country and the country's economy should follow El Salvador's example and take a page from their playbook that shows that Bitcoin works, no matter how the government fights Bitcoin and Crypto. I can only imagine how El Salvador will be like 10 years from now, their adoption and investment in Bitcoin helped them pay off their debt in full with the interest on top of it, that right there is a huge win and Bitcoin did that. It is funny How it is a third-world country that is leading the crypto adoption and also staying at the forefront of financial innovation, El Salvador really knows how to turn up the heat in the world of crypto.
El Salvador made history as the first country to make Bitcoin legal tender, and now they are setting another record as the first country to start mining Bitcoin too, They are really going all-in on this crypto thing and I love it.
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