El Salvador pioneers first Bitcoin mining pool, boosting renewable energy
El Salvador is launching its first Bitcoin mining pool, called Lava Pool, aiming to decentralize mining and leverage renewable energy. El Salvador is set to establish its first-ever Bitcoin mining pool after a historic collaboration between Volcano Energy and Luxor Technologies. The initiative aims to harness El Salvador’s distinct regulatory advantages and renewable energy capacity. While part of this energy will be earmarked for Bitcoin mining , the remaining supply will offer economical electricity options to El Salvador’s local communities. Excited to announce the launch of Lava Pool in collaboration with @LuxorTechTeam. By launching the first #Bitcoin mining pool from El Salvador, we aim to further decentralize bitcoin's hashrate, and to strengthen the country's energy infrastructure. ️ https://t.co/Ef9okyBI5y — Volcano Energy (@Volcano_Energy) October 4, 2023 El Salvador’s strategic ambitions in Bitcoin mining Mining pools are collecti...