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has it been done in other countries? did they hire a firm with experience developing volcanic geothermal energy?
haha sorry I don't mean to ask you to research these questions for me, they're just the things that come to mind
it would be interesting to dig into the consultants they hired. It may get a bit beyond the scope of my project though (tether).
Back in 2024, there were some reportsthat El Salvador did actually mine bitcoin with a geothermal power plant:
At that time, Tecapa was already the site of a state-owned power plant. Of the 102 megawatts it produces, 1.5 MW are now devoted to cryptocurrency mining, or a little more than 1% of its output. The recently mined 474 bitcoin were the result of a collaborative effort by cryptocurrency miners Foundry USA, Ant pool, ViaBTC, F2Pool, and Binance Pool.
This is not the same as the planned Volcano Energy plant. And it's unclear if El Salvador is still using this other plant to mine.
There is a volcano mining project in Kenya from a company called Gridless (backed by Block)
The mine, tucked away on the edge of Lake Naivasha, is operated by a startup called Gridless and consists of a single 500-kilowatt mobile container that, from the outside, looks like a small residential trailer.
I can't quite tell if Gridless is still using their geothermal site. Their leadership would be an interesting AMA...
Volcano Energy is the company that got created out of the volcano bond cum private equity deal
They decided to build a solar and wind farm before building the geothermal plant (what I believe we would call the Volcano thing).
Their website currently says they are about halfway on building the solar/wind thing (or maybe they are halfway through planning it?)