Nayib Bukele, El Salvador’s Bitcoin President came out on Twitter to set the record straight this week on the country’s energy production and consumption, after openly being challenged. With its ambitious project, Bitcoin City starting construction this year, Bukele revealed that the country has heavily invested in increasing its geothermal energy production.
Ok, ID-10t, I’m going to school you again, not because it’s going to be of use for you, since you’re just getting paid to attack #Bitcoin and defend fiat, but because the people deserve to know you are a fraud. https://t.co/BbDGGnyjuu
— Nayib Bukele
(@nayibbukele) January 8, 2022
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The power coming from the volcanoes, managed and maintained by a state company called Lageo, are good for more than 1,000 gigawatts for the nation yearly, the president said.
Furthermore, Lageo is preparing the inclusion of four new wells to the power system. One of the more advanced wells will supposedly be able to provide more than 95 MW (megawatts) of energy to the national grid. Bukele said:
“[It will be] clean, cheap and renewable energy, from a source that will last at least a couple of million years.”
For Bitcoin City, Bukele is almost 100% sure that they will be able to find one well out of 170 active volcanoes, with the required capacity to power the new city.
We’ve a 90% chance of finding at least a +42 MW well. Enough to power all of #Bitcoin City.
And if the city grows far more than expected (good problem), then we can still use the 95 MW plant we are building for the initial powering. pic.twitter.com/7gk1fu8sWg
— Nayib Bukele
(@nayibbukele) January 9, 2022
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Source: Igaming
