11 Jun El Salvador’s “Bitcoin President” Plans to Launch Geothermal-powered Bitcoin Mining Operation
The President of El Salvador, Salvador Sanchez Ceren, is exploring the possibility of building his own geothermal power plant, which would be able to generate electricity using the heat produced by the earth’s natural volcanic process. According to Minera Exito, a company that will be partnering with the president, the plant will contain a capacity of up to 6MW, and power the entire country.
The country of El Salvador has had an interesting year. It has been in the news many times due to the country’s political situation, but one thing that has captured the attention of the world is the appointment of the country’s “Bitcoin President”.
The president of El Salvador, Salvador Sanchez Ceren, is planning to launch a Bitcoin mining operation in the country. El Faro, a local publication, reported that Ceren met with the head of a local tech company, which will help him launch the mining operation. The project is set to cost about US$1 million, according to the local publication. The mining operation will begin in the northern region of the country.. Read more about venezuela bitcoin mining and let us know what you think.Welcome to the internet, where the strange becomes reality and people become insanely rich. Today’s phenomenon revolves around an old meme that has suddenly become the target of WallStreetBets (WSB) meme promotions. In this film, a person starts rattling around, before a uniformed employee politely says this is Wendy’s. This is one of those nonrandom examples that somehow applies to anyone who is so lost in a moment that they don’t even realize who they are talking to. In the context of meme stocks exceeding their reasonable valuations based solely on the enthusiasm of investors who often do so more to laugh than to make money, it seems fitting that Wendy’s (NASDAQ:WEN) shares suddenly and inexplicably jumped to a new all-time high of nearly $30 this morning, before returning to more reasonable levels at the time of this writing. Of course, there is a certain amount of randomness in all of this. This meme has been around for a long time, so why the meme merchants suddenly thought to offer it for sale now, I guess we don’t know. Unlike other WSB Evangelical targets, WEN has not been the target of short sales and in fact has a strong balance sheet with decent growth prospects as the company positions itself as a breakfast spot after being COVID-19….. positioned. That’s what the mainstream media thinks.
Is it a conspiracy?
A Google search for wen meme stock has no shortage of excellent reports on how Wendy’s became the last stock to be targeted by WSB. But if you scroll through the posts on the WSB forum, it doesn’t seem to get much attention. I scrolled down the page for almost 15 minutes and didn’t see a single post about it. A search of the forum yields this analysis as the most relevant post. At the time of writing, he only had 56 karma from upvotes, which isn’t much for this kind of thing, and certainly doesn’t explain this kind of pumping. Fortunately, a website called Swaggy Stocks shows us excellent visualizations for all the major WSB stocks, and it has an interesting revelation about WEN stocks. Here we see that there was only a slight increase in comment volume (about 0.36% of total WSB ticker entries) before transaction volume increased. Therefore, it is as likely that the prize action is driving the comments as the other way around. If it wasn’t Reddit users who raised the price of the moon, then who? Whoever it was, I can understand them wanting the WSB to record it.
Today’s big crypto-currency tweet story, of course, comes from our new friend, President El Salvador, who tweeted: I didn’t even know volcanic energy could be harnessed in this way, but it’s great to see Bitcoin driving this kind of innovation, especially with all the misinformation about energy we’ve just seen. As the old saying goes…. Bitcoin will solve everything.A Guatemalan man with a history of legal troubles is planning to begin cultivating geothermal power on his own property in El Salvador, which he believes will enable him to become the country’s most powerful “Bitcoin president” by mining Bitcoin and other cryptocurrencies.. Read more about venezuela btc mining and let us know what you think.
venezuela bitcoin miningillegal crypto mining viceillegal bitcoin miningvenezuela btc miningiran bitcoin central bankis bitcoin illegal in venezuela,People also search for,Privacy settings,How Search works,venezuela bitcoin mining,illegal crypto mining vice,illegal bitcoin mining,venezuela btc mining,iran bitcoin central bank,is bitcoin illegal in venezuela,vice crypto mining,venezuela blockchain