Bitcoin City is a planned smart city project in La Unión, El Salvador. The planned city is intended to be a tax haven, and to use geothermal energy to power Bitcoin mining. The feasibility of its reliance on both geothermal energy and Bitcoin have been the subject of criticism, alongside concerns regarding delays in the project's financing and construction. Description. In November 2021, Nayib Bukele announced that he planned to build Bitcoin City in the southeastern region of La Unión at the base of the Conchagua volcano, which would use geothermal energy to power bitcoin mining.
https://en.wikipedia.org/wiki/Bitcoin_City
Bitcoin City is a planned smart city project in La Unión, El Salvador. The planned city is intended to be a tax haven, and to use geothermal energy to power Bitcoin mining. The feasibility of its reliance on both geothermal energy and Bitcoin have been the subject of criticism, alongside concerns regarding delays in the project's financing and construction. Description. In November 2021, Nayib Bukele announced that he planned to build Bitcoin City in the southeastern region of La Unión at the base of the Conchagua volcano, which would use geothermal energy to power bitcoin mining.
