El Salvador Bitcoin city planned at base of Conchagua volcano

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Funded by the cryptocurrency, it will use the volcano's energy to power mining, the president says.

Addressing a raucous crowd at a promotional Bitcoin event in the coastal town of Mizata late on Saturday, Mr Bukele said the planned new city would "include everything".

The president, who appeared on stage wearing a baseball cap backwards, said that no income taxes would be levied in the city, only value added tax . Mining Bitcoin and other cryptocurrencies is done using sophisticated computers to solve complex mathematical problems. It is costly, difficult and takes up large amounts of energy.

 

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Con esa mano que hace el presidente muchos dirán que es un iluminate.

la ciudad volcano !!

Be a nice time for its first eruption

Would this volcano be hollow, by any chance? 🕵🏼‍♂️ 😈 🌋

bitcoin is successfully consolidating above the horizontal support around $59.8k This should still be followed by a further rise towards at least the target at $65k I’ve been taking mjtru_ tips & TA seriously and I’ve been doing superb Follow her

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