In today's post I bring you a very very important news the president of el salvador shows a Bitcoin mining farm that uses geothermal energy there is a strong increase of new Bitcoin participants and Ether 2.0 is nearing completion and the developers set the update for October.
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Bitcoin mining plant with volcanic geothermal energy
The president of el salvador shared a video showing the apparent progress of the country's Bitcoin mining plant powered by volcanic geothermal energy the video shows an overview of a power generation facility with technicians enabling cryptocurrency mining equipment he did not give many details about the process but when showing the video he just wrote as a headline, "The first steps" with a Bitcoin tag. Together we are depicting a volcano and the national flag of El Salvador this latest move by the Salvadoran government reaffirms the huge potential for Bitcoin advocates to reduce Bitcoin's carbon footprint by using a wide number of renewable energy sources, including solar, hydroelectric and wind power.
Bitcoin transactions
Bitcoin transactions have dropped a range of between 175 thousand and 200 thousand transactions per day which is considered bearish online activity this decline adds weight to the argument that the market would be dominated by holders and traders with less participation from new investors and traders however each time in new participants in Bitcoin there are more and more new participants in records, in the current market there are approximately 13, 000 new entities per day and it is very likely that the majority of participants in this market are long term accumulators and holders this is very interesting news and is one way to gauge what could be a much higher volume market in the future if in other news the long planned upgrade of the foreign network to a scalable consensus model based on proof of state.
It is coming and going imminently as the developers have set a date for the upgrade in October if described as the first upgrade minds the pace with the change and is scheduled to be around 74,240 or around October 27.