There are government efforts to mine Bitcoin through geothermal energy in El Salvador, and now the mining industry has also joined in with Lava Pool.
What is lava pool?
The "Lava Pool" is a Bitcoin mining pool, the first mining pool in the bitcoin country of El Salvador, as well as an initiative mining pool powered by renewable geothermal energy. Lava Pool has been jointly launched by Volcano Energy and Luxor Technology Corporation.
Creator of Lava Pool
Volcano Energy is a $1 billion startup in El Salvador. It is a PPP-type company, with the Salvadoran government owning 23% of the net income. Luxor Technology is a private company providing Bitcoin mining products and services based in Seattle, US.
Both companies have blue ticks on XTwitter, not gold ticks. That means both of them have been verified on an individual basis, not as a company. Their information came from Bitcoin Magazine, and from there BINANCE and Nasdaq also took it, but Nayib Bukele has not confirmed it.
