Ricardo Salinas Pliego is the third richest man in Mexico. He wants to mine bitcoins owned by his company LiveCoins.com using geothermal power plant.
Pliego is a well-known figure in the cryptocurrency world and he wants to use geothermal power plant of Domo San Pedro by his company Grupo Dragon. The plant has an installed geothermal power generation capacity of 25 MW.
El Salvador became the first country to adopt Bitcoin as the legal tender, is already using geothermal energy for bitcoin mining and has large plans. Utilising renewable energy for Bitcoin mining clearly has become en vogue given the huge energy demand and impact it has on energy consumption and related carbon emissions. As a vivid supporter of Bitcoins, Ricardo Salinas’ Grupo Elektra stores already accept Bitcoin as legal tender.
However, his connection with Bitcoin does not end there, after all, the billionaire has his eye on the mining sector. This idea was given by a Twitter user who recalled that Salinas owns Grupo Dragon, one of the five geothermal energy operators in Mexico.
However, if you build such a mining farm, the one who will benefit the most is Bitcoin itself. First by greater decentralization, followed by more ecological mining, a point that still holds back the adoption of companies like Tesla and Uber.