{"id":4867,"date":"2023-10-06T08:55:12","date_gmt":"2023-10-06T08:55:12","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=4867"},"modified":"2023-10-06T08:55:12","modified_gmt":"2023-10-06T08:55:12","slug":"el-salvador-started-mining-pool-for-bitcoin","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/","title":{"rendered":"El Salvador Started Mining Pool for Bitcoin!"},"content":{"rendered":"

Bitcoin<\/strong> <\/a>mining project launched by Volcano Energy, collaborating with Luxor Technologies, established the first Bitcoin<\/strong> mining pool named Lava Pool in El Salvador<\/strong>.<\/em><\/p>\n

\n

\u25aa\ufe0f Bitcoin miners combine their computing power to increase their chances of finding a Bitcoin block, forming groups known as mining pools.<\/p>\n

\u25aa\ufe0fThe Lava Pool project in El Salvador<\/strong> aims to decentralize Bitcoin<\/strong> mining and benefit from the country’s regulatory transparency. Also, Gerson Mart\u00ednez, Chief Strategy Officer of Volcano Energy, stated, “We decided to launch a mining pool here by leveraging the regulatory clarity and stable environment offered by El Salvador, to provide a stable platform for Bitcoin businesses.”<\/p>\n

You might like: The Latest Status in Cryptocurrencies<\/strong><\/a><\/p><\/blockquote>\n

\u25aa\ufe0f In addition, Ethan Vera, Director of Operations at Luxor, said, “Geographic decentralization is considered a fundamental principle in Bitcoin mining, and the development of mining pool infrastructure in El Salvador<\/strong> will contribute to achieving this critical goal.”<\/p>\n

\u25aa\ufe0f In the western regions of El Salvador<\/strong>, in Santa Ana, Volcano Energy is currently building BTC mining facilities. Additionally these facilities are operational in a setting where Luxor, one of the top ten pools worldwide, represents 3.3% of the total network hash rate. Luxor will receive a symbolic fee for management services from Lava Pool, and in return, Lava Pool will benefit from a lower mining fee.<\/p>\n

\u25aa\ufe0f This project aims to generate 241 MW of renewable energy, with a portion allocated for Bitcoin mining and also the remainder to supply affordable energy to local communities.\u00a0This will both employ environmentally friendly energy sources and provide economic advantages to local communities.<\/p>\n

\n

You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don\u2019 t forget to follow us on our\u00a0Telegram<\/strong>,\u00a0<\/a>YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin mining project launched by Volcano Energy, collaborating with Luxor Technologies, established the first Bitcoin mining pool named Lava Pool in El Salvador. \u25aa\ufe0f Bitcoin miners combine their computing power to increase their chances of finding a Bitcoin block, forming groups known as mining pools. \u25aa\ufe0fThe Lava Pool project in El Salvador aims to decentralize<\/p>\n","protected":false},"author":2,"featured_media":4866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,307,1829,1828,1827,1826],"class_list":["post-4867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-bitcoin-mining","tag-decentralize-bitcoin-mining","tag-el-salvador","tag-luxor-technologies","tag-volcano-energy"],"yoast_head":"\nEl Salvador Started Mining Pool for Bitcoin! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Volcano Energy, collaborating with Luxor Technologies and launched the first Bitcoin mining pool, Lava Pool, in El Salvador.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Salvador Started Mining Pool for Bitcoin! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Volcano Energy, collaborating with Luxor Technologies and launched the first Bitcoin mining pool, Lava Pool, in El Salvador.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-06T08:55:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-29.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"820\" \/>\n\t<meta property=\"og:image:height\" content=\"492\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Yunus Ta\u015fl\u0131\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yunus Ta\u015fl\u0131\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/\",\"name\":\"El Salvador Started Mining Pool for Bitcoin! - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-29.jpg\",\"datePublished\":\"2023-10-06T08:55:12+00:00\",\"dateModified\":\"2023-10-06T08:55:12+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/3b5f1d8348693fca419229a65d8cf4b3\"},\"description\":\"Volcano Energy, collaborating with Luxor Technologies and launched the first Bitcoin mining pool, Lava Pool, in El Salvador.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-29.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-29.jpg\",\"width\":820,\"height\":492,\"caption\":\"El Salvador\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"El Salvador Started Mining Pool for Bitcoin!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/3b5f1d8348693fca419229a65d8cf4b3\",\"name\":\"Yunus Ta\u015fl\u0131\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3b7beb9215ebe43d2161c0de485eca68dcd10a6de219f9f665ac51ab09ca8fad?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3b7beb9215ebe43d2161c0de485eca68dcd10a6de219f9f665ac51ab09ca8fad?s=96&d=mm&r=g\",\"caption\":\"Yunus Ta\u015fl\u0131\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/ceyunus\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"El Salvador Started Mining Pool for Bitcoin! - Coin Engineer","description":"Volcano Energy, collaborating with Luxor Technologies and launched the first Bitcoin mining pool, Lava Pool, in El Salvador.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/","og_locale":"en_US","og_type":"article","og_title":"El Salvador Started Mining Pool for Bitcoin! - Coin Engineer","og_description":"Volcano Energy, collaborating with Luxor Technologies and launched the first Bitcoin mining pool, Lava Pool, in El Salvador.","og_url":"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/","og_site_name":"Coin Engineer","article_published_time":"2023-10-06T08:55:12+00:00","og_image":[{"width":820,"height":492,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-29.jpg","type":"image\/jpeg"}],"author":"Yunus Ta\u015fl\u0131","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Yunus Ta\u015fl\u0131","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/","url":"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/","name":"El Salvador Started Mining Pool for Bitcoin! - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-29.jpg","datePublished":"2023-10-06T08:55:12+00:00","dateModified":"2023-10-06T08:55:12+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/3b5f1d8348693fca419229a65d8cf4b3"},"description":"Volcano Energy, collaborating with Luxor Technologies and launched the first Bitcoin mining pool, Lava Pool, in El Salvador.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-29.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-29.jpg","width":820,"height":492,"caption":"El Salvador"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/el-salvador-started-mining-pool-for-bitcoin\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"El Salvador Started Mining Pool for Bitcoin!"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/3b5f1d8348693fca419229a65d8cf4b3","name":"Yunus Ta\u015fl\u0131","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3b7beb9215ebe43d2161c0de485eca68dcd10a6de219f9f665ac51ab09ca8fad?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3b7beb9215ebe43d2161c0de485eca68dcd10a6de219f9f665ac51ab09ca8fad?s=96&d=mm&r=g","caption":"Yunus Ta\u015fl\u0131"},"url":"https:\/\/coinengineer.net\/blog\/author\/ceyunus\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/4867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=4867"}],"version-history":[{"count":2,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/4867\/revisions"}],"predecessor-version":[{"id":4871,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/4867\/revisions\/4871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/4866"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=4867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=4867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=4867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}