The president of El Salvador has announced on Twitter that the Central American Country has started mining its first bitcoins, delivering on his promise to use geothermal energy from a volcano to mine the cryptocurrency.
This follows a series of tweets announcing the imminent project:
While China has recently outlawed Bitcoin mining due to power shortages and a general crackdown on all cryptocurrencies, El salvador joins the ranks of several other countries that have embraced Bitcoin mining as a geopolitical startegy. Other countries that have started mining as a state policy or have announced their intention to do so include Pakistan, Kazakhstan, Iran and Belarus.
The Prisoner’s Dilemma between nations is slowly gearing up, here is a post from 2020 that illustrates it: