Is it really the case that mining Bitcoins is still the most lucrative way to exploit El Salvador's volcanic energy?
Instead of mining Bitcoins, they could also simply have exported their electric energy, but apparently this is less profitable. But then I wonder, why don't we see more power plants all over the world doing the same thing with their generated electricity?
Now, if a real entrepreneur figured out how to capture excess electricity in El Salvador as green hydrogen and ship it, that would be a net positive for everyone involved.
They can export their electricity through industry. Exporting electricity to other countries is quite the political challenge. And El Salvador doesn’t have that rich or easy neighbors either.
Also, mining bitcoin can be considered as a form of energy export.
