Leading El Salvador ecologist Ricardo Navarro believes mining bitcoin with a volcano, or geothermal energy, “will end in environmental disaster.” Navarro believes geothermal energy costs more than oil and believes the decision of El Salvador’s millennial president Nayib Bukele to be questionable.
Salvadoran ecologist Ricardo Navarro questions Bitcoin City company powered by his country’s volcano
In the second week of June, Salvadoran President Nayib Bukele told the public that the Latin American country plans to mine bitcoin (BTC) with energy from volcanoes located in the country. In late September, Bukele shared a video of the initial construction of the Salvadoran volcano-powered bitcoin mining facility. Today, the president and his government are criticized by the eminent Salvadoran environmentalist Ricardo Navarro.
The Salvadoran ecologist told Telegraph contributor Simeon Tegel that developing a “Bitcoin town” next to a volcano doesn’t make sense. “Talking about building this city next to a volcano is like thinking you’re rich because you live next to a bank,” Navarro said. Navarro also explained that geothermal energy is always an expensive business and won’t be much better than using petroleum sources. Navarro insists:
Geothermal energy always costs more than oil, otherwise we would already be using more. What will eventually happen is we’ll just buy more oil.
Navarro insists “Bukele doesn’t really understand what’s going on with the energy situation”
Navarro is concerning on the consequences of the so-called global climate crisis. The ecologist heads a non-governmental organization CESTA (Salvadorian Center for Appropriate Technology) and he recently discussed the topic with Politico contributing author Bjarke Smith-Meyer on November 10.
At that time, Navarro rejected the idea of a volcano-fueled bitcoin mining facility because he is convinced the facility will require more energy resources than just geothermal power. “I feel like Bukele doesn’t really understand what’s going on [with] the energy situation, ”Navarro told the reporter. “It will certainly complicate… the request. “
Navarro also claims that the digital currency environment in El Salvador could attract drug lords. The Salvadoran ecologist says the bitcoin bidding law was rushed and implemented without debate. “If you have something good to promote, you propose it, you discuss it, then you put your arguments. But that was not the case with bitcoin, ”Navarro told Smith-Meyer.
What do you think of the Salvadoran environmentalist’s opinion on the volcano-fueled bitcoin mining facility in El Salvador? Let us know what you think of this topic in the comments section below.
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