Volcano Energy, a bitcoin mining project in El Salvador, has partnered with Luxor Technologies to establish the first bitcoin mining pool in the country called Lava Pool. The goal of the pool is to decentralize bitcoin mining and take advantage of the regulatory clarity and business climate in El Salvador. The pool will use the Full Pay Per Share payment method and aims to be the lowest-cost mining pool option for small miners. Volcano Energy is building bitcoin mining facilities in Santa Ana department, generating renewable energy with a capacity of 241 MW. Despite low bitcoin prices, the hash rate and interest from miners have steadily increased in the Bitcoin network.
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