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> If tourism has gone up, does it not seem more likely correlated with the end of the pandemic? I find unlikely that people with cabin fever are itching to vis
by irusensei 4y ago
> If tourism has gone up, does it not seem more likely correlated with the end of the pandemic?
I find unlikely that people with cabin fever are itching to visit a country with such a violent reputation as El Salvador. We might find more clues if we compare revenue from before the pandemic and bitcoin adoption.
> Investing in clean power sources and then using that power for mining seems a poor economic idea in a country with no fossil fuel reserves and which still relies on imports for its existing power needs.
I think its quite the opposite. They have lots of untapped power from volcano but no actual demand for that energy that justifies investment. Its just there. With bitcoin mining comes incentives from deploying infrastructure and strengthening their grid. Its not coal or gas so everyone should be happy with the results right?
- Nursie 4y agoBut they do have demand - their country is paying for imported fossil fuel. That is an energy demand and a cost they could develop away from. > With bitcoin mining comes incentives from deploying infrastructure and strengthening their grid Not really, just stick miners next to the generators, job done.