El Salvador plans bitcoin mining using geothermal energy

El Salvador announced plans on accepting cryptocurrency as legal tender and calls for the use of geothermal energy for bitcoin mining in the country. News outlets around the world are going a bit wild on recent stories that El Salvador wants to “power crypto-mining with 100% cheap, renewable ‘Volcano’ energy”.  Before jumping on that wagon, ThinkGeoEnergy drafted this analysis of what could come next.