Guatemala Town Mining Bitcoin with Waste Oil – Bitcoin Magazine

A circular bitcoin economy in Guatemala uses resources that would otherwise be wasted to power a local bitcoin mining operation, empowering its residents financially and demonstrating a viable economic path outside of the government-controlled economy.

Patrick Melder, MD, founder of the circular economy coined “Bitcoin Lake“, told Bitcoin Magazine that his Kaboom bitcoin mining project is the result of a desire to help clean up nearby Lake Atitlán while providing an ongoing source of income for the community.

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