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El Salvador President Nayib Bukele has announced plans to build a Bitcoin city at the base of a volcano, with cryptocurrency being used to fund the project

Sunday morning I took a ride out to get my coffee at the Citgo gas station near my house. When I walked in, I saw something brand new, right next to the Good Humor Ice Cream case, a Bitcoin machine. I watched as a young man tried to make heads or tails of it, he was making a transaction of some sort.

To create bitcoin. they do that by tackling wickedly hard equations that need a lot of computer power to solve. in many ways, these computers are printing money. one bitcoin is currently worth over £25,000, or $35,000, and all these computers need a lot of energy. the unique thing about this plant is it both creates energy and mines bitcoin, so these turbines actually create the energy, and then literally right next to them there are these massive bitcoining machines. that's kind of the unique selling point of company, that they do the whole thing in—house. mining bitcoin is hugely energy i...

Converting it into a gas—fired power station with a twist. what's happening here is part of a modern day gold rush. but they are not mining minerals here, they're mining bitcoin. these computers all have one singular goal: to create bitcoin. they do that by tackling wickedly hard equations that need a lot of computer power to solve. in many ways, these computers are printing money. one bitcoin is currently worth over £25,000, or $35,000, and all these computers need a lot of energy. the unique thing about this plant is it both creates energy and mines bitcoin, so these turbines actually cre...

Singular goal: to create bitcoin. they do that by tackling wickedly hard equations that need a lot of computer power to solve. in many ways, these computers are printing money. one bitcoin is currently worth over £25,000, or $35,000, and all these computers need a lot of energy. the unique thing about this plant is it both creates energy and mines bitcoin, so these turbines actually create the energy, and then literally right next to them there are these massive bitcoining machines. that's kind of the unique selling point of company, that they do the whole thing in—house. mining bitcoin is ...