El Salvador sees greener crypto-currency mining in its future


A banner that reads: "We accept Chivo and Bitcoin" is seen outside a bussines in Antiguo Cuscatlan, El Salvador, September 17, 2021. REUTERS/Jose Cabezas/Files

SAN SALVADOR (Reuters) - El Salvador's unfolding experiment as a first-adopter of the crytocurrency bitcoin could be increasingly powered by new streams of renewable energy, the chief of the country's hydroelectric commission told reporters on Friday.

Energy-intensive cryptocurrency "mining" is done by computers, and has come under criticism from environmentalists as a big source of demand for mostly fossil fuel derived electricity.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read