El Salvador sees greener crypto-currency mining in its future

SAN SALVADOR, Oct 15 (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.Last month, El Salvador became the first country to adopt bitcoin as legal tender alongside the U.S. dollar, which for years had served as the country’s sole official currency.Daniel Alvarez, president of the state-run Lempa …
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