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El Salvador is set to use wide range of renewable energy for crypto-currency mining, country’s Hydroelectric Commission says

“The possibilities are endless here, it’s just about willpower and that we have the means and the ability to start these projects,” Daniel Alvarez, president of the state-run Lempa River Hydroelectric Executive Commission (CEL) revealed on Friday, stating that El Salvador has resources to generate electricity for the mining process …

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Crypto-friendly El Salvador mines first bitcoin with energy from volcanoes

The mining operation, run by the state-controlled energy company LaGeo SA de CV, managed to generate 0.00599179 bitcoin, or about $269, using geothermal power from volcanoes, Bukele tweeted. Earlier this week, the president shared on Twitter a video of government-branded shipping containers carrying digital-currency miners to an energy facility in …

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Bitcoin crashes after China rules all crypto-related transactions illegal

The regulator announced plans to bar financial institutions, payment companies and internet firms from facilitating cryptocurrency trading, as well as to strengthen monitoring of risks from such activities. “Overseas virtual currency exchanges that use the internet to offer services to domestic residents is also considered illegal financial activity,” the PBOC …

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