El Salvador will have its first private solar-powered Bitcoin mining farm – DiarioBitcoin

El Salvador will have its first private solar-powered Bitcoin mining farm - DiarioBitcoin

El Salvador will have its first private solar-powered Bitcoin mining farm - DiarioBitcoin By DailyBitcoin Editor

The first private mining farm will be located in the north of El Salvador Bitcoin of that country, which will operate with solar energy.

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  • El Salvador will have a private Bitcoin mining farm
  • The mine will operate with solar energy
  • It will be located in the department of Chalatenango, in the north of the country.

Even though the adoption of Bitcoin in El Salvador it has had a lot of criticism, especially after the fall in prices of cryptocurrencies and due to the delay of bonds Bitcoin that would give the budget to mine BTC in the country with volcanic energy, crypto projects continue to be born in the nation.

This time it is a particular initiative in the canton of El Gavilán, Nueva Concepción, in the department of Chalatenango, in the north of El Salvador. This is the creation of the first private Bitcoin mining farm in the country, which will operate with solar energy.

The project “Anchor I”which is carried out by a Swiss consortium, plans to build a 6 megawatt (MW) photovoltaic solar power plant through which cryptocurrencies will be mined taking advantage of renewable natural resources.

The leader of the project is Salvadoran Josué López, who returned to his native country to invest in it.

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This week the first stone of the photovoltaic plant was laid, with the presence of the Ambassador of El Salvador in the United States, Milena Mayorga, an enthusiast of projects related to Bitcoin.

She reported in Twitter that the renewable energy park has an initial investment of USD $15 million, but the total cost amounts to USD $200 million.

Private investment

“Perhaps this is the private investment ever recorded in Nueva Concepción, Chalatenango”added Mayorga, who also said in the thread of Twitter that will expand the generation of mini-hydros in other parts of the country together with the Executive Hydroelectric Commission of the Lempa River (CEL).

The deputy of the Central American Parliament, Cecilia Rivera, also present at the announcement of the project, commented on Twitter on the value of private investment:

He made special emphasis on the American investors Stacy Herber and Max Keizer, who manage the investment fund The Zonte Capitalparticipated in this project as partners and have also helped ventures in El Zonte for USD $150 million:

Sources: Twitter, Bitcoin Archive, File, Archive

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WARNING: This is an informative article. DiarioBitcoin is a means of communication, it does not promote, endorse or recommend any investment in particular. It is worth noting that investments in crypto assets are not regulated in some countries. May not be suitable for retail investors as the full amount invested could be lost. Check the laws of your country before investing.

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