In the north of El Salvador, in the Department of Chalatenango, the first private bitcoin mining farm will be carried out, which includes the construction of a 6 megawatt (MW) photovoltaic solar power plant to generate digital currencies using inexhaustible natural resources.

In an act carried out recently, the first stone was laid for the construction of the photovoltaic plant that will provide energy to the bitcoin mining farm, which will be located in the El Gavilán canton, Nueva Concepción, in Chalatenango. The project called Anchor I will be executed by a Swiss consortium that will be directed by Josué López.

The event was attended by Milena Mayorga, ambassador of El Salvador in the United States, who explained, through a Twitter social network account, “the renewable energy park has an initial investment of USD 4 million, although the projection of the first stage will amount to USD 15 million.”

Supporting local entrepreneurship

The Anchor I project is the most important private investment that has been registered in Nueva Concepción, Chalatenango. According to Mayorga, the amount invested in the area amounts to 200 million dollars in bitcoin.

For her part, the deputy of the Central American Parliament, Cecilia Rivera, stressed that the Executive Hydroelectric Commission of the Lempa River (CEL) will maintain agreements with the bitcoin mining consortium with the purpose of “building power generators in minihydros to expand power generation of the area while planning a hydroelectric plant in Nueva Concepción.”

Additionally, the parliamentarian indicated that the administrators of the investment fund El Zonte Capital will also support the venture in the area, who gave 150 thousand dollars to the inhabitants of Nueva Concepción to support the ventures through the Chivo Wallet.

M. Rodríguez

Click the link to subscribe free to our news and media group on Telegram: https://t.me/G_ELSUMARIO_News

Source: xataka.com

La entrada El Salvador will mine bitcoin with solar energy apareció primero en Bitfinance.

The Japanese car manufacturing company Toyota announced that from March 22 to 31 it will halt production of one of its domestic lines as a result of a shortage of chips, which could be a new blow to its manufacturing.

The decision was published through a statement in which the company indicates that one of the “two production lines of its Fujimatsu plant, in the center of the archipelago, will remain stopped”. They stressed that the recent and repeated production adjustments are consequence of the “shortage of component” derived from the Covid-19 pandemic”.

The Japanese car manufacturer made the announcement just one day after the production stoppage was known, until further notice, at the facilities located in the Chinese city of Changchun, where a new epidemic outbreak was discovered last Friday that forced the authorities to order the confinement of the 9 million people who inhabit the city.

Toyota to reduce production from April

The production of the Japanese manufacturer has been quite affected by the constant epidemiological outbreaks in Asian countries that have impacted the “component supply chain, especially semiconductors.”

Another factor that impacted the company’s production was the cyberattack to one of its suppliers that affected the platform for ordering and delivering components that forced the company to close all its national plants on March 1st. Since January the company has intermittently suspended production on several of its 28 production lines at 14 plants located in Japan and abroad.

The company informed its suppliers of the decision to cut planned national production by 20%, starting in April, in order to support suppliers that are experiencing difficulties. However, the company plans to produce 11 million vehicles until March 2023.

M. Rodríguez

Source: 800noticias.com

La entrada Toyota halts production due to chip shortage apareció primero en Bitfinance.