Categories: Ethereum

The Mayor of Miami proposes providing clean nuclear power to the Chinese bitcoin miners

Mayor Francis Suarez plans to turn Miami into a bitcoin mining hub by supplying the city with cheap, clean nuclear power.

Given the increasing concentration of Bitcoin (BTC) mining in North America, Miami Mayor Francis Suarez wants to position his city as a hub for cryptocurrency mining.

Speaking to CNBC on Thursday, Mayor Suarez said he was inviting foreign miners to consider setting up data centers in the city.

Suarez said Miami’s abundant nuclear power supply will appeal to bitcoin miners who want to use clean energy sources to run their operations, especially given the current climate focus, carbon emissions are being attributed to cryptocurrency mining.

Mayor Suarez previously commented on the issue, stating in March that 90% of Bitcoin mining comes from “dirty energy.”

At the time, the Mayor of Miami argued that shifting the mining focus to the United States could help alleviate environmental concerns.

As part of efforts to attract bitcoin miners overseas, Mayor Suarez announced that city officials are looking for ways to cut energy bills related to electricity companies. Other incentives such as cheap taxes and minimum regulations are also on the table, said the Mayor of Miami.

By using clean, cheap energy and crypto-friendly regulations, Miami can compete with other emerging mining locations in Texas and Wyoming.

The plan could also add further momentum to Miami’s crypto adoption as the city seeks to become the bitcoin and crypto capital of the world.

Mayor Suarez himself is a proponent of the cryptocurrency and has previously said that he owns both Bitcoin and Ether (ETH). The Mayor of Miami bought BTC after Congress passed a $ 1.9 trillion stimulus bill in March.

Suarez’s open invitation to foreign miners also comes at a time when Chinese authorities are tightening their controls over cryptocurrency mining. Reports surfaced Friday that cryptocurrency miners in Ya’an, a city in Sichuan province, had been ordered to cease operations.

Given the seemingly pervasive anti-cryptocurrency sentiment among Beijing authorities, a friendlier climate like Miami could prove attractive to miners leaving China. In fact, some miners are considering plans to leave the country with a BTC.top spokesperson.