Miami Mayor Francis Suarez said: CNBC The gates of his city are open to Chinese bitcoin miners who have recently faced a crackdown from officials in their home country.
“We want to make sure our city has a chance to compete,” Suarez told CNBC. “We talk to a lot of companies and we just say to them, ‘Hey, we want you to be here. “
Suarez, a prominent supporter of Bitcoin has publicly announced that he is bears the originalIt has taken deliberate measures to make Miami one step ahead of other American cities by integrating Bitcoin and other disruptive technologies into the city’s operations. As a result, his city can already be considered a hotbed of the most important cryptocurrency – Miami Website Hosting the Bitcoin White PaperThe city held the largest Bitcoin conference ever. Bitcoin 2021, in advance this month. In addition, Miami residents may soon be able to Pay taxes with bitcoin.
Suarez is now seeking to bring the most important Bitcoin industry to his city. Although he claims to have not personally received calls from Chinese miners, the mayor wants to tap Miami’s supply of clean and cheap nuclear power.
“The fact that we have nuclear power means that it is very inexpensive,” the mayor said. “We understand how important this is…miners want to get to a certain price per kilowatt-hour. So we are working with them on that.”
Nuclear power is one of Florida’s largest power generators, second only to natural gas, according to CNBC. The mayor is looking for ways to cut energy costs even further. According to the report, Suarez is “already in talks with Florida Power & Light Company to find out how to lower the price of energy further.”
Moreover, the mayor is also said to be considering creating areas specifically established for bitcoin mining. Corporate activities in such areas will reap the benefits of special tax concessions, infrastructure incentives, and reduced regulations. The hope is that these project areas will further encourage miners to move to Miami and stimulate job creation and investment.
Suarez is targeting Chinese miners due to the delicate situation they are currently facing. Since the Chinese State Council issued a file statement By announcing that the government would crack down on bitcoin mining, the industry faced some challenges.
For example, bitcoin miners in Xinjiang province, which is home to one of the country’s major economic and technological development parks, received a notice last week demanding that their operations be close. Zhundong Park houses some of the most important bitcoin mining facilities in China, all powered by fossil fuel energy.
If These Bitcoin Mining Moves To Miami, Not Only Bitcoin’s Carbon Footprint reduced Due to the American city’s nuclear power source, but it will also start another step forward Bitcoin mining decentralization. And while Miami’s ability to host many bitcoin mining farms has yet to be proven, Suarez is optimistic and is taking important steps for this move to become a reality.