Miami Mayor Advocates For Bitcoin Nuclear Mining Hub
"The fact that we have nuclear power means that it's very inexpensive power," Suarez said.Mayor Francis Suarez continues to advocate for Miami to become a Bitcoin mining hub.His pitch focuses on a local nuclear-power plant owned by Florida Power & Light Co. Many Bitcoiner’s see nuclear and hydro power as integral paths forward for environmentally sound Bitcoin mining. Mayor Suarez told the Wall Street Journal that concerns about Bitcoin’s environmental impact “come from the fact that a lot of the mining was being done in coal-producing countries.” Nuclear power plants are generally located....
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Mayor Francis Suarez wants to make Miami a Bitcoin mining hub by offering the city’s cheap, clean nuclear energy supply. With Bitcoin (BTC) mining concentration expanding in North America, Miami mayor Francis Suarez is looking to position his city as a hub for crypto mining activity.Speaking to CNBC on Thursday, Mayor Suarez said he is inviting foreign mining companies to consider establishing data centers in the city.According to Suarez, Miami’s ample nuclear electricity supply should attract Bitcoin miners looking to adopt clean energy sources for their operations, especially amid the....
Miami Mayor Francis Suarez said his city could offer cheap, nuclear energy to Chinese miners who face harsh regulation.
The U.S. should address the environmental problems of Bitcoin mining by providing its clean energy to set up mining hubs, Mayor Francis Suarez said. The majority of Bitcoin (BTC) is mined outside of the United States using “dirty energy,” Miami Mayor Francis Suarez has claimed.Suarez discussed the environmental implications of Bitcoin mining in a March 26 episode of the Unconfirmed podcast with cryptocurrency journalist Laura Shin. The mayor said that the U.S. should mine more Bitcoin for to national security reasons.“A part of the problem with Bitcoin is 90% of it is not done in the....
Miami Mayor Francis Suarez is exploring putting a percentage of his city’s treasury reserves in bitcoin. Miami is currently working on accepting the cryptocurrency as a means of payment for city services and taxes. The mayor believes that “Bitcoin has been a stable investment during an incredibly unstable year.” Miami Could Invest Some of City’s Treasury Reserves in Bitcoin Francis Suarez, the mayor of the U.S. city of Miami, Florida, has been discussing with the crypto community about putting a small percentage of the city’s treasury reserves in bitcoin. The....
The Miami Mayor is on a mission to bring his city forward into a brighter, bitcoin-powered future.