Miami Mayor Francis Suarez said the city welcomes Chinese Bitcoin miners as a new home for Bitcoin mining, CNBC said Thursday.
“Hey, we want you to be here,” Mayor Suarez and one of the friendliest encryption politicians in the United States accepted an interview with CNBC on Thursday. mining.
As China’s regulators stretch domestic Bitcoin mine and illegal due to energy production activities, many Chinese Bitcoin miners will inevitably move out of China. It is estimated that more than 50% of Bitcoin miners come from China. According to CNBC coverage, Texas could be one of the service destinations among low-cost power supply and encryption-friendly states in the United States
Bitcoin mining requires stable Internet connections and high-efficiency processors to support this energy-intensive and very high need demanding process. According to Suarez, Miami enjoys nuclear power as a clean and affordable source of energy, hoping the city will attract more investment and create more jobs.
“We understand how important this is … miners want to get a certain price per kilowatt hour. And so we work with them on that; we want to make sure our city has a chance to compete,”
Suarez stressed that he has not received personal calls from Chinese BTC miners, and admits that his ambition cannot be achieved overnight. Still, he is optimistic and believes the city can meet the needs of Bitcoin miners by promoting its unlimited and cheap nuclear power plant.
His administration is also considering a number of incentives to develop cryptographic mining, including the establishment of business zones with tax breaks, infrastructure incentives, and reduced regulations for cryptographic mining.
Nuclear power dominates the second largest source of natural gas after electricity generation in the state of Florida. Miami is already negotiating with state-owned companies to lower energy prices.
Similarly, El Salvador is considering a the power of the volcano an energy production system to address the issue of energy sustainability, as the Central American country became the first country to adopt Bitcoin as a fixed currency.
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