Mayor Francis Suarez continues to advocate for Miami to turn out to be a Bitcoin mining hub. His pitch focuses on a local nuclear energy plant owned by Florida Energy & Gentle Co. Many Bitcoiner’s see nuclear and hydropower as integral paths ahead for environmentally sound Bitcoin Nuclear mining Hub.
Mayor Suarez informed the Wall Street Journal that considerations about Bitcoin’s environmental impact “come from the truth that lots of the mining were being done in coal-producing countries.”
Nuclear energy plants are generally situated away from populated areas, reducing the opportunity cost for Bitcoin miners, who require solely an web connection to maneuver the financial vitality for inconsequential charges.
“The fact that we have nuclear energy signifies that it is very cheap energy,” Suarez told CNBC in June. “We understand how essential that is miners need to get to a sure kilowatt price per hour.”
Earlier this month Miami Mayor Francis Suarez gave a speech at the Bitmain Digital Mining Convention where he strongly advocated for the adoption of revolutionary tech in Miami.
Mayor Suarez has used Bitcoin to give Miami the aura of something like a nascent Silicon Valley. Notably, the mayor made Miami the second government on the planet, and the primary in North America to host Satoshi’s White Paper on its government website.
Suarez concluded his speech by challenging the viewers to “Go on the market and choose the following President of the US to be a pro-Bitcoin president.”
Bill Orlove, spokesman for Florida Power & Light said, “We stay up for supporting the continued innovation and progress these corporations bring.”