Mayor Francis Suarez told CNBC that Miami is working to lower the cost of electricity in order to entice bitcoin miners to make the move to Florida.
Suarez is looking to patriate China’s mining diaspora by promoting the city’s essentially unlimited supply of cheap nuclear energy.
This is just a bold promise made by a politician.
Suarez is major or Miami,not governor of Florida.He can't lower the cost of electricity.
The "city's essentially unlimited supply of nuclear energy" is actually NOT unlimited,because the city and other cities in Florida are consuming that nuclear energy.No nuclear power plant is going to offer 100% of it's energy to cryptocurrency miners.
I get that he wants to bring crypto investors/miners in Miami,but I'm pessimistic that Miami can compete with China.