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.
Miami mayor Francis Suarez is Crypto enthusiast and we all know about it.With China outrage against btc the miners are looking for other optins to migrate but they are looking for the cheap electricity option and Francis has invited them to Miami with their rig setup and promised them to lower the electricity cost from 10.7 cents per Kwh and in talks with Florida Power and Light company for the same but it's not sure whether it will be possible.He has stated that they can use unlimited nuclear energy sources for mining process which are renewable and energy efficient without any pollution.Moreover the one thing I liked about his statement was opening seperate industry zone for Bitcoin mining with other incentive like taxation relaxation, infrastructural incentives and other regulations.But despite all these he has not got any calls from miners because there is reason for that.The miners have been looking for some other options aslo as advised by Mining Rigs company to move to Texas or Kazakhstan with cheap electricity option and crypto friendly environment.But still we can see some miners accepting his proposal.