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.
$10.x cents per kilowatt hour? that's not attractive for Chinese miners to simply move to Miami. It's too expensive so it's tough to break even if that is the cost of electricity.
If the Mayor is really that serious, he has to work some bargain with so that the miners might consider expatriating. But who wouldn't love the Mayor though, his pro-bitcoin and pro-crypto stance should be copy by other states.