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.
That would be quite an impressive move and would show one more time why Bitcoin can't be stopped. If one country cracks down on it, another country smells an opportunity. I am quite sure China will be very carefully consider whether they really want to put unbearable burdens on their massive mining industry. I am totally convinced that should that be the case not only the US would be welcoming the Chinese mining industry by offering the right incentives.