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.
I think that this is a great move to actually encourage people to move and start mining, but i think it is going to take more than that to make it profitable for people to move from other states and move to Florida where property is expensive just to mine bitcoin, it may provide an incentive for people who are living in Miami to start mining, or the decision its self may create enough motion or publicity to push people into investing in bitcoin.