Miami Mayor Francis Suarez told the press on Thursday that his city was open to bitcoin miners from China flocking to find a new home. Suarez says he hasn’t actually spoken to miners from China, but he wants them to know the opportunity is there.
Miami’s mayor says the city is open to Chinese mining operations and is promoting Florida’s cheap nuclear power
According to an interview, Francis Suarez, the American lawyer and 43rd mayor of Miami, invites Chinese miners to his city to start business there if they so wish.
Suarez is a fan of the cryptocurrency ecosystem, the decentralized crypto-asset Bitcoin (BTC), and he has stated that he also owns BTC. The Mayor of Miami has also said several times that he would like the city of Miami to become a crypto hub for entrepreneurs and builders.
Suarez told CNBC on Thursday that he was inviting Chinese miners to seek refuge in the area following Beijing crackdowns. Suarez explained that the region has an abundance of clean and cheap electricity thanks to nuclear power.
“We want to make sure that our city has the opportunity to assert itself,” said Suarez during his interview. “We talk to a lot of companies and just tell them, ‘Hey, we want you here,’” added the mayor.
Suarez made these statements to CNBC from the second floor of the Miami City Hall building, which is near the Turkey Point nuclear power plant. In fact, Florida is home to a great abundance of nuclear power plants across the state.
“The fact that we have nuclear power means that electricity is very cheap,” Suarez said during his conversation with the press in Miami. According to the CNBC report, miners in Miami could get a tariff of 10.7 cents per kilowatt hour (kWh).
At $ 0.11 per kWh, a Bitmain Antminer S19 Pro at 110 Terahash per second (TH / s) can make around $ 18.59 per day using current BTC exchange rates. According to data from asicminervalue.com, the Microbt Whatsminer M30S ++ 112 TH / s gets around 18.50 US dollars per day at 0.11 US dollars per kWh.
Suarez’s invitation to Chinese miners comes at a time when governments in China’s provinces are banning bitcoin mining. The latest raid took place today as Sichuan miners were ordered to close their businesses until June 25, 2021.
“We understand how important this is … miners want to get a certain kilowatt rate per hour, and we’re working with them on it,” Suarez told CNBC.
What do you think of the mayor of Miami trying to attract Chinese miners to the city? Let us know what you think on this matter in the comments below.
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