Miami Mayor Advocates For Bitcoin Nuclear Mining Hub

  • Mayor Francis Suarez continues to advocate for Miami to become a Bitcoin mining hub.
  • His pitch focuses on a local nuclear-power plant owned by Florida Power & Light Co.
  • Many Bitcoiner’s see nuclear and hydro power as integral paths forward for environmentally sound Bitcoin mining.

Mayor Suarez told the Wall Street Journal that concerns about Bitcoin’s environmental impact “come from the fact that a lot of the mining was being done in coal-producing countries.”

Nuclear power plants are generally located away from populated areas, lowering the opportunity cost for Bitcoin miners, who require only an internet connection to move the monetary energy for inconsequential fees.

“The fact that we have nuclear power means that it’s very inexpensive power,” Suarez told CNBC in June. “We understand how important this is … miners want to get to a certain kilowatt price per hour.”

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