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Miami Mayor Wants City to Become Bitcoin Mining Hub

The mayor would love Miami becoming a bitcoin mining hub to harness the city’s nuclear power capability.

Mar 29, 2021 at 10:04 a.m. UTC
Updated Sep 14, 2021 at 12:33 p.m. UTC

Miami Mayor Francis Suarez says the city should become a “clean energy” bitcoin mining hub.

  • The mayor of Miami said in an interview with Laura Shin that part of bitcoin mining’s problem is its reputation as a “dirty activity” because “90% of it is done in countries that have dirty energy.”
  • Suarez said he would love for Miami to become a bitcoin mining hub to harness the city’s nuclear power capability, “a clean energy supply that’s essentially unlimited.”
  • Solar and hydrogen-powered technology could also enter this mix in the future, Suarez said.
  • He also cited national security reasons as a motivation because there is an unease about 90% of mining being done outside of the U.S.
  • Suarez had been asked by Shin how he reconciles his interest in bitcoin with the environmental impact of mining and fighting the effects of climate change on Miami.
  • The Miami mayor proposed in February that residents be able to pay for services in bitcoin and that city employees be given the option of getting paid in it.
  • The city’s commissioners voted to study the use of crypto before proceeding.

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