Miami Mayor wants to turn the city into a bitcoin and other cryptocurrencies mining hub with clean energy
Miami Mayor Francis Suarez has the ambition to transform the city into a bitcoin (BTC) and other cryptocurrencies mining center using clean energy. The politician was interviewed by journalist Laura Shin, presenter of the Unchained Podcast this past Sunday (28). According to him, cryptocurrencies are considered harmful to the planet because most of its mining occurs in countries that use polluting energy.
Suarez’s speech beckons to bitcoin critics and environmental activists. Digital currency mining demands a lot of electricity and, according to the Cambridge Bitcoin Electricity Consumption Index (CBECI), China is responsible for 65% of all activity in the world. The Asian country attracts miners from all over the planet for its supply of cheap energy, the result of using coal as an energy source in thermoelectric plants.
Miami Mayor Francis Suarez. Source : Joe Raedle/Getty Images
“We have the ability to provide clean energy to Bitcoin mining facilities and data centers. It would be beneficial for the crypto community if we did more mining in the United States, because we produce clean energy. This would change the narrative and the dynamics. Also, in the future we will have the availability of solar energy and other types of sustainable technologies. In my opinion, this will make bitcoin mining more efficient, ” said Suarez.
According to the mayor, more than 90% of the mining activity is carried out outside the United States, which for him can be reversed. The Chinese government itself is not happy with its current dominance in bitcoin mining.
Recently, Inner Mongolia district authorities began to close bitcoin mining facilities in order to meet energy targets. China may attract miners for its cheap energy, but that has never been in the Chinese government’s plans. Suarez opposes the measures taken in Mongolia. He seeks to make Miami a bitcoin mining center, calling miners from around the world to his city, while regions of China are seeking to expel them.
The mayor is confident that the migration of miners to Miami will not become a problem. The current nuclear power supply could supply the demand for the activity without polluting the air, unlike what occurs in China. For Suarez, the benefit would come to the city, to the United States and to the whole world once the energy matrix was replaced by a non-polluting one.
With informations: CoinDesk and Tecnoblog