Miami Mayor Francis Suarez making an attempt to win over Chinese language bitcoin miners
Mining is the energy-intensive course of which each creates new cash and updates the digital ledger of all transactions of current tokens. Greater than half of all miners are presently primarily based in China, however a mass exodus is already underway. The place they’re going, nonetheless, isn’t but clear.
Whereas Suarez advised CNBC he hasn’t personally obtained any calls from Chinese language miners, the mayor is seeking to patriate this mining diaspora by selling town’s primarily limitless provide of low cost nuclear power.
“We need to be sure that our metropolis has a chance to compete,” he mentioned. “We’re speaking to quite a lot of corporations and simply telling them, ‘Hey, we would like you to be right here,’” he mentioned.
Bitcoin miners are location agnostic; all they want is a rig and a very good web…