{"id":8445,"date":"2021-06-18T17:54:09","date_gmt":"2021-06-18T17:54:09","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/miami-mayor-tries-to-entice-chinas-bitcoin-miners-we-want-you-to-be-here\/"},"modified":"2021-06-18T17:54:09","modified_gmt":"2021-06-18T17:54:09","slug":"miami-mayor-tries-to-entice-chinas-bitcoin-miners-we-want-you-to-be-here","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/miami-mayor-tries-to-entice-chinas-bitcoin-miners-we-want-you-to-be-here\/","title":{"rendered":"Miami Mayor Tries to Entice China\u2019s Bitcoin Miners \u2014 \u2018We Want You to Be Here\u2019"},"content":{"rendered":"

Miami\u2019s Mayor Francis Suarez told the press on Thursday that his city was open to bitcoin miners from China who are flocking to find new homes. Suarez says he hasn\u2019t actually talked to any miners from China but said he wants them to know the opportunity is there.<\/strong><\/p>\n

Miami\u2019s Mayor Says City Is Open to Chinese Mining Operations, Touts Florida\u2019s Cheap Nuclear Power<\/h2>\n

According to an interview, Francis Suarez<\/a>, the American attorney and 43rd mayor of Miami, is inviting Chinese miners to his city to set up shop if they desire.<\/p>\n

Suarez is a fan of the cryptocurrency ecosystem, the decentralized crypto asset bitcoin (BTC)<\/a>, and he has explained that he owns BTC<\/a> as well. The Miami mayor has also said on a number of occasions that he wants the city of Miami to become a crypto hub<\/a> for entrepreneurs and builders.<\/p>\n

On Thursday, Suarez told<\/a> CNBC he\u2019s inviting Chinese miners to seek shelter in the region after the crackdown stemming from Beijing. Suarez explained that the region has an abundance of clean and cheap electricity thanks to nuclear energy.<\/p>\n

\u201cWe want to make sure that our city has an opportunity to compete,\u201d Suarez said during his interview. \u201cWe\u2019re talking to a lot of companies and just telling them, \u2018Hey, we want you to be here,\u2019\u201d the mayor added.<\/p>\n

Suarez made these statements to CNBC from the second floor of the Miami City Hall building which is located near the Turkey Point Nuclear Plant. In fact, Florida houses a great abundance of nuclear power plants all over the state.<\/p>\n

\u201cThe fact that we have nuclear power means that it\u2019s very inexpensive power,\u201d Suarez stressed during his chat with the press in Miami. According to CNBC\u2019s report, miners in Miami could obtain a rate of 10.7 cents per kilowatt-hour (kWh).<\/p>\n

<\/p>\n

At $0.11 per kWh, a Bitmain Antminer S19 Pro with 110 terahash per second (TH\/s) can get around $18.59 per day using current BTC<\/a> exchange rates. The Microbt Whatsminer M30S++ 112 TH\/s gets around $18.50 per day at $0.11 per kWh according to data from asicminervalue.com.<\/p>\n

Suarez\u2019s invitation to Chinese miners comes at a time when governments in China\u2019s provinces<\/a> are banning bitcoin mining operations<\/a>. The latest crackdown happened today, as Sichuan miners have been instructed to close shop<\/a> by June 25, 2021.<\/p>\n

\u201cWe understand how important this is\u2026 miners want to reach a certain kilowatt price per hour, and we\u2019re working with them on it,\u201d Suarez told CNBC.<\/p>\n

What do you think about Miami\u2019s mayor trying to woo Chinese miners to the city? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, 43rd mayor of Miami, bitcoin Francis Suarez, Bitcoin Miners, BTC, BTC miners, chinese miners, City of Miami, Florida, Francis Suarez, Francis Suarez bitcoin, miami miners, mining bitcoin, Mining BTC, nuclear energy, nuclear power, nuclear power plants, Sichuan miners<\/p>\n","protected":false},"excerpt":{"rendered":"

Miami\u2019s Mayor Francis Suarez told the press on Thursday that his city was open to bitcoin miners from China who are flocking to find new homes. Suarez says he hasn\u2019t actually talked to any miners from China but said he wants them to know the opportunity is there. Miami\u2019s Mayor Says City Is Open to…<\/p>\n","protected":false},"author":0,"featured_media":8446,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-8445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8445"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=8445"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8446"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}