Miami’s mayor looks to woo Chinese bitcoin miners

[titular]

Lol the power might be cheaper than china, but it's not cheap at all. 10.7 cents/kwh is expensive, and it's super inefficient to cool the servers with hot and humid miami air.
This is all fluff

I strongly disagree. Do you know how hot/muggy it can get in China. This will be a borderline vacation for them.

[TastyChillySauce00]

-snip-

Dude, maybe you want to fix your typing since your post is really hard to read, at least for me. Anyway, the electricity price has been mentioned above and there are a lot of users who claim that it is not cheap enough. If that's true, I doubt the majority of the miners would move there, even if they're protected by the law.

depends on how much profit the miners could make, if it could make at least 80% of their former profit when still residing in china then maybe that's doable but is it really big deal though when the hash power decreases due to china's crackdown of miners?
Back then people keep saying that bitcoin is too centralized since the mining power mostly coming from china, now that's not happening anymore and people are worrying about it although the mining difficulty dynamically changes based on the available hash power if I recall correctly.

[temple]

Mayor Francis Suarez told CNBC that Miami is working to lower the cost of electricity in order to entice bitcoin miners to make the move to Florida.
Suarez is looking to patriate China’s mining diaspora by promoting the city’s essentially unlimited supply of cheap nuclear energy.

That would be quite an impressive move and would show one more time why Bitcoin can't be stopped. If one country cracks down on it, another country smells an opportunity. I am quite sure China will be very carefully consider whether they really want to put unbearable burdens on their massive mining industry. I am totally convinced that should that be the case not only the US would be welcoming the Chinese mining industry by offering the right incentives.

[avikz]

Mayor Francis Suarez told CNBC that Miami is working to lower the cost of electricity in order to entice bitcoin miners to make the move to Florida.
Suarez is looking to patriate China’s mining diaspora by promoting the city’s essentially unlimited supply of cheap nuclear energy.

Lol! While it's good for bitcoin but US will again see a plethora of Chinese aliens moving into US. I am sure local Miami residents wouldn't want that to hapoen. The hate crime against Chinese Asians are already quite high and it will continue to rise.

I think Miami mayor should put some caveats to ensure the mining operations have US partners before accepting any Chinese nationals into their state. Chinese people are indeed a threat to national security of US considering the tensions happened in South China Sea in recent times.

[temple]

Mayor Francis Suarez told CNBC that Miami is working to lower the cost of electricity in order to entice bitcoin miners to make the move to Florida.
Suarez is looking to patriate China’s mining diaspora by promoting the city’s essentially unlimited supply of cheap nuclear energy.

Lol! While it's good for bitcoin but US will again see a plethora of Chinese aliens moving into US. I am sure local Miami residents wouldn't want that to hapoen. The hate crime against Chinese Asians are already quite high and it will continue to rise.

I think Miami mayor should put some caveats to ensure the mining operations have US partners before accepting any Chinese nationals into their state. Chinese people are indeed a threat to national security of US considering the tensions happened in South China Sea in recent times.

Now that China seems to be serious about their plans to shut everything down related to mining, I am quite interested to see whether the Mayor of Florida acts according to his words. It is his turn now!

I don't know the electricity prices in China, but I can imagine the difference between China and the US / Miami is quite significant. I don't know how well it would be received there if the people know that the Chinese get extremely cheap energy for their mining operations.

[7788bitcoin]

Many countries will look at the migrating miners as an opportunity to create business and in these hard times you need to create jobs and the amount of money they will be spending to maintain will bring good money to their pockets so that they could run the state and i am expecting more open invitations by other countries as well in the near future.

[Shenzou]

Mayor Francis Suarez told CNBC that Miami is working to lower the cost of electricity in order to entice bitcoin miners to make the move to Florida.
Suarez is looking to patriate China’s mining diaspora by promoting the city’s essentially unlimited supply of cheap nuclear energy.

I think that this is a great move to actually encourage people to move and start mining, but i think it is going to take more than that to make it profitable for people to move from other states and move to Florida where property is expensive just to mine bitcoin, it may provide an incentive for people who are living in Miami to start mining, or the decision its self may create enough motion or publicity to push people into investing in bitcoin.