I salute the mayor of Miami for this move. He must be a visionary of a man and an entrepreneur at heart. Right now, there is a big pressure from China authorities against Bitcoin miners operating on its jurisdiction and the clear message from the China government is for them to do their business elsewhere and not anymore in the country. I am sure that Miami can be a good alternative, but the biggest issue is always the cost and the availability of electricity for the mining operation. In case, Texas has the acceptable solutions for this, then it can be attracting locators all the way from the mainland China. I am happy to see some cities in the USA taking a stand and a chance with the business of Bitcoin.

As if Francis Suarez can't get likeable enough. Quite bold and brave of him to invite miners to Miami knowing that Bitcoin mining is still a really controversial business in the eyes of the masses (because wAsTe oF eLeCtRiCitY🤪).

It's actually a good move but the problem is that these companies won't be hiring local citizens for work in their company, I am sure of that but it will definitely boost the bitcoin economy in the city if this comes into fruition.

If a few miners shift to Miami and start their rigs from China then more will follow them. Such encouragement will not only help miners but also help Bitcoin. China has been banning and unbanning Bitcoin for a few years now. It is a possibility that later on they realize what a big mistake they committed when these miners move to other parts of the world.

BTW Qatar and Nigeria have the cheapest electricity in the world.

This is just a bold promise made by a politician.
Suarez is major or Miami,not governor of Florida.He can't lower the cost of electricity.
The "city's essentially unlimited supply of nuclear energy" is actually NOT unlimited,because the city and other  cities in Florida are consuming that nuclear energy.No nuclear power plant is going to offer 100% of it's energy to cryptocurrency miners.
I get that he wants to bring crypto investors/miners in Miami,but I'm pessimistic that Miami can compete with China.

Unless Miami is able to cover half the state in solar panels and somehow pay that off dirt-cheap then it simply does not compare to what they can find elsewhere. Hydro-electricity is currently one of the cheapest forms of energy production with few ongoing costs beyond construction. When China allowed it there were miners making many millions from certain dams and their costs were insignificant. Miners have so many other places to move to before they ever consider the vastly expensive US energy prices - other parts of Asia, South America or even massive solar farms within the Middle Easy would make way more sense. It is a publicity gimmick by a Mayor with little knowledge of what is required.

Miami mayor Francis Suarez is Crypto enthusiast and we all know about it.With China outrage against btc the miners are looking for other optins to migrate but they are looking for the cheap electricity option and Francis has invited them to Miami with their rig setup and promised them to lower the electricity cost from 10.7 cents per Kwh and in talks with Florida Power and Light company for the same but it's not sure whether it will be possible.He has stated that they can use unlimited nuclear energy sources for mining process which are renewable and energy efficient without any pollution.Moreover the one thing I liked about his statement was opening seperate industry zone for Bitcoin mining with other incentive like taxation relaxation, infrastructural incentives and other regulations.But despite all these he has not got any calls from miners because there is reason for that.The miners have been looking for some other options aslo as advised by Mining Rigs company to move to Texas or Kazakhstan with cheap electricity option and crypto friendly environment.But still we can see some miners accepting his proposal.

That's a bold move from the Miami mayor Suarez. When politicians are in a state of thinking about further plans on cryptocurrency usage, he has jumped in to establish it. I find him having a clear plan of implementation.

He has taken into consideration each and everything associated with the mining process. The electricity, pollution and overall his plan is not just to create mining hubs. He's much into making it a data center for all sort of professional activities associated with the cryptospace.

Yeah, I would say that this is really a bold move coming from the mayor of a major US cities. No need to tell that the Mayor is pro-bitcoin, wonder if he himself holds some personally.

But I doubt that the can offer a very cheap electricity that will make some Chinese miners to move in the US though. As I have said, the cost of living in Miami is high, so I don't know how can the mayor problem electricity that cheap. And it should be abundant source of electricity. The mayor should be lauded though for his efforts.

$10.x cents per kilowatt hour? that's not attractive for Chinese miners to simply move to Miami. It's too expensive so it's tough to break even if that is the cost of electricity.

If the Mayor is really that serious, he has to work some bargain with so that the miners might consider expatriating. But who wouldn't love the Mayor though, his pro-bitcoin and pro-crypto stance should be copy by other states.