Francis Suarez, mayor of Miami, United States, declared that his vision is to turn the city into a Bitcoin mining center that runs on clean energy, so that the future of cryptocurrency is environmentally friendly and protects the planet.
During an interview with crypto journalist, Laura Shin, the mayor of the city of Miami, Francis Suárez, pointed out that about 90% of the energy it consumes Bitcoin (BTC), the net blockchain The largest and most powerful industry, it is dirty energy, which comes from countries with traditional electricity sources that pollute the planet.
Suarez, who is a big proponent of Bitcoin and the cryptocurrencies, , who plans to pay his workers with this cryptocurrency and invest part of the city's treasury in BTC, says he is focused on making Miami a true Bitcoin mining center, powered by clean energy to protect the network and the planet. Suarez's idea is to ensure the permanence of Bitcoin in the future, while guaranteeing the care of the environment and the planet.
The mayor of the city also expressed great confidence in the city's potential to generate clean energy, as it has several floating solar energy platforms and other innovations that allow for cheaper, more accessible and cleaner energy.
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More clean energy to mine bitcoins
During the interview, Francis Suarez stated that Miami has the capacity to generate enough clean energy to supply cryptocurrency mining companies, and to open new Bitcoin mining centers that reinforce the leadership of the United States within this growing industry, without affecting the environment or causing deficits for the population.
“We have the ability to supply clean energy to Bitcoin mining and data centers. It would be beneficial to the crypto community if we did more mining in the US.”
The mayor of Miami stated that new sources of energy, such as hydro, solar, wind and geothermal, which replace traditional and highly polluting sources, will make Bitcoin not only the most important and powerful blockchain network, but also the most efficient. Producing clean energy will change the dynamics and perception that some have about Bitcoin, which relates the cryptocurrency as a network that causes great harm to the planet due to its energy consumption.
As we have previously discussed on Bit2Me News, Bitcoin consumes less than 0,5% of global energy that is consumed annually, according to data from the International Energy Agency (IEA). Still, Bitcoin mining equipment manufacturers and mining companies are looking for new alternatives to significantly reduce energy expenditure, making Bitcoin mining a highly profitable and environmentally friendly activity. Recently, the company Highwire Energy Partners, located in the state of Wyoming, revealed that it has been taking advantage of natural gas wasted by natural gas extraction companies operating in the state to mine bitcoins cheaply and efficiently.
Also, companies like gazpromneft, Upstream Data y Crusoe Energy Systems They are connecting their Bitcoin mining farms with oil exploitation sites, in order to take advantage of the residual derivatives produced by this activity and transform it into clean and useful energy for BTC mining.
Green finance, a topic at the virtual summit of regulators
In addition to Wall Street investors interested in the energy sources that support Bitcoin mining, U.S. and European Union regulators discussed the issue at a recent virtual summit.
The United States Department of the Treasury revealed that one of the main topics discussed at the virtual summit was green finance.
At press time, Bitcoin has a hash rate de 166,4 PE/s, one of the highest in the network, which provides a high level of security and robustness to BTC. Finally, the cryptocurrency is trading at a value of $58.300, showing a growth of more than 5% in the last hours, and a market capitalization above 1,08 billion dollars.
These values have made Bitcoin mining a highly profitable activity, which so far this month has generated revenues of more than 1.620 billion dollars.
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