May 17, 2022

90% of Bitcoin mining comes from ‘dirty energy,’ Miami mayor says

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The majority of Bitcoin (BTC) is mined outside of the United States using “dirty energy,” Miami Mayor Francis Suarez has claimed.

Suarez discussed the environmental implications of Bitcoin mining in a March 26 episode of the Unconfirmed podcast with cryptocurrency journalist Laura Shin. The mayor said that the U.S. should mine more Bitcoin for to national security reasons.

“A part of the problem with Bitcoin is 90% of it is not done in the United States. 90% of it is done in countries that have dirty energy. So that’s the reason why it’s considered to be a dirty activity,” Suarez stated. 

The official argued that the U.S. would improve this situation by providing its renewable clean energy supply to Bitcoin mining centers and data centers. “We get nuclear power, so we have clean energy. A clean energy supply that’s essentially unlimited,” he said.

Miami could set up a Bitcoin mining hub as part of this national security/environmental conservation goal, Suarez said, adding:

“It would be to benefit the crypto community if we did more mining in the U.S. because we produce clean energy so it would change that narrative and that dynamic and also in the futureTitle: 90% of Bitcoin mining comes from ‘dirty energy,’ Miami mayor says
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Published Date: Mon, 29 Mar 2021 10:42:37 +0100