Miami Mayor Francis X Suarez has suggested cryptocurrency miners move to the Turkey Point nuclear power plant in South Florida. The push is part of its effort to attract crypto entrepreneurs to the region. The invitation comes at a time when miners are increasingly criticized for their extraordinarily high consumption of often dirty energy.
Florida Power & Light, operator of the nuclear power plant, is helping Bitcoin miners find cheap land. The mayor is looking for environmental concerns in relation to the the Wall Street newspaper To dispel: Concerns about the environmental friendliness of Bitcoins stem “from the fact that a large part of mining takes place in coal-producing (power-producing) countries”.
Critique of the environmental impact of crypto mining
Miners use huge amounts of computing power and energy to “mine” cryptocurrencies like Bitcoin. Much of it comes from “dirty” energy sources like coal. Due to the rapid increase in energy demand, crypto mining has drawn criticism from governments and experts who are increasingly concerned about its environmental impact.
Republican Suarez, meanwhile, has been trying for some time to make South Florida a place for emerging tech industries, including cryptocurrencies. While Turkey Point is technically out of its purview, the Miami mayor has de facto become a sort of spokesperson for crypto issues in the region. In the summer, Suarez launched a similar campaign with Chinese companies after China cracked down on Bitcoin farms.
Suarez’s idea is by no means new. In the United States, nuclear power operators are increasingly discovering cryptocurrency mining as an area of activity. Energy supplier Talen Energy wants to build a data center campus directly at its nuclear power plant at Susquehanna Steam Electric Station in Pennsylvania. And Energy Harbor, the operator of five US nuclear power plants, has signed a five-year supply agreement with Standard Power. It provides infrastructure for minors.
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