Most bitcoin (BTC) is mined outside the United States using dirty energy, Miami Mayor Francis Suarez said.
Suarez discussed the environmental impact of bitcoin mining in an unconfirmed episode of a podcast on the 26th. March with crypto journalist Laura Sheen. The mayor said the US should mine more bitcoins for national security reasons.
Part of the problem with bitcoin is that 90% of it is not made in the US. 90% of it is made in countries with dirty energy. Therefore, it is considered a dirty business, Suarez said.
The official argued that the US would improve this situation by making its clean renewable energy available for bitcoin mining and data centers. We have nuclear power, so we have clean energy. The supply of clean energy is essentially unlimited, he said.
Miami could establish a bitcoin mining center as part of that national security and environmental goal, Suarez said, adding:
It would be good for the crypto community if we did more mining in the US because we produce clean energy. It will change the narrative and the dynamic, and you will start to see solar power and other types of clean technologies in the future. In my opinion, this technology will make bitcoin mining more efficient.
Suarez is known as a big supporter of the crypto-currency industry in the US. He supports many crypto currency initiatives in Miami, including proposals to have Miami residents pay their taxes and get paid in bitcoins.
The energy content of bitcoin has risen significantly this year, while bitcoin has reached a new all-time high in price, bringing arguments about the cryptocurrency’s environmental concerns back to the table. In mid-March, analysts at Bank of America claimed that bitcoin is disastrous for the environment, stating that the carbon footprint of owning one BTC is equivalent to owning 60 cars.
According to Digiconomist’s Bitcoin Energy Consumption Index, bitcoin’s energy consumption hit a record high on the 28th. A new historical record was set in March, with an annual consumption of 89.9 TWh.
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