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Cypher Metaverse Inc C.CODE

Cypher Metaverse Inc. is a Canada-based diversified investment company that holds cryptocurrencies and non-fungible tokens (NFTs). The Company seeks early-stage investments in emerging technology sectors, including the blockchain ecosystem, fintech and the metaverse. The Company identifies such opportunities and applies its relationships and capital to advance its interests. The Company is also involved in the business of utilizing specialized equipment to solve complex computational problems to validate transactions on the Bitcoin blockchain. The Company receives Bitcoin in return for its service. Its subsidiaries include 360 Blockchain USA Inc., and SV CryptoLab Inc.


CSE:CODE - Post by User

Post by bogdanszon Jun 21, 2021 8:44am
125 Views
Post# 33419217

Miami offers its clean nuclear power to bitcoin miners

Miami offers its clean nuclear power to bitcoin miners

Miami offers its clean nuclear power to bitcoin miners as it aims to become crypto capital of the world

In an interview with CNBC, Suarez said that Miami’s ample nuclear electricity supply should attract bitcoin miners looking to adopt clean energy sources for their operations, especially now there is a spotlight on the supposed carbon footprint of crypto mining.

He added that the city’s officials were looking to reduce the cost of energy in conjunction with the power companies. They were also discussing other incentives like favorable taxes and minimal regulations, Suarez said.

Also on rt.com Tunnel vision? Boom Bust explores Elon Musk’s idea to solve traffic congestion in Miami

According to the mayor, who is a crypto proponent and owns both bitcoin and ether, Miami may compete with other emerging mining destinations in Texas and Wyoming. Officials may also further expand Miami’s crypto adoption drive as the city looks to become the bitcoin and crypto capital of the world.

Suarez’s invitation to overseas miners comes at a time of increasing clampdowns on the industry, particularly in China. Media reported on Friday that crypto miners in Ya’an, a city in the Sichuan Province, have been ordered to shut down their operations.

For more stories on economy & finance visit RT's business section




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