MiamiCoin: Mayor Claims City Earned $2,000 Every 10 Minutes
Miami Mayor Francis Suarez has been a vocal proponent of MiamiCoin, a city-specific cryptocurrency, and its potential to fund municipal projects. Recent reports highlight Suarez\'s claims of significant revenue generation for the city through this innovative approach.
22 de sept. de 2025: Francis Suarez, Miami\'s Mayor, has been praising the success of a recent plan to fund municipal projects with the proceeds of a city-specific crypto protocol. He believes MiamiCoin is a game-changer for city funding.
According to Suarez, 21 de sept. de 2025, the initiative has been remarkably successful. He\'s been celebrating the success of this recent initiative to fund municipal projects through the proceeds of a city-specific crypto protocol built on the Stacks blockchain.
The key claim revolves around the speed at which MiamiCoin generates revenue. As reported, "MiamiCoin generated $2K every 10 minutes for the city, says mayor" (Liam Frost, one week ago). This impressive rate, if sustained, could provide a substantial boost to Miami\'s budget.
In an interview on Fox, 21 de sept. de 2025 (En una entrevista con Fox el lunes, el alcalde Suárez confirmó la cifra aproximada, afirmando que los ingresos de la minería generaban más de USD 2,000 cada 10), Mayor Suarez confirmed the approximate amount, stating that mining revenue generated over $2,000 every 10 minutes. 21 de sept. de 2025 (Em uma entrevista à Fox na segunda-feira, o prefeito Suarez confirmou o valor aproximado, afirmando que os rendimentos da mineração geraram mais de US$ 2.000 a).
However, it\'s important to understand how MiamiCoin mining works. Only one lucky bidder, or “miner,” can get MiamiCoins every 10 minutes; losers get nothing but the feeling of having lost their Stacks. This competitive mining process contributes to the flow of funds to the city\'s designated wallet.
While the initial reports are promising, the long-term sustainability and volatility of cryptocurrency markets are factors to consider. The future of MiamiCoin and its impact on the city\'s finances remain to be seen.