TECH TRAIL

In response, Losner says he envisions a scenario by which the project incentivizes purchasing from, or even building, solar power generator plants.

“So that in the long term there is not going to be that fossil fuel impact,” he said.

The head of Redivider, Tom Frazier, also said the the type of mining process his group would use, called immersion-cooling, is more efficient.

At least one other city official is tentatively on board: Julio Guzman, a councilman and the city’s vice mayor.

“I think Homestead needs to take advantage of having some of the lowest electricity rates in the state, and we should be promoting that to attract new business,” he said. “It’s a great opportunity for us,” he added. “However, it has to make sense.”

HOW DOES BITCOIN MINING WORK?

Bitcoin “miners” are actually just computer

Ahard drives that are programmed to solve complex math problems.

The math problems are linked to verifying transactions on Bitcoin’s blockchain.

The computers race to verify the transactions on the block by solving a cryptographic puzzle.

One user has described mining as a “global, statistical gamble” to compete for Bitcoin.

AAAKNIGHT FOUNDATION INVESTS $2.25 MILLION IN CODING NONPROFIT

The Knight Foundation has announced it will invest $2.25 million in CodePath, a national nonprofit that seeks to expand diversity in computer science and engineering. The funds will provide ongoing support to students at Florida International University and launch new programs at Florida Memorial University and Miami Dade College.

Rob Wile: 305-376-3203, @rjwile