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Fort Worth Is Mining Bitcoin in City Hall, Mayor Wants to Transform Region Into a Tech-Friendly City

News Feed - 2022-04-27 05:04:42

Fort Worth Is Mining Bitcoin in City Hall, Mayor Wants to Transform Region Into a Tech-Friendly City


On Tuesday, Fort Worth mayor Mattie Parker and Fort Worth revealed that the city is now the first U.S. city government in the country to mine bitcoin. According to the announcement, the city of Fort Worth has partnered with the Texas Blockchain Council to embark on the crypto mining endeavor. The City of Fort Worth Begins to Mine Bitcoins 24/7 With 3 ASIC Machines


Starting today, the city of Fort Worth in Texas is now mining bitcoin 24/7 at the climate-controlled Information Technology Solutions Department Data Center located at Fort Worth City Hall. The news was announced by the city government and mayor Mattie Parker. The Fort Worth government representatives explained that the miners will be hosted privately in order to curb security vulnerabilities.



Fort Worth said the Bitmain-brand S9 bitcoin mining machines were donated by the nonprofit association, the Texas Blockchain Council. Three ASIC rigs were donated by the Texas Blockchain Council and if the city “achieves the goals of responsibly assessing and executing a municipal bitcoin mining program,” it plans to “evaluate the program” afterward.


“With blockchain technology and cryptocurrency revolutionizing the financial landscape, we want to transform Fort Worth into a tech-friendly city” Parker explained in a statement sent to Bitcoin.com News. “Today, with the support and partnership of Texas Blockchain Council, we’re stepping into that world on a small scale while sending a big message – Fort Worth is where the future begins.”


Fort Worth’s mayor added: These small but powerful machines mark Fort Worth’s larger commitment to becoming a leading hub for technology and innovation. Fort Worth’s 3 ASICs Will Use the Same Amount of Energy as a Household Vacuum Cleaner


Fort Worth’s move comes at a time when U.S. bureaucrats and regulators have been concerned about bitcoin mining and some politicians have drafted bills (NY-A.7389C / S.6486C.) to impose a moratorium on mining. Amid the scrutiny, the crypto mining industry has become far more efficient and has had a lot less impact on the environment during the last 12 months.


A recently published report written by the Bitcoin Mining Council shows that Bitcoin’s electrical consumption during the first quarter of Q1 dropped 25%. Based on the research done by the city of Forth Worth, the three machines will use the “same amount of energy as a household vacuum cleaner.”


“The nominal amount of energy needed for the program is expected to be offset by the value of bitcoin mined,” the Fort Worth announcement explains. “Keeping the pilot program small enables the city to learn the potential impact and opportunities for bitcoin,” the city added. Robert Sturns, Fort Worth’s director of economic development detailed that Texas is a pioneer when it comes to cryptocurrency and blockchain solutions.


“Texas is increasingly being recognized as the global leader in Bitcoin and blockchain, and Fort Worth will have a seat at that table,” Sturns remarked during the announcement. “The pioneering spirit is alive and well in Fort Worth, and with this program, we will attract dynamic companies that share in this vision for the future.” Tags in this story 3 ASICs, Bitcoin mining, Bitcoin Mining Council, BTC Mining, Bureaucrats, crypto mining, director of economic development, Fort Worth, Fort Worth Bitcoin, Fort Worth mining announcement, Mattie Parker, mayor Mattie Parker, Mining BTC, Q1, Regulators, Robert Sturns, Texas, Texas Blockchain Council


What do you think about Fort Worth Texas mining bitcoin in the City Hall? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Bitcoin Miner Cleanspark Secures $35 Million in Financing from Trinity Capital MINING | 5 hours ago Report: Compass to Sell $30 Million in Crypto Mining Equipment Located in Russia MINING | 2 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBitcoin Miner Cleanspark Secures $35 Million in Financing from Trinity Capital Next articleSouth Korean Music Sharing Platform Registers NFT Music Theft Prevention Patent Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItUAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse


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