On Tuesday, Fort Worth Mayor Mattie Parker and Fort Worth announced that the city is now the first U.S. city in the country to mine Bitcoin. Per the announcement, the city of Fort Worth has partnered with the Texas Blockchain Council to launch the crypto mining company.
The city of Fort Worth begins mining Bitcoins 24/7 with 3 ASIC machines
Starting today, the city of Fort Worth, Texas, is mining bitcoin 24 hours a day, 7 days a week in the air-conditioned data center at the Department of Information Technology Solutions at Fort Worth City Hall. This was announced by the city administration and Mayor Mattie Parker. Fort Worth officials said the miners are being hosted privately to mitigate security vulnerabilities.
Fort Worth said the Bitmain-branded S9 bitcoin mining machines were donated by the nonprofit Texas Blockchain Council. Three ASIC rigs have been donated by the Texas Blockchain Council, and if the city “achieves the goals of responsible assessment and operation of a community bitcoin mining program,” it plans to “evaluate” the program thereafter.
“As blockchain technology and cryptocurrency revolutionize the financial landscape, we aim to transform Fort Worth into a tech-friendly city,” Parker said in a statement sent to Bitcoin.com News. “Today, with the support and partnership of the Texas Blockchain Council, we are entering this world on a small scale while sending a big message – Fort Worth is where the future begins.”
The mayor of Fort Worth added:
These small but powerful machines mark Fort Worth’s greater commitment to becoming a leading center for technology and innovation.
Fort Worth’s 3 ASICs consume the same amount of energy as a household vacuum cleaner
Fort Worth’s move comes at a time when US bureaucrats and regulators have been concerned about Bitcoin mining, and some politicians have been designed invoices (NY-A.7389C / S.6486C.) to impose a moratorium on mining. Amidst the scrutiny, over the past 12 months, the crypto mining industry has become far more efficient and has had much less impact on the environment.
A recent report from the Bitcoin Mining Council shows that bitcoin’s electricity consumption dropped by 25% in Q1’s first quarter. Based on city of Forth Worth research, the three machines will use “the same amount of energy as a household vacuum cleaner.”
“The nominal amount of energy required for the program is expected to be offset by the value of bitcoins mined,” Fort Worth’s announcement explains. “By keeping the pilot program small, the city can learn about the potential impact and opportunities of Bitcoin,” the city added. Robert Sturns, Director of Economic Development at Fort Worth, stated that Texas is a pioneer in cryptocurrency and blockchain solutions.
“Texas is increasingly recognized as the world leader in bitcoin and blockchain, and Fort Worth will have a seat at that table,” Sturns noted during the announcement. “The pioneering spirit lives in Fort Worth and with this program we will attract dynamic companies that share this vision for the future.”
What do you think of Fort Worth, Texas mining Bitcoin at City Hall? Let us know what you think about this topic in the comment section below.
photo credit: Shutterstock, Pixabay, WikiCommons
Disclaimer: This article is for informational purposes only. It is not a direct offer, or a solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service, or company. 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.