The municipal building runs the S9 ant mining machine! Fort Worth, Texas launches Bitcoin mining pilot program

Fort Worth, the sixth-largest city in Texas, has launched a Bitcoin mining pilot program in partnership with the Texas Blockchain Commission, and Fort Worth Mayor Mattie Parker said: “We will be the first in the world to be on-site at the city hall.” Cities where bitcoin mining takes place.

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At a city council meeting on the 26th, Fort Worth approved a resolution to run three Antminer S9 machines donated by the Texas Blockchain Commission in the city building, aiming to make Fort Worth a technology leader. Fort Worth is positioning itself as the bitcoin mining capital of Texas, and the entire state has established itself as the bitcoin mining capital of the world, said Lee Bratcher, chairman and founder of the Texas Blockchain Council.

Mattie Parker said it’s a very small opportunity for Fort Worth, but it could lead to a huge return on investment.

According to Fort Worth estimates, each Bitcoin miner will use the same energy as a household vacuum cleaner, and the mining cost is expected to be offset by the cryptocurrency. The three AntminerS9 are expected to mine about 0.06 Bitcoin per year, converted at current value., about $2,300.

Fort Worth expects to begin evaluating the program six months later, beginning in October, to understand the potential impact and opportunities of bitcoin, after which it will be based on the amount of bitcoin mined, the amount of energy used and the public perception of the technology in Fort Worth. and cryptocurrency awareness to consider the following directions, including the evolution and prospects of cryptocurrencies, what gaps may exist in current laws and regulations, and how governments and municipalities can interact on encryption technology.

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However, even though Fort Worth’s policies support mining, citizens don’t necessarily pay for it. Some citizens, citing environmental and legal issues, believe that the city government’s plan is a Ponzi scheme, and Bitcoin mining should not be the city’s goal, “This city does not need to recognize or accept blockchain, Bitcoin or any currency other than the U.S. dollar.”

Texas has become one of the major mining areas in the world after the removal of mining companies from China. Texas is very active in amending laws and legislation and welcomes miners to enter.


Post time: May-09-2022