On Tuesday Fort Worth mayor Mattie Park and Fort Worth announced that they are now the first U.S. government to mine Bitcoin. The announcement stated that Fort Worth is now partnering with the Texas Blockchain Council in order to begin the crypto mining venture.
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. Mattie Parker, the mayor of Fort Worth, announced the news. Representatives from Fort Worth explained that the miners would be housed privately to reduce security risks.
Fort Worth stated that the Texas Blockchain Council, a non-profit organization, donated the Bitmain-brand S9 Bitcoin mining machines. The Texas Blockchain Council donated three ASIC rigs. If the city achieves its goals of responsibly assessing, executing, and monitoring a municipal Bitcoin mining program, it will “evaluate” the program.
“With cryptocurrency and blockchain technology revolutionizing the financial world, we want Fort Worth to become a tech-friendly community,” Parker stated in a statement to Bitcoin.com News. “Today, with Texas Blockchain Council’s support, we are stepping into the world of cryptocurrency and blockchain technology on a small scale, while sending a big message: Fort Worth is the place where the future begins .”
Fort Worth’s mayor said:
These small but powerful machines mark Fort Worth’s larger commitment to becoming a leading hub for technology and innovation.
Fort Worth’s Three ASICs Use the Same 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%. According to Forth Worth’s research, the machines will consume the same amount of energy as a household vacuum cleaner .”
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” The program will require minimal energy, which is expected to be offset in part by the bitcoin mined,” Fort Worth’s announcement states. The city explained that keeping the pilot program small allows the city to discover the potential impact and opportunities of bitcoin. Robert Sturns is Fort Worth’s director for economic development. He stated that Texas is a leader in cryptocurrency and blockchain solutions.
“HTMODE_ Texas has been increasingly recognized as a global leader in Bitcoin, blockchain and cryptocurrency, and Fort Worth will be able to have a seat at this table,” Sturns stated during the announcement. “The Fort Worth pioneering spirit is still alive and well, and this program will attract dynamic businesses that share this vision for the future .”
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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
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Jamie Redman
Jamie Redman, a journalist and financial tech expert living in Florida, is the News Lead at Bitcoin.com News. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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