Fort Worth, Texas Becomes First US City to Mine Bitcoin

Fort Worth, the fifth-largest city in Texas, is now the first city government in the United States to mine bitcoin. On Tuesday, city council leaders unanimously approved a pilot program involving three S9 Bitcoin mining machines which will run 24/7, to launch what it calls “a mining pilot program.” ‘Fort Worth is Where the Future Begins’ According to Fort Worth Mayor Mattie Parker, the machines were donated by the Texas Blockchain Council, a nonprofit association made up of crypto advocacy groups. The machines, valued at $2,100 total will operate over the next six months within the government’s IT department at city hall. “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,” said Fort Worth Mayor Mattie “Fort Worth is where the future begins.” Fort Worth’s pilot program will join a pool run by Luxor, a Bitcoin mining pool and analytics company. The mined bitcoin will be held in custody by NYDIG, which also held over $25 billion in assets at the end of last year, including some of the leading US-based banks.The post Fort Worth, Texas Becomes First US City to Mine Bitcoin first appeared on Cryptoknowmics-Crypto News and Media Platform.The post Fort Worth, Texas Becomes First US City to Mine Bitcoin appeared first on Cryptoknowmics-Crypto News and Media Platform.