Fort Worth, the first US city in Bitcoin mining

The city of Fort Worth, Texas is getting into the Bitcoin mining business in an effort to position itself as a leader in the cryptocurrency industry. The city will carry out a trial period of half a year to gain knowledge of the industry and position itself as a major mining center.

First city in the United States to mine Bitcoins

The fifth largest city in Texas, Fort Worth, will be the first in the United States to start mining Bitcoin (BTC) as part of a new pilot project. yesterday Tuesday, the city council unanimously authorized the plan as part of a larger package of crypto-friendly activities.

It has partnered with the Texas Blockchain Council (TBC), an advocate for blockchain technology in the state, for the program. TBC donated three Bitmain Antminer S9 Bitcoin mining rigs worth $2,100 to the city.

Fort Worth will host the platforms in a climate-controlled environment within the Department of Information Technology Solutions Data Center at Fort Worth City Hall, where they will be connected via a private network to avoid security risks.

“These small but mighty machines mark Fort Worth’s further commitment to becoming a leading hub for technology and innovation.said Mayor Mattie Parker, who led the project.

«We have to be at the forefront of what is possible, especially when it comes to cryptocurrency and innovation across the country.Parker added. And furthermore, he claimed that Fort Worth will be the first city in the United States to mine Bitcoins.

Fort Worth will promote the adoption of cryptocurrencies

Fort Worth has been designated a “crypto-friendly” city in an effort to encourage the development of the cryptocurrency sector.

The Bitmain Antminer S9 mining rigs are one of the earliest and most affordable Bitcoin mining rigs available and are particularly popular with beginner miners. The S19 versions are currently more common among more experienced and professional miners.

Fort Worth intends to examine the bitcoin mining process through this pilot program and will conduct another evaluation in six months. Luxor Technologies, a cryptocurrency software and services provider, and Rhodium Enterprises, a Bitcoin miner, offer strategic direction for the city’s trial initiative.

“By starting small to learn as you go, Fort Worth is positioning itself to be the Bitcoin mining capital of Texas.”, said the president and founder of the Texas Blockchain Council, Lee Bratcher.

The donation is conditional on the indefinite use of the equipment. The resolution specifies that if the city permanently terminates the use of the machines to mine Bitcoin, then they would have to be returned.

Increasing regulation in crypto mining

Following China’s sweeping ban on the crypto sector last year, the United States, particularly Texas, has become the dominant hub for miners, due to the low cost of electricity and pro-mining state legislation.

At a time when global and state officials push for stronger rules for Bitcoin miners, Fort Worth’s decision is likely to further reinforce the state’s narrative of being a Bitcoin-friendly jurisdiction.

Disclaimer: The content and links provided in this article are for informational purposes only. islaBit does not offer legal, financial or investment recommendations or advice, nor does it replace the due diligence of each interested party. islaBit does not endorse any investment offer or the like promoted here.