The pilot will last for the next six months, but the impact of the measure is that Fort Worth in Texas becomes the first US city to officially mine Bitcoin from government offices.
After concluding the meeting of the municipal Council of the city of Fort Worth in Texas, USA, the members approved the pilot that will allow the organization to mine Bitcoin through three devices donated by the Blockchain Council of Texas.
Fort Worth City Hall to begin mining Bitcoin
With this result, the city council will start operating three Antminer S9 mining devices in the city hall building for the next six months, with which it is expected that the body will be able to perceive first-hand the benefits associated with this practice, deriving profits in the digital currency for the work done.
In this regard, the mayor of Fort Worth, Mattie Parker, commented:
“This is a very small opportunity for Fort Worth that has huge potential returns on investment. We will become the first city in the world to mine Bitcoin here at City Hall.”
For his part, the president of the Blockchain Council of TexasLee Bratcher noted:
“By starting small to learn as you go, Fort Worth is positioning itself to be the Bitcoin mining capital of Texas. The state as a whole has already established itself as the Bitcoin mining capital of the world.”
Big Implications for Texas
As we indicated in the last edition, although this can be seen as a small step since there are only three mining devices, in reality it constitutes a great advance for the state of Texas, a state that has the first city where mining It has the support of its government agencies.
For now, it is expected that the pilot will officially begin in the coming days and that the city council will share its experience in the matter with all those who closely follow the events. There is also the expectation that this will position Texas as a state that is especially attractive for companies in the crypto mining sector.
Let’s keep in mind that in 2021, a bill was passed in Texas to update the Commercial Code managed by the state. Here some changes were introduced and a definition for virtual currencies was presented. The creation of a working group with 16 members to examine the potential benefits of blockchain for the industry.
Angel Di Matteo version / DailyBitcoin
Picture of unsplash
WARNING: This is an informative article. DiarioBitcoin is a means of communication, it does not promote, endorse or recommend any investment in particular. It is worth noting that investments in crypto assets are not regulated in some countries. May not be suitable for retail investors as the full amount invested could be lost. Check the laws of your country before investing.