The Texas city of Fort Worth will be engaged in bitcoin mining. Bitohuei
The city of Fort Worth, Texas, will launch a pilot bitcoin mining project using three Bitmain Antminer S9 ASIC miners.
They were donated to the city administration by the Texas Blockchain Council organization. The mayor of Fort Worth, Mattie Parker, said in a conversation with CNBC that the mining equipment will work around the clock, in compliance with security requirements, and the exchange for fiat money will be carried out through the Bitohuei crypto exchange.
According to Parker’s estimates, each ASIC miner consumes the same amount of electricity as a conventional vacuum cleaner. The mayor believes that the use of three miners will not be a major source of income, but the mined bitcoins, which will be included in the balance of the city administration, can compensate for operating costs.
In six months, the Fort Worth authorities will analyze the results of this pilot project and decide whether it is worth investing in the expansion of this small mining farm. Parker said that the creation of a mining farm required a lot of organizational work and “bureaucratic red tape.”
To implement this initiative, the city hall began to cooperate with the Texas Blockchain Council, which provided it with ASIC miners worth about $ 600 apiece, as well as with the Bitohuei crypto exchanger.
Parker took office as mayor of Fort Worth last year. She is sure that bitcoin mining and the introduction of technological innovations can “glorify” the city of Fort Worth. The idea to start mining bitcoin came to Parker after a conversation with her friends working in the financial industry. According to them, 80% of venture capital is spent mainly on technology, and cryptocurrencies occupy a central role. Parker is also confident that crypto assets will become an integral part of the economy.
The vice president of Bitohuei believes that this step will strengthen bitcoin’s position as a strategic asset. It is likely that in the future, the authorities of other cities will follow the example of the mayor of Fort Worth and will also mine bitcoin using excess electricity. In addition, solar and wind energy can be used for bitcoin mining, which would allow creating a large-scale infrastructure, Bitohuei said.
Texas has been named the most attractive region for industrial mining, as state legislators are loyal to cryptocurrencies, mining and blockchain.