Fort Worth, Texas Becomes First City Government In The U.S To Mine Bitcoin

Three S9 bitcoin mining rigs will be released to run 24/7 in a closed environment on a private network operated by the Information Technology Solutions Department Data Center located at Fort Worth City Hall.The S9 bitcoin miners were contributed by the bitcoin and blockchain advocacy group, Texas Blockchain Council. “With blockchain innovation and cryptocurrency changing the financial landscape, we desire to transform Fort Worth into a tech-friendly city,” said Mayor of Fort Worth, Mattie Parker. Fort Worth is positioning itself to operate from within the bitcoin mining industry as a participant in order to learn the requirements of the industry:” Texas is significantly being recognized as the international leader in Bitcoin and blockchain, and Fort Worth will have a seat at that table. The pioneering spirit is alive and well in Fort Worth, and with this program we will draw in dynamic companies that share in this vision for the future,” said Robert Sturns, Fort Worths director of economic development.Lee Bratcher, president and co-founder of the Texas Blockchain Council, praised the city for its decision to mine bitcoin and offered a beneficial outlook to the future of Fort Worth.

“With blockchain innovation and cryptocurrency transforming the monetary landscape, we desire to change Fort Worth into a tech-friendly city,” said Mayor of Fort Worth, Mattie Parker. Fort Worth is positioning itself to operate from within the bitcoin mining market as an individual in order to learn the needs of the industry:” Texas is increasingly being acknowledged as the worldwide leader in Bitcoin and blockchain, and Fort Worth will have a seat at that table. The pioneering spirit is alive and well in Fort Worth, and with this program we will bring in dynamic business that share in this vision for the future,” stated Robert Sturns, Fort Worths director of economic development.Lee Bratcher, president and co-founder of the Texas Blockchain Council, praised the city for its choice to mine bitcoin and offered a favorable outlook to the future of Fort Worth.

Other Questions People Ask

What does it mean for Fort Worth, Texas to become the first city government in the U.S. to mine Bitcoin?

Fort Worth's decision to mine Bitcoin signifies a pioneering move towards embracing blockchain technology and cryptocurrency at a municipal level. By utilizing three S9 bitcoin mining rigs, the city aims to operate within the bitcoin mining industry, gaining insights into its requirements and potential benefits. This initiative positions Fort Worth as a tech-friendly city, attracting innovative companies and fostering economic growth in the region.

How will Fort Worth's Bitcoin mining initiative impact its economy?

The Bitcoin mining initiative is expected to enhance Fort Worth's economic landscape by drawing in dynamic businesses that align with the city's vision for technological advancement. As Texas is recognized as a leader in Bitcoin and blockchain, Fort Worth's participation in this sector could create job opportunities and stimulate local investments. Additionally, the city's involvement in mining will provide valuable knowledge that can be leveraged for future economic development strategies.

What role does the Texas Blockchain Council play in Fort Worth's Bitcoin mining project?

The Texas Blockchain Council has been instrumental in facilitating Fort Worth's entry into the Bitcoin mining space by contributing the S9 bitcoin miners. Their support underscores the collaborative effort to promote blockchain innovation within the city. The council's president, Lee Bratcher, has expressed optimism about the initiative, highlighting its potential to transform Fort Worth into a hub for technology and cryptocurrency.

What are the goals of Fort Worth's Bitcoin mining program?

Fort Worth's Bitcoin mining program aims to explore the operational aspects of cryptocurrency mining while positioning the city as a leader in blockchain technology. Mayor Mattie Parker emphasized the desire to transform Fort Worth into a tech-friendly environment that embraces innovation. By engaging directly with the bitcoin mining industry, the city hopes to attract investment and foster a culture of technological advancement.

How does Fort Worth plan to manage its Bitcoin mining operations?

The Bitcoin mining operations in Fort Worth will be conducted using three S9 bitcoin mining rigs running 24/7 in a controlled environment at the Information Technology Solutions Department Data Center. This setup allows for efficient management and monitoring of the mining process while ensuring compliance with local regulations. The city's approach reflects a commitment to understanding the intricacies of the bitcoin mining industry and its implications for future growth.