Fort Worth becomes first city in the U.S. to mine bitcoin

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Fort Worth becomes first city in the U.S. to mine bitcoin
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The city of Fort Worth will be the first U.S. city to mine cryptocurrency. On Tuesday, council members voted on a resolution to encourage the development of the industry. In return, the city will be given three crypto mining computers.

On Tuesday, council members voted on a resolution to encourage the development of the industry. In return, the city will be given three crypto mining computers.

A few hours after the voter, the mayor plugged in the three donated machines with software that will power the bitcoin mining process. "I think for people to understand what we’re trying to accomplish here; I know that the big focus is on mining bitcoin, right? But for us, it’s really secondary. You have to understand every major tech company that’s emerging right now and has been on the forefront of what’s next," she said. "They’re talking about cryptocurrency. The city of Fort Worth wants to learn from both other private sector partners and for ourselves for the next six months.

"By starting small to learn as they 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," said Lee Bratcher, the president and founder of Texas Blockchain Council, a nonprofit organization made up of companies and individuals in the bitcoin industry.Even though everybody’s talking about Bitcoin, not everybody understands exactly what it is.

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