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Texas city votes for city government to start mining Bitcoin

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by COINS NEWS 130 Views

The City Council of Fort Worth, Texas, has unanimously approved BTC mining and will use three ASIC Bitmain AntMiner S9 rigs donated by the Texas Blockchain Council. This makes Fort Worth the first city in the US to mine its own Bitcoin.

The city estimated that each of the mining rigs would consume "the same amount of energy as a household vacuum cleaner," adding that the amount of BTC mined by the machines would offset the cost of operating them. NYDIG will custody the city's Bitcoin.

https://fortworthgov.legistar.com/View.ashx?M=F&ID=10827104&GUID=E1AA340C-1AC8-49EC-B6C6-5DEBE7AFEB73

The city said it would evaluate the mining program in six months before deciding whether to continue.

The donated rigs are expected to generate between $2 and $3 per day, according to Minerstat.

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