{"id":437756,"date":"2022-04-26T20:15:00","date_gmt":"2022-04-26T17:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/city-of-fort-worth-votes-in-favor-of-bitcoin-mining-program\/"},"modified":"2022-04-26T20:15:00","modified_gmt":"2022-04-26T17:15:00","slug":"city-of-fort-worth-votes-in-favor-of-bitcoin-mining-program","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/city-of-fort-worth-votes-in-favor-of-bitcoin-mining-program\/","title":{"rendered":"# City of Fort Worth votes in favor of Bitcoin mining program"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a413c4694269\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a413c4694269\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/city-of-fort-worth-votes-in-favor-of-bitcoin-mining-program\/#%E2%80%9D_City_of_Fort_Worth_votes_in_favor_of_Bitcoin_mining_program_%E2%80%9C\" >&#8221; City of Fort Worth votes in favor of Bitcoin mining program &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_City_of_Fort_Worth_votes_in_favor_of_Bitcoin_mining_program_%E2%80%9C\"><\/span>&#8221; City of Fort Worth votes in favor of Bitcoin mining program &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Fort Worth, Texas has launched a pilot program to mine Bitcoin in partnership with the Texas Blockchain Council.<\/p>\n<p>In a Tuesday city council meeting, Fort Worth\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=JjZxqfScjsg\">approved<\/a>\u00a0a resolution to start running three Antminer S9 Bitcoin (BTC) miners donated by the Texas Blockchain Council in the city hall building. The pilot program was aimed at recognizing \u201cthe exponential growth of the blockchain and cryptocurrency industries\u201d in addition to encouraging Fort Worth to become a tech leader.<\/p>\n<p>&#8220;This is a very small opportunity for Fort Worth that has big possible returns on investment,&#8221; said Fort Worth Mayor Mattie Parker at the council meeting. &#8220;We are going to become the first city in the world to mine Bitcoin here on site at city hall.&#8221;<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/7bbf25b9-f838-400e-a2c0-64c81035b3d9.png\"><figcaption style=\"text-align: center;\"><em>Fort Worth Mayor Mattie Parker addressing the city council meeting<\/em><\/figcaption><\/figure>\n<p>According to the city, each BTC miner will use the same amount of energy \u201cas a household vacuum cleaner,\u201d with costs expected to be offset by the mined crypto. Carlo Capua, deputy chief of staff for the Fort Worth Mayor and Council Office, told Cointelegraph the three rigs were expected to mine roughly 0.06 BTC annually \u2014 $2,353 with the price of Bitcoin $39,215 at the time of publication. <\/p>\n<p>The pilot was designed to be limited in both the number of machines and duration \u201cto learn the potential impact and opportunities for Bitcoin\u201d \u2014 the city will evaluate the program after six months, starting in October. Capua said the program would be considered based on the amount of BTC mined, the amount of energy used, and public awareness of tech and crypto in Fort Worth:<\/p>\n<blockquote><p>\u201cIn this rapidly evolving industry, better understanding 1) the evolution of Crypto and future outlook, 2) what institutional voids might exist in the current laws and regulations, and 3) how government and municipalities interact with this <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>.\u201d<\/p><\/blockquote>\n<p>\u201cBy starting small to learn as they go, Fort Worth is positioning itself to be the Bitcoin mining capital of Texas,\u201d said Lee Bratcher, president and founder of the Texas Blockchain Council. \u201cThe state as a whole has already established itself as the Bitcoin mining capital of the world.\u201d<\/p>\n<p>At the city council meeting, Fort Worth resident\u00a0Thomas Torlincasi suggested tabling the measure, citing environment concerns over mining as well as potential legal issues over adopting digital currencies. He likened the program to a Ponzi scheme and questioned private businesses donating materials to advance their agenda.<\/p>\n<p>&#8220;This is not the city&#8217;s mission,&#8221; said Torlincasi. &#8220;Many of you believe in the free market and the business system, spreading good business ideas. The city does not need to endorse or embrace blockchain, Bitcoin, or any type of currency that is not United States federal currency.&#8221;<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Texas should use Bitcoin mining to capture wasted natural gas: Sen. Ted Cruz<\/em><\/strong><\/p>\n<p>Texas has become a hub for some crypto mining firms following China cracking down on the practice in 2021. The state is currently home to Blockcap and Riot Blockchain, and has advanced some legislation promoting greater adoption of digital assets. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/city-of-fort-worth-votes-in-favor-of-bitcoin-mining-program\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; City of Fort Worth votes in favor of Bitcoin mining program &#8220; Fort Worth, Texas has launched a pilot program to mine Bitcoin in partnership with the Texas Blockchain Council. In a Tuesday city council meeting, Fort Worth\u00a0approved\u00a0a resolution to start running three Antminer S9 Bitcoin (BTC) miners donated by the Texas Blockchain Council&#8230;<\/p>\n","protected":false},"author":1,"featured_media":437757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvYmQzZGNkNGQtZDhjNS00YTM3LTljMDQtYTgyMGMyNjVmNWMzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,75042,71511,70934,6474],"class_list":["post-437756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-mining","tag-government","tag-regulation","tag-texas"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=437756"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/437757"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=437756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=437756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=437756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}