Cryptocurrencies
Fort Worth Stakes Claim as First City to Ride Texas Crypto Boom
- Three donated mining rigs will be run from city hall
- Each rig seen consuming as much energy as a vacuum cleaner
Photographer: Jeremy Woodhouse/Digital Vision/Getty Images
This article is for subscribers only.
Fort Worth is jumping on the crypto bandwagon, with the North Texas city approving a plan to mine Bitcoin with computers located in city hall.
Once known for being a trading post at the end of the Chisholm Trail, the now fifth-largest Texas municipality said it is the first city government in the U.S. to mine Bitcoin. Under a pilot program, the city will run three mining rigs donated by the Texas Blockchain Council, an industry trade group. The city estimates each machine will consume the same amount of energy as a household vacuum cleaner.