City of Fort Worth might start mining bitcoin in effort to be 'crypto-friendly'

The city of Fort Worth could start mining bitcoin.

The City Council will vote Tuesday on a resolution that would encourage the technology’s development as well as accept the donation of three bitcoin mining machines from the industry advocacy group Texas Blockchain Council.

The resolution would position the city as “crypto-friendly, welcoming to the industry and to those responsible businesses contributing to the development of this evolving technology.”

The three bitcoin mining machines, valued at $2,100, would be given to the city free of charge for a six-month pilot program.

It’s not clear how much the city will pay to operate the machines or whether the city will earn any revenue. Representatives for the city declined to comment ahead of Tuesday’s vote.

Read more at: https://www.star-telegram.com/news/politics-government/article260681607.html