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Fort Worth is the first city in the U.S. to mine bitcoin, and will run mining rigs out of city hallwww.cnbc.com/2022/04/26/fort-worth-tx-the-first-city-in-the-us-to-mine-bitcoin.html
130 sats \ 6 comments \ @kr 26 Apr 2022 bitcoin
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2 sats \ 0 replies \ @itsrealfake 26 Apr 2022
It's fascinating to think about the consequences/benefits of getting city bureaucrats into the business of securing bitcoin. Let's hope it goes well, i think it's part of this reformative impact of bitcoin.
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0 sats \ 0 replies \ @cryptocoin 27 Apr 2022
Here's another, later, article on this development, from Bitcoin Magazine:
Fort Worth, Texas Becomes First City Government In The U.S To Mine Bitcoin #23303 https://bitcoinmagazine.com/business/fort-worth-texas-becomes-first-city-government-in-the-u-s-to-mine-bitcoin
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0 sats \ 0 replies \ @BTCMiner 26 Apr 2022
Three Bitmain Antminer S9 mining rigs will run 24 hours a day, seven days a week, in the climate-controlled information technology wing of Fort Worth City Hall.
Texas Blockchain Council, which donated the three mining rigs
For now, the project isn’t really about profits, nor helping to fix Texas’ temperamental power grid. Instead, it’s about being a first-mover and normalizing the idea of a city government mining bitcoin and putting the world’s biggest cryptocurrency on their balance sheet.
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0 sats \ 0 replies \ @tomlaies 26 Apr 2022
Haha, that's awesome. The purple rgb makes it seem like an "we so futuristic" publicity stunt tho. If they have not thought about the economics behind it or are immediately spending parts of the profit for some good cause / schoolarships or something it won't survive the first public outcry when moscow time falls.
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0 sats \ 0 replies \ @Jorj_X_McKie 26 Apr 2022
Sounds a bit like what Fidelity did years ago. Slowly, then all at once!
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0 sats \ 0 replies \ @2big2fail 26 Apr 2022
although the back room discussion of putting the miner on the server rack is probably interesting this story is a little lame
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