The City Council of Fort Worth voted to accept the donation of 3 mining rigs. This is a donation that will allow the city to mine Bitcoin.
In this video I discuss how it is the first US city to take this step. It was something I talked about in a recent video before the vote. Now it is in.
Here is a link to the article mentioned in the video:
▶️ 3Speak
What could be the reaction from Central Government?
On this? Not much. Wont even get on the radar.
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Lol, surprising.
A lot of other things they are fighting about. This is also only 3 old mining rigs. Not exactly a huge operation.
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a first step towards the future and exactly where is that town hall which is the pioneer state in Cryptocurrencies. They are breaking down barriers to a future with good economic prospects.
It is going to spread. We just need to keep focus upon decentralizing things.
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That is the key, the decentralization of things and that everyone owns their resources.
Yes that is key. The more that get involved in this game, the more things expand outwards.
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Wow good for them. My brother lives in that area, i don't believe he will have any interest in it. Hope it goes well for them.
Well it is the city itself doing it. Not that individuals mining although there is no way the city will stop it.
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I think it is a good venture so will be inresting to see how it works out.
It will be interesting to follow along and see their progress.
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I heard Fort Worth is already mining. This is pretty wild. Things are getting serious now.
Well I imagine that as soon as the vote passed, they were ready to plug the machines in. I hope we get some updates about it.
Do you think they will have a chance of getting anything? It doesnt appear they are getting much in the way of mining equipment?
Can they actually turn a profit on some, I presume, older machines?
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It's an interesting move and I like how the city is taking them up on the offer. It doesn't really look like the city will lose much and the period in which they mine isn't that long. If it proves to be profitable, I can see other cities following along.
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I dont see the downside either.
There is only the electricity costs. I wish there were more details about the potential. Personally I am not sure older mining equipment will get much Bitcoin but I dont know enough about the ins and outs of it to pay attention.
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Very interesting development.
Certainly something that others can imitate.
Change is occurring so fast it’s amazing and gratifying to see.
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It is interesting. Not sure it is much if a major move overall but it does add another feather in the crypto cap.
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