Ft. Worth TX Municipal Crypto Mining

Fort Worth Becomes First U.S. City to Mine Bitcoin

I hope the revenue is used to reduce Texas’s outrageous property taxes.


I can just hear the snickering of the ghosts of the people from 1630s Holland.

They do not have a clue what they are doing, as proven by the content of the article.

The cost to do the Bitcoin mining is expected to be about the same as running a vacuum cleaner. Which means the computers are fairly low end and relatively slow. So, minimal revenue generation for the city.

Real Bitcoin miners have taken over (purchased) defunct/abandoned power plants and made them functional in order to generate enough power to run their mining computers.

Compare vacuum cleaner power usage vs power plant capacity to power Bitcoin mining… The only sound you hear is that of the vacuum cleaner sucking money out of the city.