The City Of Fort Worth To Vote On Becoming A Crypto Miner
The Fort Worth City Council is going to vote on whether it should accept a donation of Bitcoin miners.
In this video I discuss how this could help to add another ally in the cryptocurrency battle. If the City accepts the donation of the miners, it would enter the mining game. To my knowledge this would be the first municipality to engage in this, at least in the US.
Here is the article mentioned in the video:
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Is Crypto mining really real? Because I have been into some and it later went off in the long run.
Yes both Bitcoin and Ethereum are run on mining. The latter is switching to PoS but Bitcoin is, and likely always will be, mined.
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Okay because I was thinking they are scam because I have encountered some like that but they end up running away with peoples investment
No mining is how the blocks are validated.
Now that doesnt mean people do not run scams promoting mining services and whatnot. I am sure they do.
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Ok I would just be careful not to get involved in it again. Or do you have one you could recommend to me at least??
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I wished that my city would do something like this and perhaps improve service delivery with the profits!!!!
I wonder what the Government view would be on something like this, here in South Africa??
It will take a while for this to concept to spread. Hell it might not even take off. However, it is just another example of a City getting involved (potentially).
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IMHO, in any case, this will be a historical step, if approved then will be remembered for all eternity.
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I think it would be a nice change and it would be something the federal government can't ignore. I imagine all those environmentalists are going to start making a huge mess on Twitter over it if it passes.
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