On Tuesday, city council leaders unanimously approved a pilot program involving three S9 Bitcoin mining machines which will run 24 hours a day and seven days a week.
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The first computer to find the solution to the problem receives the next block of bitcoins and the process begins again.
“Basically, a group of software engineers were really frustrated that there was a notion that the government was somehow controlling currency and allowing things like the financial crisis to occur,” Mak said.
“That’s when Bitcoin really took off when it was viewed more of an asset like a ‘gold’ sort of money that people can trade back and forth,” he said.
Mak added that he believes city leaders are making the right decision to explore cryptocurrency.
“If they are going to create mining on the city of Fort Worth planning sheet, for example, maybe it’s viewed as another asset like real estate.
“Fort Worth has sometimes struggled to be out of the shadow of Dallas.