As cryptocurrencies become more popular, governments throughout the world are beginning to see the potential of cryptocurrency mining for their communities, including the city of Fort Worth in the United States.
Indeed, the City Council of Fort Worth, Texas, the fifth-largest city in the state and one of the fastest-growing cities in the country, is set to vote on April 26 on a resolution to accept three Bitcoin (BTC) mining machines from the industry advocacy group Texas Blockchain Council.
The free mining machines worth $2,100 are part of a six-month trial program to present Fort Worth as “crypto-friendly, welcoming to the industry and those responsible firms contributing to the growth of this emerging technology.”
Other cryptocurrency-friendly developments in Fort Worth
The local government is making a genuine effort to put Fort Worth on the map of crypto-friendly places, joining New York and Miami, the latter of which just hosted one of the largest Bitcoin conferences.
According to Coin ATM Radar data gathered on April 25, the city and its surrounding areas presently have 1,183 Bitcoin ATMs where you may purchase or sell the flagship digital currency.
To aid its “goal of enhancing the link between humans and the environment via conservation, education, and recreation,” the Fort Worth Zoo accepts cryptocurrency donations such as Bitcoin, Ethereum (ETH), ChainLink (LINK), Dogecoin (DOGE), Polygon (MATIC), and many others.
The Zoo’s website states:
“Donating cryptocurrency is a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. This makes cryptocurrency donations one of the most tax-efficient ways to support Fort Worth Zoo.”