TEXITcoin founder on Texas mining growth, merge mining and regulatory battle

In an interview with crypto.news, Selva Ozelli speaks with TEXITcoin founder Richard W. Wisher about the Proof-of-Work network, its Texas mining operations and how merge mining allows TXC to be mined alongside Litecoin and Dogecoin. Summary TEXITcoin operates a Texas based Proof of Work network and uses merge mining alongside Litecoin and Dogecoin. The project has invested $5.5 million to expand mining sites in McKinney, Mansfield and Conroe. TEXITcoin is contesting a Texas State Securities Board case alleging unregistered investment offerings and misleading statements. Founder Richard W. Wisher argues that TXC mining involves a Proof of Work commodity rather than a security. The discussion also covers regulation and the Texas State Securities Board case against TEXITcoin, MineTXC, Blockchain Mint and Wisher. The founder disputes the regulator’s allegations and argues that mining a Proof-of-Work commodity does not constitute a securities offering. Tell us about your journey to establishing TEXITcoin (TXC) I began minting coins in 2008, the same year Satoshi introduced Bitcoin. My goal was to provide money that no government can print. While gold and silver served this purpose for c...