Rock

2024

Bitcoin

April

<h4><span style="font-weight: 400;"><strong>Arkansas lawmakers have opened the door to two bills that could restrict crypto mining within the state. </strong></span></h4>
<p><span style="font-weight: 400;">While these bills are yet to evolve into laws, they set the pace for the future. Let’s explore more about this news for Crypto mining.</span></p>
<h5><strong>Arkansas Considers Bills to Regulate Crypto Mining</strong></h5>
<p><span style="font-weight: 400;">The Arkansas State House pondered concerns related to crypto mining. This includes noise reduction and the possibility of foreign ownership. And the possible risk of these activities to residential homes.&nbsp;</span></p>
<p><span style="font-weight: 400;">Both <a href="https://senate.arkansas.gov/todays-live-stream-meetings/archived-meetings/" target="_blank" rel="noopener noreferrer nofollow">bills</a> would overturn sections of Act 851 of 2023. The sections, among other things, stop local governments from drafting sound laws, especially for crypto miners. The bills also establish new rules. They seek to describe the surge in crypto mining in Arkansas as an “emergency.”</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Arkansas House adopts crypto mining resolutions <a href="https://t.co/sbGCX3y4VB" rel="noopener noreferrer nofollow">https://t.co/sbGCX3y4VB</a> <a href="https://t.co/4RDylF7fO0" rel="noopener noreferrer nofollow">pic.twitter.com/4RDylF7fO0</a></p>
 <p>— Little Rock Post (@LittleRockPost_) <a href="https://twitter.com/LittleRockPost_/status/1780741174191702424?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 17, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">One of the bills seeks to enforce noise limits on crypto mining activities. The bill also restricts citizens of nations listed in the International Traffic in Arms Regulations from owning crypto mines in Arkansas. Facilities are required to implement soundproofing. In addition, the bill stops crypto mines from using water to cool their servers.&nbsp;</span></p>
<h5><strong>Concerns about Mining</strong></h5>
<p><span style="font-weight: 400;">Crypto miners have dashed to Arkansas in recent years. This is thanks to the state’s cheap electricity and vast natural resources. However, some US states have expressed concerns about the <a href="https://www.altcoinbuzz.io/cryptocurrency-news/finland-the-rising-frontier-in-nordic-bitcoin-mining/" target="_blank" rel="noopener noreferrer nofollow">activities</a> of these miners. </span></p>
<p><span style="font-weight: 400;">Mining involves the use of specialized computers, which are energy-intensive. These devices generate heat. So, they are only cooled by circulating water taken from wells or by using noisy cooling fans.&nbsp;</span></p>
<p><span style="font-weight: 400;">The US isn’t isolated in its bid to restrict crypto mining. Other countries are considering limiting mining activities due to their dangers. For example, regulators in Paraguay plan to temporarily restrict mining activities. The lawmakers cite concerns about illegal miners affecting electricity distribution.&nbsp;</span></p>
<p><span style="font-weight: 400;">Interestingly, these concerns about crypto mining come ahead of the US’s major elections. Many expect crypto users to play a role in this election. Already, some voters have expressed bias toward candidates with pro-crypto views.&nbsp;</span></p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/arkansas-opens-the-door-to-bills-restricting-crypto-mining/" rel="noopener noreferrer nofollow">Arkansas Opens the Door to Bills Restricting Crypto Mining</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Arkansas Opens the Door to Bills Restricting Crypto Mining

Altcoin Buzz

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