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You are here: Home / Archives for Arkansas

Arkansas

Crypto Miners Rush to Comply With New Rules: Arkansas County

July 25, 2023 by Aishwarya shashikumar

Several counties in the state of Arkansas, USA, are swiftly taking action to implement new regulations ahead of an impending change in the status of crypto mining facilities. Local reports indicate that these counties are urgently passing emergency legislation to gain control over various aspects of crypto mining, particularly noise-related concerns, before a state law is enforced on August 1.

This new state law is aimed at bringing crypto mining facilities within the scope of regulations that currently govern data centers. The intention is to establish comprehensive guidelines for miners, affording them protection from discriminatory regulations and taxation practices. However, residents of Arkansas had limited time to discuss this legislation, as it was rapidly proposed, examined in committees, and approved by legislators during a one-week period, spanning from March 30 to April 7.

State Representative Rick McClure, the bill’s author, reportedly claimed that there was no opposition voiced during committee discussions or legislative sessions. Among the crypto mining companies operating in Arkansas are Green Digital, GMI Computing, United BitEngine, and Cryptic Farms.

To address complaints of continuous noise pollution, local authorities are taking further actions by implementing additional rules. Kris Kendrick, a justice of the peace on Faulkner County’s Quorum Court, expressed concerns about the noise level and its impact on neighbors during a meeting held in July.

Crypto-Friendly Counties Implement Model Ordinance

Subsequent to the bill’s passage, the Association of Arkansas Counties devised a model ordinance that can be utilized by counties prior to the law’s enforcement. As a result, over a dozen counties have reportedly adopted noise ordinances targeting data centers since June.

Justice of the Peace Maree Coats highlighted the issue further, emphasizing how the incessant noise affects individuals even within the confines of their homes, stating that residents can hear it around the clock from their bedrooms.

While the new legislation does not entirely prohibit county regulations, it explicitly bars local governments from engaging in discriminatory practices against crypto mining facilities or imposing limits on decibel levels beyond those set for general sound pollution. Additionally, counties are forbidden from rezoning areas with the intention of discriminating against digital mining operations. The aim is to foster a fair and supportive environment for crypto miners in Arkansas.

Filed Under: News, World Tagged With: Arkansas, Crypto, Crypto Mining, Cryptocurrency

Bitcoin Mining Gets Boost As Arkansas Passes “Right to Mine” Bill Of 2023

April 8, 2023 by Mishal Ali

Arkansas has made history by passing a bill titled “The Arkansas Data Centers Act of 2023”, becoming the first state in the United States to provide protection for Bitcoin mining and establish clearer regulations for digital mining within its borders.

Dennis Porter, one of the co-founders and CEO of SatoshiActFund, has expressed excitement about Arkansas achieving an unexpected victory. He anticipates participating in the signing ceremony alongside Sarah Huckabee in the near future.

The state of Arkansas has pulled off a surprise victory and become the first in the nation to pass the ‘Right to Mine’ #Bitcoin bill in both the House and Senate.

I hope to join @SarahHuckabee for the signing ceremony soon.

— Dennis Porter (@Dennis_Porter_) April 8, 2023

Sponsored by Senator Joshua Bryant and Rep Rick McClure, the bill was first read on March 30 and has since gone through multiple readings and committee stages in both the House and Senate. After being slightly amended, the bill was passed in both chambers and has now been sent to the governor for approval.

The legislation acknowledges the contribution of data centers to the economy by generating employment opportunities and paying taxes. The bill outlines measures to prohibit local authorities from enforcing regulations that single out the crypto-mining sector, To avoid biased taxes and regulations aimed at Bitcoin miners. 

Moreover, guidelines have enabled digital asset mining companies to contest zoning adjustments. The bill also bars the Arkansas public utility provider from imposing “unreasonably discriminatory rates” on miners. 

Additionally, the bill defines several terms, such as digital assets, digital asset mining, node, and digital asset mining business. This move will likely encourage more digital asset mining companies to set up operations in the state, bringing new jobs and investment.

However, the bill is a significant step forward for the crypto industry and could pave the way for similar legislation in other states in the future.

Passing Bitcoin Mining Bill Sparks Excitement In Crypto Community

Arkansas’ passing of the “Right to Mine” bill has sparked mixed reactions from the community. While some celebrate the historic move, others question its motivations. 

Some have pointed out that Arkansas is the first state to pass a bill specifically protecting the right to mine Bitcoin. Dennis Porter, CEO and Co-Founder of SatoshiActFund received praise for his work on the political side of the Bitcoin battle. 

However, some expressed concern that greed may be the driving force behind the bill. Nonetheless, the passing of this bill is a significant step forward for the cryptocurrency industry, and its impact remains to be seen.

Awesome, but surely you can see the walls are closing in around you. The question you fail to answer is it greed?

— Voyage In Progress (@AurumVoyager) April 8, 2023

Related Reading | Ethereum Set To Rise: OKX Survey Shows 63% Expect $5k ETH By 2023

Filed Under: News, Bitcoin News Tagged With: Arkansas, Bitcoin Mining, Crypto

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