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- 🟩 Arkansas Joins Bitcoin Mining Rush with 'Right to Mine' Law
🟩 Arkansas Joins Bitcoin Mining Rush with 'Right to Mine' Law
Arkansas has just passed a new law that aims to regulate Bitcoin mining.
"Satoshi built all of humanity a weapon to take that power for ourselves." - Hector Rosekrans
Happy Wednesday, Bitcoiners!
It's The Bitcoin Dispatch, here with your daily dose of Bitcoin news!
Arkansas Joins Bitcoin Mining Rush with 'Right to Mine' Law
Arkansas has just passed a new law that aims to regulate Bitcoin mining, which means you can't just set up a rig in your grandma's basement and expect to get away with it anymore. The "right to mine" bill is now officially a law, and it lays out some guidelines for miners to follow so they don't overtax the electric grid or get hit with unfair taxes. This is great news for the local economy because Bitcoin mining provides jobs and generates tax revenue as long as it's responsible.
The senator who proposed the bill, Joshua Bryant, must have realised that bitcoin mining is the new gold rush, and he wanted to make sure Arkansas didn't miss out on the action. The bill gives Bitcoin miners the same rights as data centres, which means they can't be discriminated against by the government or hit with unfair regulations. So, if you're a Bitcoin miner, you can now sleep soundly knowing you're not a second-class citizen in Arkansas.
It's great to see that Arkansas is following in Montana's footsteps and recognising the importance of the Bitcoin mining industry. Montana recently passed a bill to protect Bitcoin miners from unfair taxes and energy rates, and Arkansas is now doing the same. It's nice that the government has our backs on making money off the grid. Who needs gold mines when you can mine bitcoins, right?
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