Arkansas authorities will regulate mining along with data processing centers – Bits Media

The House of Representatives and Senate Arkansas approved a bill on the regulation of cryptocurrency mining. For the sake of preventing the discrimination of miners, they will be controlled along with data processing centers (Data center).

The bill was introduced by the Republican Rick McClir (Rick McClure) 30 Martha, And now the document awaits the signature of the state governor Arkansas Sarah Khakabi Sanders (Sarah Huckabee Sanders). According to the McKlyer project approved by the congressmen, miners must pay taxes and work in this way, so as not to overload the mains. At the same time, Arkansas authorities cannot impose demands on miners, which are not applied to data processing centers. Thus, the bill will protect Bitcoin miners from tax discrimination.

According to the author of the project, The data center is of economic value, since they create jobs and pay taxes to the treasury. Data processing centers, digital currency and blockchain technology are allowed in all fifty states, Therefore, the bill will help to develop cryptocurrencies in Arkansas and prevent shadow mining among local residents.

The draft law includes some terms, related to mining. So, The "business of digital assets mining" means a set of computers, who are in one place and consuming more than one 1 MW per year to create digital assets using blockchain. The bill covers individuals, who are engaged in mining bitcoin at home. As the document says, An individual will be able to use a node for home mining at the place of residence in accordance with the current tariffs for utilities. Moreover, an individual, engaging in the extraction of crypto assets at home, and a mining company should not be considered operators of money transfers.

The situation in Texas is quite different. Last week, the US Senate Committee approved the bill, mining, since the demand for electricity in the state for the last 12 months increased by 75%.