The fallout from Arkansas' "right to mine" bitcoin law

[larry_vw_1955]

https://www.youtube.com/watch?v=CS5dXlYB83M

If that's not torture then I don't know what is. China is taking over the USA with bitcoin mines too. The mines don't benefit the local communities they don't provide anything of value no products or services. All they do is make alot of noise and disrupt peoples' lives. What a disaster. I don't think I like bitcoin anymore. 

I don't want a mine anywhere near me and I know none of you guys do either. Just admit it.

[NotFuzzyWarm]

Typical opinion from someone that has no experience with nor stake in the business but feels free to espouse their displeasure with something they know almost nothing about.
Ignore button now active.

[Solosanz]

The mines don't benefit the local communities, but it give benefit to Arkansas Governor and the states.

However, the laws said they only allow Bitcoin mines if they have comply with the noise ordinances.

The first new law allows the mines to operate if they comply with noise ordinances. They have to be 2,000 feet from a residence and can't be controlled by a “prohibited foreign party-controlled business.” The second new law subjects mines which break the rules to civil penalties.

I hear that in developed countries, US is the example, you can easily sue anyone despite you're poor, as long as you're correct, you will win, why did the neighbors not sue it?

[snerd]

….. why did the neighbors not sue it?

Did you watch the video? They did sue. They have a GoFundMe to help with attorney fees.

[Catenaccio]

https://www.youtube.com/watch?v=CS5dXlYB83M

If that's not torture then I don't know what is. China is taking over the USA with bitcoin mines too. The mines don't benefit the local communities they don't provide anything of value no products or services. All they do is make alot of noise and disrupt peoples' lives. What a disaster. I don't think I like bitcoin anymore. 

There are pros and cons but if big mining farms are too closely to urban areas or where locals are living with high density, I believe that there will be more regulatory rules in future to solve these issues and negative impacts of Bitcoin mining activities on locals.

Like many other industries, there will be regulations, more and stricter with time but there is no reason to ban Bitcoin mining industry so my belief goes to good survival and existence of Bitcoin mining farms, under future Acts, Laws and Regulations.

There will be solutions to reduce Cons, and increase Pros, but companies in any industry will not proactively do this. They often wait for official regulations from governments to adjust their industry streams and infrastructures to satisfy requirements. With Bitcoin mining industry, we will witness same progress in future.

[ranochigo]

Datacenters are noisy as well, but they are generally well enclosed and have a comprehensive ESG outlined for their companies to follow. GCP has it, AWS has it but I haven't seen any from miners so far. I've got a Google DC right next to me and I don't hear a thing. Through my years of study on Bitcoin and their environmental impact, I've yet to come across a company which outlines it. Rather than saying Bitcoin mines are bad, I believe that more should be done from the miner's perspective to clearly outline what are their different considerations in the areas of operations.

I don't own a mine, but I've had a home mining farm previously. Noise pollution is definitely a concern even with my small operation and decent sound insulation. There should be more regulations and more to be done to mitigate these sorts of issues.

[mindrust]

What are the miners’ union saying? Are they still playing deaf?

https://umwa.org/contact-us/

People need to wake them up.

[Fadhil Pahlawadi]

https://www.youtube.com/watch?v=CS5dXlYB83M

If that's not torture then I don't know what is. China is taking over the USA with bitcoin mines too. The mines don't benefit the local communities they don't provide anything of value no products or services. All they do is make alot of noise and disrupt peoples' lives. What a disaster. I don't think I like bitcoin anymore. 

I don't want a mine anywhere near me and I know none of you guys do either. Just admit it.

is it true that because China took over in the chaos of the bitcoin problem that they no longer want to like or want it.
basically the United States actually wants this bitcoin mine to be prioritized as a container in mining even though China no longer wants to fight in the challenge.

[ranochigo]

is it true that because China took over in the chaos of the bitcoin problem that they no longer want to like or want it.
basically the United States actually wants this bitcoin mine to be prioritized as a container in mining even though China no longer wants to fight in the challenge.

Not everything is a political issue. China banned Bitcoin and Bitcoin mining effectively forcing some of the miners to shift from China to US where prices are competitive enough. It is not a political tool used by either country.

It is important to note that the migration also changed the composition of renewable energy being used by miners according to some estimates.

[ABCbits]

I recall Oklahama (different US state) recently also passed similar right to mine, while emphasizing if it adhering to noise regulation. So i expect Arkansas also did that, which means those miners should be sued or at least forced to reduce noise to acceptable level by noise regulation.

I don't think I like bitcoin anymore. 

That's weird statement, when the actual problem is a company violate noise regulation.