“Gift of companies, clear and simple”

Utah has issued legislation Current currency mining Operations are unprecedented freedoms in a move that may harm the environment and Upgrading benefit costs For residents.

The controversial HB230 bill puts special rights for encryption companies with the minimum local supervision, as is the case Desret News.

What is HB230?

HB230, titled “Blockchain and Digital Innovation”, gives the encryption mining companies the right to dispense with cryptocurrency, Blockchain nodes, and share symbols with minimal intervention or supervision in Utah state.

The draft law is balanced by these operations from the laws of dividing local areas, noise decrees, and other regulations that usually govern companies. It also waives the requirements of digital operations to obtain money -sending licenses, which usually include financial audits.

Why HB230 regarding?

This legislation gives priority to the profits of the encryption industry on the protection of the environment and the welfare of society.

Proof of work Cryptoming It already consumes up to 2.3 % of the entire US electricity supply, according to Energy Information ManagementMore than use many countries. For the residents of Utah, this may mean high electricity bills, increase pressure on the power network, and more pollution.

The draft law creates “special opportunities” for the owners of mineral workers with no provisions for water use management, and it is monitoring of a drought -vulnerable country such as Utah, where water conservation is important.

“Don’t make mistakes – this is not innovation,” books Weisheit and Erickson. “It will harm all yotan, which pays an electric bill, cares about the air and clean water, or who believes that public funds should serve the public good.”

How to affect the encryption mining on societies and the environment

Energy requirements encrypted in mining field Large pollution imprint. These operations work around the clock throughout the week during the consumption of electricity that are mainly obtained from dirty fuel – although the industry has begun to shift towards cleaner energy sources.

Despite these improvements, mining remains very intense.

Conservation mining facilities can consume the largest water amount of 300,000 families annually to prevent their machines from high temperature, for each. Weisheit and Erickson. In a state like Utah, which faces drought, this water consumption is pressed on a already connected resource.

Noise pollution also affects societies near mining operations. The continuous sound of cooling lovers has been compared to the presence of a semi -driver that works outside your window constantly – this contains Law In some judicial states. Under HB230, local governments cannot organize this noise even when population sleep and the quality of life are disrupted.

What we can learn from other countries

Arkansas approved similar legislation last year with catastrophic results. The state quickly faced large -scale noise complaints and increased the cost of benefit, forcing legislators to reconsider. Some participating sponsors have even admitted that they had misled the effects of the bill.

“The legislators and the encryption industry celebrate this draft law as a victory from the two parties that will put the state to lead,” he said. Weisheit and Erickson. “But it is a gift for companies, clear and simple.”

The National Coalition against Cryptoming is now in 18 states to combat this trend of canceling restrictions. They build a movement of two parties for people interested in companies that negatively affect the quality of life and receive special treatment from legislators.

You can help by Stay on the knowledge About encryption legislation in your area and contact your representatives when suggesting similar bills. Supporting organizations fighting for the appropriate organization of this industry helps ensure that our joint resources are not used at the expense of the public.

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