Cryptocurrency mining has been a contentious issue in Arkansas, with lawmakers passing a law last year that preempted local restrictions on bitcoin mining complexes. However, many of these lawmakers are now reconsidering their support for the law, as they were not fully aware of the potential negative impacts of these mines.
Senator Missy Irvin, who voted for the law, has since changed her stance after a crypto mine opened in her district, causing noise and environmental concerns for nearby residents. Irvin now believes that there should be a statewide standard for noise levels and that local governments should have the ability to regulate these mines for their communities.
Last year, cities and counties in Arkansas rushed to implement limits on cryptocurrency mines before the law went into effect, citing concerns about their high energy consumption, environmental impact, and foreign ownership. Faulkner County even enacted a noise ordinance after receiving numerous complaints from residents about a nearby mine.
However, enforcing these restrictions has proven to be difficult, as evidenced by the county’s noise ordinance that requires deputies to measure various factors to determine acceptable sound levels. As a result, Irvin and Rep. Lee Johnson are spearheading a legislative subcommittee to study the issue and potentially draft new legislation for 2025.
Tom Harford of the Arkansas Blockchain Council, an organization that advocates for sustainable and U.S.-owned mines, supports efforts to modify the law and address concerns about noise levels and foreign ownership. He also raises concerns about the heavy water and electricity usage of these mines, which could potentially overwhelm small communities.
In conclusion, the issue of cryptocurrency mining in Arkansas has sparked controversy and has prompted lawmakers to reevaluate their support for the law that protects these mines. With the formation of a legislative subcommittee, it is hoped that a more balanced and effective approach can be taken to address the concerns raised by citizens and communities affected by these mines.
