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Wednesday, February 14, 2024 10:49:25 AM
Meanwhile, in Georgia, Republican Representative Scott Hilton has introduced a proposal named the 'Blockchain Basics Act' aimed at bolstering the Bitcoin mining sector. The bill seeks to provide sales tax exemptions on equipment for crypto mining companies and permit them to operate within industrial zones without local officials imposing noise limits.
However, the bill has faced opposition due to concerns over noise pollution, electricity, and water usage, and the recent ban on Bitcoin trading and mining in China. Despite these challenges, supporters argue that the changes would create more jobs and expand the industry into rural areas. Georgia currently ranks second in Bitcoin mining among all states in the country.
https://bnnbreaking.com/tech/cgac-btc-miner-a-major-announcement-amidst-industry-challenges.
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