MINING

After China's decision to kick out bitcoin miners from the country in 2021, the United States quickly emerged as the new darling of the bitcoin mining industry.

40 percent of all bitcoin miners are in the USA Hundreds of thousands of pieces of mining equipment worth billions of dollars are connecting to electrical grids across the US, bringing $$$ to the government but pissing off the locals...

a significant profit for miners, with a skyrocket power consumption and environmental effects... rural America will never recover from...

Internet in some of these regions are almost off grid so why are these mining facilities moving to rural America?

The states with the most abundant and inexpensive power and lax regulations tend to have the most optimal conditions for crypto mining and widespread activity.

North Dakota appears to be well on their way to a future where cryptocurrencies are more prevalent.

Now let us look at the states flying the Crypto Flag...and how you are being distracted and aren't looking at this banking invasion. ​

In the Constitution you must have a COIN for it to be 'legal tender'
Is this the work around?

Nebraska= low electricity costs and reliable service 4.7% in 2022. The Cornhusker State established its bank charter system in 2021 and is leading the way in fostering cryptocurrency banking.

Regarding electricity costs, the average price for residential customers in 202 was 11 cents per kilowatt hour, which was lower than the national average of 13 cents.

In 2023 energy costs rose significantly, is Crypto mining to blame?

One of the major players in the state's bitcoin mining industry is Compute North, a data infrastructure and colocation company that provides hosting services for crypto miners and other high-performance computing applications.

Wyoming= 5% with new mines being built everyday. Senator Cynthia Lummis (R) of Wyoming owns cryptocurrency and strongly supports crypto legislation in Washington D.C.

The State also boasts several laws and regulations that support the development and adoption of blockchain technology and digital assets.

The Wyoming Money Transmitter Act EXEMPTS virtual currency from money transmission laws and licensing requirements

The Wyoming Utility TokenAct creates a new class of digital assets called "open blockchain tokens' not subject to securities laws if they meet certain criteria.

The Wyoming Special Purpose Depository Institution Act allows the creation of state-chartered banks that can provide custody and banking services for digital assets.

The Wyoming Digital Asset Custody Act establishes standards and procedures for custodial services of digital assets, including fiduciary duties, audits, and cybersecurity requirements.

The Wyoming Blockchain Filing System Act, which authorizes the use of blockchain technology for corporate records and filings.

It has attracted several crypto companies and organizations to establish their presence there, Kraken Bank, Avanti Bank &Trust, IOHK, and the American CryptoFed DAO.

Wyoming's low electricity cost is mainly due to its abundant coal resources, which accounts for about 85% of its electricity generation.

Texas consistently ranks close to the top in mining capacity. By July 2022, Texas accounted for at least 25% of all mining activity in the US, which is why the state is sometimes referred to as

'The Bitcoin Mining Capital" of the United States. The state has attracted many entrepreneurs and investors who want to exploit it's cheap and abundant electricity, deregulated power grid, and friendly regulatory environment.

In 2021, the state passed legislation recognizing the legal status of cryptocurrencies and allowing banks to offer crypto custody services to their customers.

The state also offers tax breaks, training, and other incentives to help promote crypto mining.

Miners can set up their rigs in rural locations with no residential homes in pursuit of low electricity and land rates, even if the townspeople don't want them there.

The noise from these facilities of 3000 computers run off the wildlife and the water is often contaminated.

Argo Blockchain, a Canadian crypto mining company, is also building a 320-acre mining facility in Dickens County, Texas. It will have a capacity of 200MW and be powered by renewable energy sources...what does that mean?

Kentucky- ranks second to Texas with 10.9% of the US hash rate. Taking advantage of the low cost of living and again rural living, energy networks, and tax incentives for crypto mining makes it ideal for the miners but not for the townfolk.

Why is all this flying under the radar?

The first bill, HB 230, exempts crypto miners from paying sales tax on electricity and equipment used for mining. I bet you wished you had that sweet, sweet deal.

The second bill, SB255, offers a 6% corporate income tax credit for energy-intensive industries such as Bitcoin mining. Wow!

According to Blockware Solutions, a crypto mining firm based in Kentucky, these tax incentives make Kentucky one of the most attractive states for Bitcoin mining in the U.S.

Blockware Solutions has raised $25 million to expand its operations and plans to buy 14,000 rigs for itself. It can now mine one Bitcoin for about $4,500 in Kentucky.

North Dakota = Natural gas is what makes this state attractive for Bitcoin mining. A crypto mining company called Bitzero announced that it plans to make North Dakota its headquarters and hub for all North American operations. Employing up to 20 people....20?

The data center will house tens of thousands of servers conducting high-performance computing using natural gas.

Arkansas is one of the latest states to jump on the Bitcoin mining wagon with plans to install one in Dewitt, AR. even though the people there are fighting for their livelihoods and don't want it there.

The first open-source bitcoin client was released on 9 January 2009, hosted at SourceForge.

In September 2012, the Bitcoin Foundation was launched to "accelerate the global growth of bitcoin through standardization, protection, and promotion of the open source protocol". The founders were Gavin Andresen, Jon Matonis, Mark Karpelès, Charlie Shrem, and Peter Vessenes.

In February 2013, the bitcoin-based payment processor Coinbase reported selling US$1 million worth of bitcoins in a single month at over $22 per bitcoin.

On 6 August 2013, Federal Judge Amos Mazzant of the Eastern District of Texas of the Fifth Circuit ruled that bitcoins are "a currency or a form of money" (specifically securities as defined by Federal Securities Laws), and as such were subject to the court's jurisdiction,

Bitcoin gains more legitimacy among lawmakers and legacy financial companies. For example, Japan passed a law to accept bitcoin as a legal payment method, and Russia has announced that it will legalize the use of cryptocurrencies such as bitcoin.

On 22 January 2018, South Korea brought in a regulation that requires all the bitcoin traders to reveal their identity, thus putting a ban on anonymous trading of bitcoins.

On 25 January 2018, George Soros referred to bitcoin as a bubble

On 1 June 2021, El Salvador President Nayib Bukele announced his plans to adopt bitcoin as legal tender; this would render El Salvador the world's first country to do so.

On 2 October, The Silk Road was seized by the FBI. This seizure caused a flash crash to $110. The price quickly rebounded, returning to $200 several weeks later.

The "Silk Road' was where Bitcoins were the only currency allowed to be traded for drugs and illicit behaivor. the FBI supposedly shut it down in 2013, they seized $1 billion in bitcoins.

1. Georgia = 30%
2. Texas= 25%
3. Kentucky =10.9%
4. Nebraska = 5%
5.North Carolina =4.7%
6. Florida =
7. South Carolina
8. Louisiana =
9. Tennessee =
10. North Dakota =
11. Arkansas =

So, while everyone is being distracted by all the other things going on and wondering when the market is going to crash

It already has...we are now seeing digital currency and soon our paper money will be obsolete...

I'm waiting for the day whenever 'they'' tell you all you have is digital dollars in the form of BITCOIN...

THE END MINUTEMEN