🗞️ MinerHunt Weekly | May 12, 2025

GM ☕

Leader, welcome back to MinerHunt - Here’s what we’ve got for you today:

• Crypto Lawsuit in Arkansas

• ⚡ Energy Concerns with Bitcoin

• 🔊 Noise, bias & billions what’s really behind the crackdown?

• 😂 Meme of the week

📌 Quick Background on Crypto Mining & Regulation

• What is Crypto Mining: "Crypto mining is the process of validating digital transactions using powerful computers. It requires high energy and creates heat and noise."

• Why It’s Regulated: For accountability of energy use, noise pollution, and foreign ownership concerns are fueling new regulations nationwide.

Crypto Mining Lawsuit Sparks Debate Over Regulation & Ownership

Crypto Mining Faces Legal Hurdles in Arkansas

• Lawsuit Filed: Two Chinese-American businessmen Qimin Chen (Jones Digital) and Yunpeng Li (NewRays One) filed a federal lawsuit claiming Arkansas’s Act 174 and AOGC rules are discriminatory.

• High Stakes: Li’s Faulkner County data center is a $5M investment projected to earn $9.1M annually, showing the economic significance at risk.

Discrimination or Security? Debate Intensifies

• Judge Sides with Miners (For Now): Judge Baker temporarily blocked Arkansas from enforcing the crypto mining restrictions, citing likely constitutional violations.

• Racial Undercurrents: Plaintiffs claim state actions were motivated by anti-Chinese bias, not genuine environmental or security concerns.

Local Backlash Over Crypto Mines

• Noise & Power Complaints: Bitcoin mines can consume up to 2,000 kWh per transaction, enough to power a U.S. home for over 2 months.

• Public Distrust: Residents reported no prior notice and constant operational noise, while officials cited concerns about water use and pollution.

Crypto mining machines run 24/7 and can be louder than a vacuum cleaner—residents near mines have reported constant noise over 85 decibels.

MINERS MEMES 🤣

Source: @BitcoinMemeHub

💡 Did You Know?

One Bitcoin transaction can use 2,000 kWh of electricity that’s as much as a U.S. home uses in two full months.

Till next time,

Miner_Hunter Weekly Pulse

💬 Hot Take: Should crypto mining companies be restricted based on their country of ownership? Hit reply and tell us what you think, we’ll feature top comments next week.

Please rate this email out 1 to 10. Just hit reply button and let me know any suggestions.

Stay curious, leaders!

PS. If you missed yesterday’s issue, you can find it here.