Matt Maddock, a Michigan congressman, is undermining Bitcoin from the floor of the house of representatives of that US state., According to a publication of the account of X Michigan Bitcoin Trade Council, shared by Maddock himself.
The official use A Bitaxe Gamma, a mini Asic specifically designed for domestic mining. This mini miner offers a processing power (hashrate) of up to 1.2 terahas per second (TH/S) with a consumption of just 18 watts, according to SATOSHI ONLY.
Although its design is oriented to solo miners and those who wish to participate in BTC mining with few resources from home, given its small size, its Low noise level and heat emission (In relation to industrial ASICs), Bitaxe Gamme can be installed in unconventional environments such as a legislative enclosure.
The installation of the Mini Asic by the official could be interpreted as a symbolic support for decentralization of Bitcoin In a context where Michigan drives the adoption of cryptocurrencies and mining.
Michigan promotes Bitcoin mining
The initiative coincides with a package of laws in Michigan, notified by cryptootics on May 22, which encourages state investment in cryptocurrencies and The use of mining infrastructure.
For example, HB4512 proposal, included in that package, focuses on the creation of a program that allows private companies use abandoned oil or gas wells for Bitcoin mining.
In return, companies are responsible for sealing wells and rehabilitating the land after concluding operations. The objective is to reuse the residual energy of these sites for feed mining activitiespromoting environmental restoration without resorting only to public resources.
For its part, the HB4513 initiative proposes to adjust the Income Tax Law of 1967 of Michigan, allowing taxpayers to be registered in the Bitcoin Mining Program of HB4512 deduce the profits obtained from their gross income adjusted.
That deduction covers both individuals and corporationsprovided that mining is executed in abandoned wells, and its implementation depends on the prior approval of HB4512.
However, these proposals are in a Initial stage of the legislative process.
