New Hampshire Puts Crypto Mining Bill on Hold After Public Concerns

The post New Hampshire Puts Crypto Mining Bill on Hold After Public Concerns appeared first on Coinpedia Fintech News

New Hampshire lawmakers have decided to slow down on a proposed law that would make crypto mining easier in the state. The bill, known as House Bill 639, drew mixed opinions and a surge of public comments, leading the Senate Commerce Committee to delay its approval. Lawmakers now plan to study the proposal further before deciding whether it should move forward.

Lawmakers Divided Over the Bill

The bill was designed to make crypto mining more open and less restricted. It aimed to stop local governments from setting rules on how much power crypto miners can use or how loud their operations can be. It also would have prevented local authorities from charging special taxes on digital asset mining.

However, the Senate Commerce Committee couldn’t reach an agreement. After being deadlocked twice, the committee finally voted 4–2 to send the bill for further study as per the report. The bill’s sponsor, Republican Representative Keith Ammon, said the goal is to promote innovation and secure the right to mine crypto within New Hampshire.

Public Concerns About Energy and Noise

The bill sparked a strong public response. Senator Tara Reardon from Concord said she received more emails about this bill than any other during her career. Many residents expressed worries about the environmental impact, high electricity usage, and noise levels from large crypto mining setups. Some also feared that removing local control could make it harder for communities to handle these issues.

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Notably, Crypto mining, especially for Bitcoin, uses powerful computers that consume large amounts of energy to validate transactions. Although it has faced criticism for its environmental footprint, new research from the MiCA Crypto Alliance and Nodiens shows progress in sustainability. Coal usage in Bitcoin mining has dropped from 63% in 2011 to 20% in 2024, while renewable energy use has been rising by about 6% every year.

The Global Mining Outlook

Around the world, crypto mining is under tight watch. In Canada, the province of Manitoba recently extended its pause on new mining projects to control electricity demand. In Russia, President Vladimir Putin signed new laws to regulate crypto mining, introducing clear rules but not full legalization. These global moves show that governments are trying to balance economic opportunity with environmental responsibility.

What’s Next for New Hampshire

The New Hampshire Senate will revisit the proposal in 2026 after further study. For now, the state is taking a cautious approach, aiming to support the crypto sector’s growth while addressing environmental and community concerns.

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