Nebraska's Legislative Bill 526 (LB526), passed unanimously, ostensibly targets large energy users but effectively singles out Bitcoin mining. This law requires those with mining facilities of one megawatt or greater to cover costs for infrastructure upgrades and introduces strict operational limitations, making them the first to face energy curtailments during grid stress. LB526 also enacts a unique public disclosure requirement for mining energy usage, differentiating it from other sectors. While legislators dropped an earlier proposed tax on mining, the bill's provisions seemingly create a hostile environment for Bitcoin miners in the state.
LB526 is not explicitly anti-Bitcoin; however, it imposes strict operational constraints on Bitcoin miners, potentially leading to significant industry impacts.
Supporters view LB526 as a commonsense infrastructure bill, while critics see it as an intentional move to sideline Bitcoin mining from Nebraska's energy landscape.
The requirement for public disclosure of mining energy usage sets Bitcoin miners apart from other energy-intensive industries, raising concerns over fairness and discrimination.
LB526 mandates that Bitcoin miners bear the costs of infrastructure upgrades, reinforcing a perception of the law as punitive toward the mining sector.
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