Inside His Capitol Workplace: Michigan Rep Mines BTC While State Pushes Abandoned Well Tax-Free Mining Expenses!
Michigan Rep. Matt Maddock mines Bitcoin from his state House desk using a peaceful, low-power Bitaxe Gamma mini ASIC system. His public mining act highlights Michigan bills promoting crypto mining in abandoned oil/gas wells for ecological cleanup. A Michigan state agent is running a Bitcoin mining device from his desk inside the House chamber. Matt Maddock verified the activity by sharing a post from the Michigan Bitcoin Trade Council’s X account.
State Agent @matthewmaddock is leading the charge for innovation in Michigan by bringing a Bitcoin miner straight onto your house floor! This isn’t just symbolic– it’s a vision for the future: Renewable energy + Bitcoin, Reusable heat, Strengthening decentralized…
Representative Maddock utilizes a Bitaxe Gamma unit. This is a small computer designed for home Bitcoin mining. According to Solo Satoshi, the device produces up to 1.2 terahashes per second (TH/s) and uses only 18 watts of electricity. Standard industrial Bitcoin mining machines are much larger, noisier, and generate significant heat. The Bitaxe Gamma’s compact size and lower operation profile allow its use in places like an office or, of course, a legislative floor.
Maddock’s public mining operation takes place as Michigan considers new laws about cryptocurrency. State lawmakers recently introduced bills focused on encouraging crypto investment and mining within Michigan. One proposal, House Bill 4512 (HB4512), would create a specific program allowing private companies to use old, abandoned oil or gas wells for Bitcoin mining. Companies participating in the program would need to properly seal these wells and restore the land after mining concludes. The idea is to utilize leftover energy resources at these sites for mining, promoting environmental cleanup without solely relying on public funds.
Another related bill, HB4513, proposes changes to Michigan’s Income Tax Act. If HB4512 passes, HB4513 would enable participants in that mining program to deduct their Bitcoin mining income. Both individuals and corporations could claim this deduction against their adjusted gross income, contingent on HB4512 becoming law first. Both bills are currently in the early stages of the legislative process, requiring committee review, potential amendments, and votes in both the Michigan House and Senate before potentially reaching the governor.
The post Inside His Capitol Workplace: Michigan Rep Mines BTC While State Pushes Abandoned Well Tax-Free Mining Expenses! originally appeared on ETHNews.
