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Im curious to know how much more in taxes you think I should have to pay on my mining profits above and beyond the capital gains taxes I already have to pay. I

Im curious to know how much more in taxes you think I should have to pay on my mining profits above and beyond the capital gains taxes I already have to pay. I'd understand if you wanted all economic activity to have to figure in the negative externalities before a profit could be realized by stake/shareholders, but your comment implies to me that crypto should have some kind of special tax because you're upset you cant buy a gpu.

gchamonlive 6y ago
> because you're upset you cant buy a gpu. This is exactly the kind of antagonism that is detrimental to everybody. Read op comment again: > Mining trashes the environment and, for the majority of crypto assets/volumes, does not provide genuinely valuable economic activity besides speculation I am not "upset I can't buy a GPU", mining uses a lot of power[1] and its environmental impact is not being taken into consideration. So yeah, if mining is damaging the planet and if we can assess the damage quantitatively and link it to mining without a doubt, it should have to be taxed accordingly. [1] https://www.bbc.com/news/technology-56012952 https://www.bbc.com/news/technology-56012952
- lozaning 6y ago
  > So yeah, if mining is damaging the planet and if we can assess the damage quantitatively and link it to mining without a doubt, it should have to be taxed accordingly. Replace 'mining' with 'anything' and I fully understand as I'd said. If I'm running 3,000 watts worth of GPUs at home to heat my house, and you're running 3,000 watts worth of space heaters at your house, I'm certainly not damaging the environment anymore than you are. We should both pay the FULL cost of the toll the generation of the required electricity cost to run our equipment. Why I should pay taxes above and beyond what I already do because my heater makes money is where you totally loose me.

gchamonlive 6y ago

> because you're upset you cant buy a gpu. This is exactly the kind of antagonism that is detrimental to everybody. Read op comment again: > Mining trashes the environment and, for the majority of crypto assets/volumes, does not provide genuinely valuable economic activity besides speculation I am not "upset I can't buy a GPU", mining uses a lot of power[1] and its environmental impact is not being taken into consideration. So yeah, if mining is damaging the planet and if we can assess the damage quantitatively and link it to mining without a doubt, it should have to be taxed accordingly. [1] https://www.bbc.com/news/technology-56012952 https://www.bbc.com/news/technology-56012952

lozaning 6y ago
> So yeah, if mining is damaging the planet and if we can assess the damage quantitatively and link it to mining without a doubt, it should have to be taxed accordingly. Replace 'mining' with 'anything' and I fully understand as I'd said. If I'm running 3,000 watts worth of GPUs at home to heat my house, and you're running 3,000 watts worth of space heaters at your house, I'm certainly not damaging the environment anymore than you are. We should both pay the FULL cost of the toll the generation of the required electricity cost to run our equipment. Why I should pay taxes above and beyond what I already do because my heater makes money is where you totally loose me.