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Why not create incentives to mine crypto with solar? Lower or eliminate any sort of capitol gains taxes on crypto mined with solar, make solar panels tax free
by ravenstine 5y ago
Why not create incentives to mine crypto with solar?
Lower or eliminate any sort of capitol gains taxes on crypto mined with solar, make solar panels tax free for companies that mine crypto, and crypto would not only go up in value but the solar industry would also be supported.
Oh yeah. The Federal Reserve and the central banks need fiat.
- rank0 5y agoIs this a serious suggestion? Us peasants have to work for the government 4 months a year and even after our take home we eat taxes on purchases, investments and property. But yeah, let’s give crypto miners the tax breaks surely they deserve it…
- ravenstine 5y agoIt's serious to the extent that I'm introducing it as a topic of discussion. Whether I wholeheartedly believe in it is a different story. As I mentioned to someone else, applying a solution to one particular problem doesn't exclude it from being applied elsewhere.
- azth 5y ago> we eat taxes on purchases, investments and property. Maybe lobby to lower taxes then?
- latchkey 5y agohttps://oilcity.news/wyoming/legislature/2021/04/15/gordon-signs-bill-exempting-wyoming-natural-gas-flared-for-cryptocurrency-mining-from-taxation/ https://oilcity.news/wyoming/legislature/2021/04/15/gordon-s...
- graeme 5y agoWhy would you want to give crypto a selective subsidy vs subdizing solar for all? (If solar subsidy is your goal) Picking winners doesn’t work very well
- ravenstine 5y agoWell, I didn't say it couldn't be subsidized for all. In fact that'd probably a great thing. Just applying a potential solution to one particular problem doesn't exclude it from being applied elsewhere.
- sudosysgen 5y agoBecause you could use that existing solar for more useful things.
- missedthecue 5y agoWhy do we want to subsidize a huge block of solar panel production going toward crypto mining? Not to mention the waste of computing resources that crypto burns through on a constant basis. The core problem of crypto is that despite what its promotors seek in vain to prove, it provides little societal value, while requiring a constant flow of an enormous amount of resources. This doesn't change whether your GPU farm is connected to a coal plant or solar field.