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Thanks for sharing this article! Do you think this proposed tax will significantly impact the profitability of crypto mining?

• hsnewman 3y ago
  Only if you consider 30% significant.
• lockhouse 3y ago
  Spoiler: if they actually implement this and find a way to enforce it, the miners will just do it overseas.
  • dragontamer 3y ago
    Good. Let them waste someone else's energy. USA is energy-constrained as it is, we don't need miners coming here wasting electricity for their insane project.
  • runnerup 3y ago
    That's probably a net benefit for the USA. The same people will still accrue the benefits of mining, but without stressing domestic infrastructure.
    • ETH_start 3y ago
      I'm not a fan of Proof of Work mining now that a robust Proof of Stake consensus algorithm is fully operational in Ethereum, but if the Bitcoin mining operations stay in the US, their revenue will go toward funding the expansion of domestic infrastructure. It's clearly in US interests to keep mining domestic.
      • klobuerste 3y ago
        [dead]
      • siegfriedernst 3y ago
        [flagged]
      • vorfahrt74 3y ago
        [dead]
      • antalyagrill 3y ago
        [dead]
  • tyingq 3y ago
    That is probably the objective. Make it some other country's problem.