IMF execs float raising crypto mining electricity prices by 85%

[larry_vw_1955]

A tax of $0.047 per kilowatt hour “would drive the crypto mining industry to curb its emissions in line with global goals,” the IMF Fiscal Affairs Department’s deputy division chief Shafik Hebous and climate policy division economist Nate Vernon-Lin wrote on Aug. 15.

If accounting for miners’ local impact on health, the tax would rise to $0.089 per kilowatt hour, the pair said.

https://cointelegraph.com/news/imf-crypto-miner-ai-electricity-tax-carbon-emissions

These would be TAXES on top of their actual electricity kw/hr cost.

[NotFuzzyWarm]

Who the fuck cares?
The IMF has zero input or power to control what countries charge for electricity much less setting taxes depending on what it is used for.

[larry_vw_1955]

Who the fuck cares?

obviously the IMF execs care. And I care. One of the problems with bitcoin is people who don't care about its environmental impact.

A tax on the energy used by crypto miners could cut emissions by 100 million tons a year, equal to Belgium’s emissions, say two IMF executives.


I think we should all be in favor of a tax of on bitcoin mining.

The IMF has zero input or power to control what countries charge for electricity much less setting taxes depending on what it is used for.

Did you even read the article?

However, they said there would need to be global coordination on the tax “as stricter measures in one location could encourage relocation to jurisdictions with lower standards.

obviously its something that the governments of the world need to work together on. it really benefits everyone. so why not. the only people that would be against such a taxing scheme are people that don't care about the environment. that's what i think anyway.

[Semen222]

A tax of $0.047 per kilowatt hour “would drive the crypto mining industry to curb its emissions in line with global goals,” the IMF Fiscal Affairs Department’s deputy division chief Shafik Hebous and climate policy division economist Nate Vernon-Lin wrote on Aug. 15.

If accounting for miners’ local impact on health, the tax would rise to $0.089 per kilowatt hour, the pair said.

https://cointelegraph.com/news/imf-crypto-miner-ai-electricity-tax-carbon-emissions

These would be TAXES on top of their actual electricity kw/hr cost.

Of course, I apologize, problems with electricity are important. But why then do coal power plants exist? Looks like another way to fill the coffers.

[larry_vw_1955]

Of course, I apologize, problems with electricity are important. But why then do coal power plants exist?

coal power plants exist for the same reason that nuclear power plants exist. to produce power to power peoples' homes and businesses. legitimate businesses though not something imaginary like digital assets.

Looks like another way to fill the coffers.

think of the tax as a way of discouraging people from getting into bitcoin mining in the first place. it's not that they are looking for new revenue, they're trying to discourage people from doing mining since as we all know, mining drives up retail rates. which is not good for consumers.