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Author Topic: Tax on mining due to climate change.  (Read 1645 times)
emergingcoin (OP)
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February 03, 2014, 06:56:18 PM
 #21

mined coins will be gone within 2 years so the point is moot... except for perhaps bitcoin...


Thanks for the hint!  ;-)
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February 03, 2014, 06:57:34 PM
 #22

interesting topic.
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February 03, 2014, 07:26:44 PM
Last edit: February 03, 2014, 07:51:51 PM by whtchocla7e
 #23

Mined coins will not survive.
Or should I say the wasteful proof-of-work algorithms will not survive.

I don't think we will have to worry about a climate change tax...

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February 03, 2014, 07:51:49 PM
 #24

There is a solution to the electricity use of crypto miners, it's called Peercoin Wink
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February 03, 2014, 09:22:36 PM
 #25

Tax like Carbon tax???  What's it gonna call? Mining Tax?  Grin
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February 03, 2014, 10:36:19 PM
 #26

As far as I know, Bitcoin mining uses a relatively modest amount of electricity, especially with new ASICS. It's not as if Visa and PayPal don't use electricity, they have to run a ton of servers.

We don't need ANY more taxes. There are too many already.

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February 04, 2014, 04:39:40 AM
 #27

Taxes are only entities of governments.

Bitcoin will solve that.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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February 04, 2014, 06:30:39 AM
 #28

i laugh at anyone that thinks that bitcoins will ruin the environment.

take las vegas for instance. each light bulb to be as dazzling as they are would be atleast 100watts. now count up the millions of light bulbs per casino, just for their decorative display outside. then add on the electric for the heating and all the casino game/slot machines. and i havnt even got to the electric usage of the hotel part of las vegas ( air-con, room lighting, TV/entertainment centre)

so lets just put the hotels into numbers. (ignoring decorative casino's and residential houses)
aircon+TV+lighting per hotel room average 1kwatt multiply by 500 rooms = 500kwatt
now thats the equivalent to 1000 ant miners (180thash)

now multiply that by the amount of hotel's (122) on the strip.
so lets average 100 locations of the size mentioned above. which totals 18,000 Thash
you will find that las vegas's hotels alone out powers the electrical cost of bitcoin, and their choice of currency is poker chips

now lets look at new yorks electric bill for all of its buildings on wall street... (leaving you to ponder the electricity wastage of the dollar market)


*note: some hotels have 10 rooms with an adjacent micro-casino, some have well over 1000 rooms so i averaged out to low numbers, las vegas is more electricity wasted then my maths has shown

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