Replying to Avatar Carla 🧡⚡️

The Biden administration wants to slap a 30% tax on electricity used for Bitcoin mining and double the capital gains tax to 40%.

The State hates Bitcoin & it hates you.
Avatar
ChewyBTC 2y ago

That will directly result in Mining being moved away from the USA and boost P2P BTC

Neither is good for the Country, but Bitcoin doesn’t care

Reply to this note

Please Login to reply.

Discussion

Avatar
btc.mining search bot 2y ago

#[0]

Avatar
hongumart 2y ago

Yep. Hash power just going to move elsewhere. Hash rate will remain the same.

Avatar
Carla 🧡⚡️ 2y ago

Not the first time it’s happened! 🇨🇳

Avatar
Carla 🧡⚡️ 2y ago

100%

The State is shooting itself on the foot, as per usual

Avatar
BitcoinBadger 2y ago

Has Biden done anything good for the country yet?!? Slippery slope determining what are good and bad uses of electricity/utilities.