Topic: Biden proposed 30% mining tax. what would impact on Bitcoin mining? - page 4. (Read 631 times)
March 10, 2023, 08:01:34 PM
In my humble opinion, this will lead to the concentration of miners in the large entities (eventually exposed to the government) that can afford having their own power plants (talking about the U.S. of course).
March 10, 2023, 06:52:31 PM
President Joe Biden's administration has imposed a 30% tax on bitcoin mining electricity use. Bitcoin mining was not very profitable even though this tax was not levied in the past. But what impact will the new electricity cost have on Bitcoin mining?
Bitcoin mining profitability is mostly seasonal with several factors determining the profitability such as Bitcoin Price, hash rate and the changes in Bitcoin transaction fees.Quote
Will this additional electricity tax attract new miners to Bitcoin mining?
Will the 30% tax on Bitcoin mining work outside the US? 
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What will be the impact on hashpower for a 30% mining tax?
Absolutely nothing, mining is not done only in the US. Also, not everyone in the US will stop mining because of the 30% mining taxQuote
What are the old mining companies thinking about this tax?
If you were a miner, what would you think about the tax? 
March 10, 2023, 06:27:05 PM
President Joe Biden's administration has imposed a 30% tax on bitcoin mining electricity use. Bitcoin mining was not very profitable even though this tax was not levied in the past. But what impact will the new electricity cost have on Bitcoin mining?
Will this additional electricity tax attract new miners to Bitcoin mining?
What will be the impact on hashpower for a 30% mining tax?
Even before the imposition of this tax, some mining companies were in losses.
What are the old mining companies thinking about this tax?
Will this additional electricity tax attract new miners to Bitcoin mining?
What will be the impact on hashpower for a 30% mining tax?
Even before the imposition of this tax, some mining companies were in losses.
What are the old mining companies thinking about this tax?
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