Honestly, miners should leave the USA and move to any other country where electricity bills are very low. Otherwise, they should use renewable energy to mine Bitcoin. Who wants to pay an overcharge? So definitely, miners won't welcome this decision. Rather than argue with the Biden administration, miners should find other places where crypto is legal and the cost is also lower. The US will always try to take advantage of anything related to crypto. A large number of citizens got involved with crypto. So they want to control everything and charge high.
Yes, indeed, if the tax remains the same, then all the miners will be exited from the US, because at first there is so much cost on the mining plants, and then the electricity bill, and if it is increased by 20% to 30%, it will be a very difficult and hurdle. Will become for miners to live in the United States. If we look at it in technical terms, it takes 143 kWh of power energy to mine one Bitcoin, so if more 10℅ is implemented on it, it becomes very expensive to spend on an on an electricity bill for a miner.
So if these conditions continue, there is a possibility that miners will move from the United States and start mining in a cheaper country where the electric bill cost is lower. I think Algeria would be good if there were one of the world's lowest electricity bill prices. Like $0.033 per kWh for the business district and if we talk about the total cost, it costs $4,183 to mine one Bitcion. So Algeria is one of the best countries for doing mining.