According to Worldometer, the global energy consumption of Bitcoin mining alone is estimated at around 0.59% of the world's energy usage. Therefore, Biden’s plan to tax crypto mining might help reduce emissions.
Cryptocurrency miners based in the United States could soon face a tax equal to 30% of the cost of electricity they use if President Joe Biden’s proposed budget for the fiscal year 2024 is approved by Congress, but the proposal has sparked debate about whether it would actually decre...
