On: Biden proposes a 30% climate tax on crypto mining

[cs702]

...which, if enacted, will cause any/all mining done in the US to migrate out of the US.

Do we really want all these legitimate tech operations to depart the US?

Is that really what the Biden administration wants?

Doesn't it seem... I don't know, shortsighted?

[deserialized → cs702]

Playing the world's smallest violin for all the tech bros drowning in GPUs but unable to figure out how to pivot to a hosting company or running GPU-enabled jobs instead. So very sad for them and their 1000 rtx 3070s that nvidia reported as revenue for their gaming business.

[paulryanrogers → cs702]

> Do we really want all these legitimate tech operations to depart the US?

Cryptocurrency has had a over a decade. It's still mostly pump-and-dump with a few barely useful niches. Doubtful it will be missed in the US.

[superchroma → cs702]

Yes, they should depart the planet, too.

[jaimehrubiks → cs702]

What's the benefit of those mining facilities for the US citizens?

[cyanydeez → cs702]

Yes.

Nothing but. Scam tokens.