A new crypto tax could make Bitcoin mining more costly — here’s why it’s gaining traction
If cryptocurrency is the future of finance, miners who depend on dirty fuels could ultimately pay more than others. However, proponents of implementing a crypto tax believe it could prevent the dire consequences of inaction.
What’s happening?
As Forbes detailed, widely adopting cryptocurrency for financial transactions could cause environmental ruin, given that crypto mining requires massive amounts of energy and water.
What’s more, crypto operations can generate enough noise to be a public health menace, leading to a lawsuit against a facility in Texas.
While different types of crypto exist, Bitcoin is one of the most recognizable names. However, validating just one Bitcoin transaction — a process that…
