Re:Kazakhstan to restrict crypto miners amid power shortages
by Nextgrid on Wednesday November 03, 2021 @10:49AM
(#29095447)
Taxation could be a solution though, with rebates for low-income people and individuals. This means that the disadvantaged still get access to cheap power, where as crypto miners have to pay the (taxed) price which makes their operation less profitable.
[ Parent
| on HN ]
Re:Kazakhstan to restrict crypto miners amid power shortages
by AlexandrB on Wednesday November 03, 2021 @11:01AM
(#29095645)
It's not uncommon for poor people to not have spare money to float some taxes to the government for up to 12 months until they can get their rebate at tax time. That's assuming that the rebate is easy enough to get for 100% of those eligible to claim it.
This seems strictly worse than just taxing "mined" bitcoins more harshly.