Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Biden is asking Congress to kill the American Bitcoin mining industry
by
seoincorporation
on 23/04/2024, 00:52:13 UTC
⭐ Merited by JayJuanGee (1)
He is not looking to kill it, he is trying to impose the DAME tax, DAME means Digital Asset Mining Energy, and the idea is to start with this tax from 10%, then 20% in the next year and 30% on the 3rd year.

So, the plan isn't to ban the mining, but with those huge taxes, no one will want to mine there. Is not a good business. But i don't think congress will let that tax come to live, and if it does, they will stop it before the 3rd year, because other way people will start creating illegal farms.