Biden's DAME Mining Tax is an Attack on Bitcoin
The Breakdown
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The White House's Argument for Banning Bitcoin Mining
Banning mining in the US won't cause there to be less Bitcoin mining, it will simply mean that mining occurs elsewhere. Other dominant jurisdictions for Bitcoin mining are China, Russia, Kazakhstan, Iran, Venezuela, Malaysia, and Canada. The drop-in hash price caused by the de facto ban would make mining more profitable - allowing for high carbon intensity mining to come online. This is just a way to go after the industry which they do not support. It's just a virtue signal, break things, and move right along.
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