this post was submitted on 09 Feb 2024
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Just 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption (www.tomshardware.com)
submitted 9 months ago by [email protected] to c/[email protected]
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[–] [email protected] 2 points 9 months ago (1 children)

What does the government do with all the extra revenue? Theoretically it should be able to reduce other taxes proportionally so that those with low carbon usage come out ahead instead of just being a negative for everyone.

[–] [email protected] 2 points 9 months ago

Yup, the Climate Action Incentive is a Pigouvian tax, so the government estimates the revenues, divides that up to comes up with a number for each resident, and we receive it back in quarterly payments.