The Biden Administration wants to put a BIG tax on bitcoin mining to the tune of 30%. Is it me or does this administration NOT like crypto? Also, Fed chair Jerome Powell will probably raise rates. Zzzzzz.
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BIDEN ADMIN REPORT – https://www.whitehouse.gov/cea/written-materials/2023/05/02/cost-of-cryptomining-dame-tax/
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35 Comments
How much fossil fuels are spent worldwide creating other digital products ?
– chips , batteries ect ?
Are we taxing other high energy use sectors like A/C ?
F biden
Omg hope your son gets better!
Rob God bless you and all of your loved ones!
Salutations from the City Of Angels next time hopefully you’ll be visiting under better circumstances!
Is US government really doing what the people expect them to do? They were elected by the people. Feels like the people in our government has forgot about it.
How bout 99% tax on DC back to the people, more wasted energy expelled there than anywhere on earth
Bitcoin mining tax.. That's forks up the Celsius recovery plan then.tks Biden.
30% Tax stifles innovation! Regulation headed in all the wrong directions, smh.
Leave the US. Get the fk out, like NOW. And go to a jurisdiction that hasn’t run amuck
America deserves everything that is coming.
I’m a moderate. Don’t believe in the two party system but right now we need a republican back in office. Wtf.
The Biden administration has been a catastrophe in all sectors of American politics, let's not downplay this Buffoon
Maybe power the rigs with EVs lmao.
All the tactics to push crypto out … yessss just come to Europe … to bad that this happens.
How much electricity are the tens of millions of illegals using?
The blue team is tirelessly finding ways to destroy everything America every chance they get. 🎉
sorry about your sons accident, hope he recovers well. And thank you Rob for a great and level headed video as usual ❤
They don't recognize crypto as an asset , they don't regulate the market, they encourage fraudsters like SBF to steal crypto and they tax crypto miners like nobody else. U.S. Government is desperate and everyday sinks deeper in the sea of its own lies!
Don't Look Down
Vote these crooks out of office next election!
I don't understand why YouTubers make a HUGE deal out of White House tax proposals, we already know they (WH) are idiots! Nothing happens without Congress, when Congress starts debating a stupid tax proposal, that's when you should take note!!
Maybe it's time to get political and use your influence…..but it probably affects your bottom line so you will stay neutral.
Democrats are protecting the US dollar, that's all.
The American gov is destroying the economy and crypto
I just want to say thank you Rob. I am glad to see you continue to put good content and news out.
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Always with the "pay fair share". They know that manipulates people into agreeing. Biden admin has been a disattese at every level very sad. But orgnge man bad- media told me so. 🙄 6:49
I dont think this tax will pass. If they do…they should also look at atm's, bank data centers, market systems, every workstation in the banking industry that the crypto industry replaces.
Hmmm, wonder how much electricity Amazon is using for their server farms. Trading and owning stocks? How about taking kickbacks from Lobbyists?
Rob! Thank you so much for all you do! Have a great day!
Hello Rob. I would like your comment regarding the DIY project called NerdMiner: "Build your Bitcoin Miner | NerdMiner v2 | LotteryMiner". Is not about making money or mining bitcoin. The hash rate is soooooo low, that the chances of mining BTC is like the same as winning the lottery. It's about learning electronics and mining. My question is… Is that good for the network? Imagine we have 1000 new BTC miners out there. With a very low hash rate. What do you think?
I think if anyone is in this space you are not nor should you be onboard with the current administration!
Then pay more taxes upon cashing out, what a fucking joke 🙄
Been a while since we saw 9k BTC and 637 ETH… Get Rdy.. They about to dump the 83% that they are holding…
Of course they want to collect more tax revenue, any way possible. They need to make up for the hundreds, yes hundreds of thousands of tech layoffs, and the fact that more and more people are falling into poverty, to name a couple things. So the rest of us need to step up and donate more for the oligarchy to play with, any way they see fit.