“Currently, cryptomining firms do not have to pay for the full cost they impose on others, in the form of...increased greenhouse gas emissions,” the CEA wrote. “The DAME tax encourages firms to [take] better account of the harms they impose on society.”
The Greenidge Generation bitcoin mining facility in Dresden, N.Y. The plant also produces power for the state's electricity grid.
“Where we see the strains emerging are in these places that are drawing off the grid, where this starts getting noticed at the level that communities are pushing back and are experiencing consequences of it,” an economist on the CEA who spoke on the condition of anonymity told Yahoo News. “Localities are dealing with it, and they’re struggling to come up with solutions on their own.”
The Hardin Generating Station, a coal-fired power plant that is also home to the cryptocurrency mining operation Big Horn Data Hub, in Hardin, Mont.
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