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The Cool Down

The Cool Down

A new crypto tax could make Bitcoin mining more costly — here's why it's gaining traction

The Cool Down
Summary
Nutrition label

71% Informative

A new crypto tax could make miners who depend on dirty fuels pay more than others.

Proponents of implementing a crypto tax believe it could prevent the dire consequences of inaction.

A task force at the 2024 U.N. Climate Change Conference proposed a $ 0.045 per kilowatt-hour climate tax for miners.

The Biden administration also suggested a 30% tax on electricity consumed by crypto miners.

VR Score

61

Informative language

54

Neutral language

5

Article tone

semi-formal

Language

English

Language complexity

65

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

24

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