Obtain data to understand, monitor, and mitigate impacts : The Energy Information Administration and other federal agencies should consider collecting and analyzing information from crypto-asset enforcing reliability standards and emergency a privacy-preserving manner to enable evidence-based decisions on the energy and climate implications of crypto-assets.
If you earn income through crypto mining, the earnings are taxed as ordinary income. Over time, as miners deploy more advanced machines to solve PoW, the difficulty of equations on the network increases. Mining pools allow miners to combine their computational resources in order to increase their chances of finding and mining blocks on a blockchain. Raising operating expenses by taxing electricity might permanently damage the industry because energy is its primary resource, and no other cryptocurrencies fetch the same market value as BTC.
