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Percentage increase in operational costs for crypto miners by end of 2024 due to proposed tax?
3
Resolution / Starting Odds
Less than 50% • 25%
50% to 75% • 25%
76% to 100% • 25%
More than 100% • 25%
Financial reports from major crypto mining companies and industry analyses
Story
IMF Proposes $0.047/kWh Tax on Crypto Miners, AI Centers to Curb Emissions
Aug 16, 2024, 07:48 AM
The International Monetary Fund (IMF) has proposed a significant increase in electricity taxes for crypto miners and AI data centers to address the surging carbon emissions from these industries. According to the IMF, crypto mining and AI data centers now account for 2% of global electricity use and nearly 1% of global emissions, and their environmental footprint is expanding. The IMF suggests implementing a $0.047 per kilowatt hour tax, which could lead to an 85% increase in costs for crypto miners. This measure aims to reduce carbon emissions by 100 million tons and generate $5.2 billion in revenue. IMF officials Shafik Hebous and Nate Vernon-Lin are advocating for this global tax as a means to mitigate the environmental impact of these energy-intensive operations.
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Yes • 50%
No • 50%
Relocation to Tax-Free Regions • 25%
Investment in Renewables • 25%
Legal Challenges • 25%
Compliance with Tax • 25%
0-10% • 25%
11-20% • 25%
21-30% • 25%
Above 30% • 25%
Less than 10% • 33%
10% to 20% • 33%
More than 20% • 34%
Increase by over 50% • 25%
Increase by 25-50% • 25%
Increase by less than 25% • 25%
No significant increase • 25%
Fossil Fuels • 25%
Renewable Sources • 25%
Both Equally • 25%
No Distinction • 25%
Approve the proposal • 25%
Reject the proposal • 25%
Propose a modified version • 25%
No official response • 25%
