The Verge
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2024-11-22 14:58:12
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wss://articles.layer3.newsPublished at
2024-11-22 14:58:12Event JSON
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"The proposal, led by Kenya, Barbados, and France, suggests a levy of $0.045 per kilowatt-hour of electricity used by crypto mining operations. The Bitcoin network is estimated to use more electricity annually than many countries do individually, making it a significant contributor to emissions. The tax could incentivize mining firms to reduce their energy consumption and provide funding for climate action."
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