Fred Til: "The tax of President Biden on miners will not work" – Bits Media

At the beginning of the month, the US presidential administration Joe Biden proposed to introduce tax in 30% On the income of miners. But, According to the General Director of Marathon Digital Fred Til, Such a tax will not work.

According to Fred Til (Fred Thiel), The introduction of such dragon measures is simply will force mining companies to relocate their equipment and register offshore firms. Therefore, the United States will not only not receive additional funds, but even lose some of the money.

“Bitcoin miners will simply leave the United States. AND, it seems, This is exactly what, what the government wants to do ", - noted the CEO of Marathon Digital.

Til also counts, that the departure of miners from the United States will not spur the development of renewable energy, How the authorities hope, but, vice versa, make it even more difficult:

"Actually, Solar and wind power plants will build less. Because if you are building such a power station, then to connect to energy networks you need to wait 2 of the year. Miners allow power plants to work normally these two years and make their construction profitable ".

The top manager of the mining company also told, what, Although the regulators do not very hinder the work of miners, There are other participants in the economy, which counteract the development of the industry. for instance, Banking sphere, Which is negatively tuned to the entire cryptocurrency industry.

Besides, Many energy companies speak out against miners. The case is the construction of peak power plants, which produce energy only during peak loads. Miners smooth these peaks, Turning off the equipment, Therefore, the need for such stations is less.

Fred Til noted, that the US authorities are unlikely to completely destroy bitcoin. But they want, so that it would be extremely difficult for residents of the country to work with this asset. Therefore, Marathon Digital is trying to develop outside America. The company recently announced plans to build two mining farms in Abu Dhabin.

Recall, what is the reason for the introduction of tax in 30% On the income of miners in the United States, the impact on the climate from the farms.