CRYPTO UPDATE

⚡️ Electricity prices for miners might increase by 85%?

The International Monetary Fund (IMF) proposed raising electricity prices for crypto miners by 85%. They believe that increasing fees could reduce emissions by 100 million tons per year, equivalent to Belgium's carbon footprint.

The authors also suggested implementing a tax on energy consumption by AI data centers.

🫠 It seems like they're all geniuses over there.