> BTC mining is just one of those operations that is resistant to a carbon tax since the price of BTC and therefore the mining rewards can just rise to compensate.
I don't follow your logic, could you elaborate? One could say that about other things subject to carbon tax. Like all goods and services, the price is set by how much people are will to pay for it.
"the price people are willing to pay for short-haul flights could just increase, and therefore the airline profits are unaffected."
"the price people are willing to pay for aluminium could just increase, and therefore the smelters are unaffected."
They don't really make sense. Carbon taxing would change miner behaviour, because greener energy would be more attractive (by virtue of being cheaper, especially with carbon taxing and reduced fossil fuel subsidies).
I don't follow your logic, could you elaborate? One could say that about other things subject to carbon tax. Like all goods and services, the price is set by how much people are will to pay for it.
"the price people are willing to pay for short-haul flights could just increase, and therefore the airline profits are unaffected." "the price people are willing to pay for aluminium could just increase, and therefore the smelters are unaffected."
They don't really make sense. Carbon taxing would change miner behaviour, because greener energy would be more attractive (by virtue of being cheaper, especially with carbon taxing and reduced fossil fuel subsidies).