We [the developed world] would be outsourcing our Bitcoin pollution to these 3rd world countries and also contributing to “environmental racism” or whatever the left is calling it these days.
So at scale, damage is mitigated.
In the long run, renewable energy from wind and solar are already the cheapest forms of energy anyway.
https://www.forbes.com/sites/energyinnovation/2020/01/21/ren...
What if it is a worldwide mining pool that is paying out worldwide, like most coin mining pools currently do?
That would result in income earned in many different tax jurisdictions paid to many more tax jurisdictions, kinda impractical as the pool is contributing compute but the winnings are shared among all the miners.
And would we just use the honor system for Monero mined in China/India/Africa/Indonesia/wherever? There is no incentive apart from these hypothetical miners import agreement being revoked to not mix the coins up.
This might sound a little crass, but while I do agree that wind, solar, and nuclear are the future of power generation I also believe that cap and trade and its resultant currency of offset credits are morally equivalent to the indulgence system that the catholic church had set up in the medieval thorough early modern era.
So basically when Bill Gates is trying to offset his carbon credits he's basically paying the priests of his new religion to be able to fly all over the world without a guilty conscience, whilst the poors are agonizing over bagging their groceries with plastic bags because the red states don't want to ban them.
Ex: You sold some coin on an exchange for USD? If you can show the coin's origin, you get capital gain credit or something. And vice versa.