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Casper

Crypto Mining?

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Wow very nice set up! I have the basic questions, what are you mining? How is the noise? Does your profit offset the electricity usage/are you keeping what you mine or selling?

Also for tax purposes could you claim crypto mining as a business and write off some of those electricity bills? Interesting thought.

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14 minutes ago, griffpage said:

Wow very nice set up! I have the basic questions, what are you mining? How is the noise? Does your profit offset the electricity usage/are you keeping what you mine or selling?

Also for tax purposes could you claim crypto mining as a business and write off some of those electricity bills? Interesting thought.

Depends where you are I guess and if you did that then you also would have to pay tax on the profit you make. I know in Aus if you make under 20k a year from it, it can be classed as a hobby and you don't have to pay tax, I'd chat to someone and see if it's worth it.

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