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0 sats \ 5 replies \ @justin_shocknet 8h \ parent \ on: Bitcoin Hashprice Falls to Record Low... bitcoin_Mining
You'd otherwise be able to depreciate the miners over the 3 years anyway, so it still comes down to whether or not the miners themselves are economical. You're not going to sink 200k into miners just to pull forward 2 years of depreciation, which would be only 10k savings in this current year.
The pull forward I think is more about keeping executives in stocks this year knowing things would get tight, and a massive earnings pump going into mid-terms next year (since all depreciation will hit earnings this year instead of next)
... now you've got me talking myself into at least looking at mining stocks fml
You'd otherwise be able to depreciate the miners over the 3 years anyway, so it still comes down to whether or not the miners themselves are economical.
True, but depending on your specific tax situation, being able to claim 100% right now in year 1 may reap benefits that wouldn't serve you if you had to depreciate over a longer term....Being able to reduce your AGI today from $200K -> $100K (in the case of long-term cap gains + a $100K miner purchase) may be a much bigger benefit than reducing by $33k per year in the same scenario.
... now you've got me talking myself into at least looking at mining stocks fml
I think AI purchases also qualify....now you know why Nvidia is booming too...
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Nvidia is booming too
There's may be a relation there with the AI chips and ASIC chips, hoarding, given the chatter from IC about a blockade of Taiwan... ASICS also get new datacenters cash flowing while AI chips are backordered
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while AI chips are backordered
And its not generally possible for a solo person to earn money by buying AI chips....you're not being paid in bitcoin day-in day-out on that purchase. Thats why miners are such a better deal for individuals whereas AI chips are only a tax benefit to big corporates
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Everyone should expect a 2027 blockade of Taiwan
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Wulf, Iren, CIFR
plus clean spark, riot, mara, hut
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