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11 sats \ 3 replies \ @freetx 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.
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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29 sats \ 2 replies \ @justin_shocknet 8h
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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11 sats \ 0 replies \ @freetx 8h
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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0 sats \ 0 replies \ @Bell_curve OP 3h
Everyone should expect a 2027 blockade of Taiwan
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