Simple Mining
@simpleminingio
We turn power into Bitcoin & compute. Hosted mining for investors. Based in Cedar Falls, Iowa. Inc 5000 #175#
475 Following 25.3K Followers
Bitcoin got more expensive today. The hardware didn't.
Twelve days left to claim bundle pricing on the S21j XP Hydro.
Buy more units and you pay less per unit. The rate comes down with it from the first bundle on, which is the part that keeps paying every month afterward.
Racked, powered and maintained in our Iowa facilities.
Show more
A 401(k) defers your tax bill. It doesn't cancel it.
Section 179 does what the retirement system can't: it lets a business write off a capital purchase in full, in the year it goes to work.
If you deploy S21 XP miners before December 31, 2026, you can deduct the full hardware cost from this year's taxable income.
Not in 30 years, when the rate may be higher.
Monthly hosting at $0.07 to $0.08 per kWh is an ordinary business expense.
You can deduct it each month.
If you own a business and you’re facing capital gains, a high-income year, or a big tax bill in April, this structure can work in your favor.
Show more
Researchers just built a Bitcoin miner out of fly brain neurons.
1 watt per terahash. Ten times more efficient than the best silicon on the market.
It's also microscopic, biological, and nowhere near deployable at scale.
While the labs figure that out, 20,000+ S21 XP machines are hashing across nine sites in Iowa at 13.5 joules per terahash.
The fly brain is a great story.
But the S21 XP is what actually finds blocks today.
Show more
Don't worry Jason, we'll mine our way through new all-time highs.
Bitcoin just jumped 11.46% in 24 hours and crossed $72,000 again.
That kind of move can make your heart race.
If your finger is hovering over the buy button on an exchange, pause for sixty seconds.
If you buy spot, it’s KYC.
Your cost basis gets stamped today.
And a tax bill may be waiting when you sell.
If you buy miners, an S21 XP at $0.08/kWh can make about ~$261 in Bitcoin a month, while hosting costs about ~$210.
Section 179 may let you write off the rig in the year it starts hashing.
And Bitcoin can land in your wallet straight from the block reward.
One path chases the candle.
The other owns the machine producing the next block.
Your choice.
Show more
Bitcoin mining update from a real hosted fleet.
Under current market conditions, a client running 26 machines is producing roughly 0.05 Bitcoin a month.
Power and hosting at our $0.07 to $0.08 per kWh all-in rate covers the operating cost. The Bitcoin stacks on top.
This is what productive Bitcoin exposure looks like: hardware working while you sleep.
(Exact profit depends on hashprice)
Show more
The tax code was written to reward businesses for buying equipment.
A Bitcoin miner counts.
Depreciation. It lets a business deduct the cost of the machines it invests in, and on paper a miner sits in the same family as an excavator or a pizza oven.
Under current rules it can put the full purchase price against active income in year one.
A machine that produces Bitcoin while it depreciates. Can we ask for much more?
Show more
