Simple Mining(@simpleminingio):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?

Simple Mining

@simpleminingio

We turn power into Bitcoin & compute. Hosted mining for investors. Based in Cedar Falls, Iowa. Inc 5000 #175#

Joined June 2021

475 Following 25.3K Followers

Simple Mining@simpleminingio

2026.07.15 14:48

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?