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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
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.
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