Simple Mining(@simpleminingio):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.

Simple Mining

@simpleminingio

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

参加 June 2021

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Simple Mining@simpleminingio

2026.09.17 17:47

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.