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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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File: 27 KB, 680x350, 9394E94E-2791-4E37-894D-E72C0E2C0DFF.jpg [View same] [iqdb] [saucenao] [google]
52404704 No.52404704 [Reply] [Original]

Hey miners
How are those electricity bills looking?
It’s ok
Capitulate
It’s time

>> No.52404718

what are you even mining now that ETH is PoS and with BTC you need special machinery.

>> No.52404730

>>52404704
I mine btc in my school

>> No.52404746

It is all giving negative income, not worth it.

>>52404718
There are other coins, but it's no worth it

>> No.52404806

>>52404704
>Have brick and mortar business
>Have ASIC running in utility room
>Deduct ASIC as IT expense
>Electricity is a tax deductible business expense
>Unreported BTC goes to wallet
>Deduct utilities from taxes
It's going pretty well actually.

>> No.52404820

>>52404730
>t. groomer

>> No.52404825

>>52404704
can sb explain me this miners capitulation meme ? i thought they are just mining and insta selling when they get their rewards is that not the case?

>> No.52404988

>>52404825
no one does this

>> No.52405006

>>52404718
etc

>> No.52405043

>>52404825
lots of miners took on debt to expand operations instead of selling bitcoin because they thought the price would keep going up forever. Or they used their ASICs as collateral for loans. In the latter case don't see how that'd hurt the price of bitcoin it just means the ASICs would be repossessed and sold to someone else

>> No.52405172
File: 25 KB, 795x380, 1549224550048.jpg [View same] [iqdb] [saucenao] [google]
52405172

>>52404806
Reported tax leaching parasite

>> No.52405277
File: 79 KB, 500x504, 1662934477142273.jpg [View same] [iqdb] [saucenao] [google]
52405277

>>52405172
I got it. You have never actually paid taxes. Where in my scenario is the taxable event?

>> No.52405287

>>52405277
now do 2022 lmfao

>> No.52405329

>>52405287
>2022
Nope, just checked QuickBooks and TurboTax. No tax liability. But my accountant is going to look at it anyway.

>> No.52405339

>>52405329
I'm talking about the pic you posted retard

>> No.52405393

>>52404704
When bitcoin block reward will halve?
at May 2024?
The day that will end crypto due to energy prices.

>> No.52405444

>>52405339
In 2022 $20 is just enough buy lunch at the McDonald's drive thru. Maybe you can get a pack of chicken and a potato. 1 BTC is still more than most people make in 2 months.

>> No.52405518

>>52405444
2022 1 btc can get you a used go-cart

>> No.52405939

>>52405518
Cool. Still not paying taxes on my fake internet money. I stack sats everyday. And (you)?