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11 sats \ 1 reply \ @freetx 6h \ on: Btc miners don't pray to god, they pay to btc Pls lower ur prices 🙏💀 bitcoin
Most of the new mining in US is due to "bonus depreciation" IRS rules. Direct profitability of mining is not the sole criteria for miners anymore.
As long as total returns over a 3 year period + residual value of miners is greater than current year taxes the situation will continue.
Exactly it is like now no daily profit thingy u gotta wait for 3yrs for the final taxation and bonus depreciation is just crazy
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