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Wulf, Iren, CIFR
plus clean spark, riot, mara, hut
happen to know if any of those turds exclusively mines Bitcoin? or would I have to consider extra losses from shitcoinery and inference compute?
Clean Spark just started pivoting to AI/HPC
WULF does not hodl, they always sell any btc they mine
Riot and Mara are relatively late to AI/HPC but they have the infrastructure
Bit Farms is closest to an exclusive bitcoin miner because they are ASIC heavy
You'd otherwise be able to depreciate the miners over the 3 years anyway, so it still comes down to whether or not the miners themselves are economical.
True, but depending on your specific tax situation, being able to claim 100% right now in year 1 may reap benefits that wouldn't serve you if you had to depreciate over a longer term....Being able to reduce your AGI today from $200K -> $100K (in the case of long-term cap gains + a $100K miner purchase) may be a much bigger benefit than reducing by $33k per year in the same scenario.
... now you've got me talking myself into at least looking at mining stocks fml
I think AI purchases also qualify....now you know why Nvidia is booming too...
Nvidia is booming too
There's may be a relation there with the AI chips and ASIC chips, hoarding, given the chatter from IC about a blockade of Taiwan... ASICS also get new datacenters cash flowing while AI chips are backordered
Everyone should expect a 2027 blockade of Taiwan
while AI chips are backordered
And its not generally possible for a solo person to earn money by buying AI chips....you're not being paid in bitcoin day-in day-out on that purchase. Thats why miners are such a better deal for individuals whereas AI chips are only a tax benefit to big corporates
You'd otherwise be able to depreciate the miners over the 3 years anyway, so it still comes down to whether or not the miners themselves are economical. You're not going to sink 200k into miners just to pull forward 2 years of depreciation, which would be only 10k savings in this current year.
The pull forward I think is more about keeping executives in stocks this year knowing things would get tight, and a massive earnings pump going into mid-terms next year (since all depreciation will hit earnings this year instead of next)
... now you've got me talking myself into at least looking at mining stocks fml