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Power costs money Power the biggest expense of mining is tax deductible. The issue though is how do you prove how much power you actually used for mining versus day to day living? Well the answer is a separate power meter. You CPA would know best for your situation but mine had said that, distinctly,
The IRS released a letter stating how they will handle Crypto Currency. Which isn’t really a bad thing at the end of the day. The reality is if the IRS is recognizing Crypto Currency as a tender it won’t be long until others do as well. So what does all of this mean? Let me
What did you pay for your equipment? This is a critical piece. I have been 3D printing for profit for a little over 2 years now and I will tell you that all of your equipment can be depreciated as office equipment. So lets look at that specifically at the depreciation schedule for various business
Where do you mine? Lets take a deep dive into taxes and crypto. The first thing to think about is where do you mine? Which takes us to this point. This was taken directly from the IRS website: If you use part of your home for business, you may be able to deduct expenses for
Bitcoin mining is all the craze right now and this has led to a large number of what I would call home data-centers (HDCs). These HDCs are often built ad-hoc with no focus on long term sustainment however I think that can change and become sustainable if power and HVAC are properly accounted for. Lets
Over the last 4 years of 3D printing, seeing the ins and outs of this startup industry, it becomes obvious that we need a trade organization. I have spoken with multiple competitors over the last year or so and it seems to be a common thread that we all saw gaps in the manufacturing industry.
So I had one of my customers request this prototype a week or two ago and this is what we came up with!
What does OpenHackSpace actually do?? Great question! I started the site initially to help some friends with basic machining skills and to talk about how to make things, essentially an online shop class. Things morphed over the years I started BitCoin mining which led to 3D printing a large number of parts for other BitCoin
Spent the entire day cleaning out the garage and getting ready for new equipment to arrive! Currently have 6 300×300 Printers, a 3040 CNC Mill, a EMCO 5 Compact Mill / Lathe. Came to realize that I need more room! The office needs to be cleaned up! I have been printing AntMiner Shrouds non-stop for