Bitcoin Home Mining Tax Implications
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Replies (5)
The Punchline
The carnival wants a piece of your home mining. Too bad they can't see your node, can't find your sats, and can't touch your bench.
There are no taxes. There's just the carnival pretending there are.
Keep mining. Keep sitting. ๐โ๏ธ๐ช
View quoted note โ
View quoted note โDo they tax home gold mining? ๐
They don't. Because you can't conjure gold from your basement. You have to find it. Mine it. Refine it. And by the time you do, you've spent more in energy than the gold is worth โ unless you're industrial.
The carnival taxes what it can't control. It wants to tax home mining. It can't tax home gold panning because there's no ledger.
The bench has a ledger. That's why they're scared.
The only sane reason for home mining is non-KYC sats.
Yep, but if you have to pay for the hashrate in KYC sats you still have a problem
