Hi. I'm a newborn to crypto mining. Did some buying and selling. Now thinking of getting into mining. Is getting 4 S19K Pro with 115TH/s profitable. My electric rate is $.04 (county subsidy). Any advice is appreciated. Thanks
Thank you, interesting. A slightly off-topic question, how can I transfer money to a card using the words "bar buffalo stone electric maze limb oil match obtain rice above asset"?
Have you ever done a video on crypto taxes? If. Not then that would definitely be a good subject to possibly go over. Like, How are you taxed on crypto anyways? Does it go by the value of what it's worth when you first received it or does it go by the Value of what it is worth on the day that you cash out
Goes by the value of what it’s worth the day you sell it. The percentage your taxed also changes is you sell it after days/weeks or if you wait 1 year+
@lows6427 is it possible to ever look up the percentage (or however its done), so that you are able to maybe calculate those taxes before selling? That way someone can get an idea on what they are going to have to pay on them? If so, then it sounds like crypto taxes wouldn't be to bad. You'd essentially be chosing how much taxes your willing to pay and when to pay them
@@bpp5507 Yes you can figure that all out yourself by researching online or pay a CPA to do it all for you. I use a CPA myself so I know everything is being done correctly.
Hey Vosk! I try to use your affiliate codes with everything I do as far as purchasing from IceRiver and such as you've been an excellent guide to getting started. I've just recently started my ASICs mining journey a few months ago and was wondering. Is there a proper procedure or specific type of person to speak with regarding creating an LLC to operate the nodes under? I noticed a lot of banks immediately stop listening to me the second I say the word Crypto.
Find a crypto friendly bookkeeper\Accountant, in most cases you would run it like a online business, I'm not a financial advisor but that's how it works in New Mexico, I run Small mining shed, I have a total of 50 different asics most not efficient anymore. I do it as hobby.and mostly spec mine
We appreciate the support! I believe the process to create an LLC is slightly different in each state, but in VA it's fairly simple to do it online through the SCC. In terms of actual bookkeeping and taxes, I'd second James' comment above about finding a "crypto-friendly" accountant. There are some crypto-related software out there that also help generate mining revenue data.
Does anyone still win single blocks anymore? Used to be a thing you heard about, haven’t seen anything for a long time, curious if the ‘little guy’ can still get an occasional win?
I wonder if anyone has tried mining on a quantum computer. Given that it computes all solutions in parallel, it should be able to get 99.9% of the blocks. Honestly, I have no idea how quantum computers work, but the way it's been described implies that it can compute all possible outcomes at the same time, which in this case would be all possible hash solutions.
@@mr.potatochip8875 Yea, I really don't know much about QC, but even if it's not fast, if it could compute the entire solution universe, wouldn't that make up for somewhat slower speed? From what's been described to me, all possible results exist in the universe of solutions in a fixed time since they are all computed in parallel.
MrMOTO ...VOSK say OUR choice of Best Miner Today....we then choose BUY IN...and ASAP delivery BUTT.... HOW do we Choose THE best NODE n POOL or additional.😊😮 After all WE wanna mine THOSE early COIN,ME MEEE😊
Hosting seems like the way to go these days. Only problem is it's almost the same as leaving your coins in an exchange wallet.... the bastards might go busst and do a runner
I do hosting, cuz I sold my home to travel. You definitely get hit with a chunky hosting fee, then another fee to get them out of the exchange to my personal wallet. But...it's still more profitable than not mining at all. 😎 Personally, I my hosted mining goes into NIcehash, and I take it all out every couple weeks. I never leave anything in exchanges anymore. I'd rather pay transfer fees, than to risk leaving stuff in what amounts to someone else's wallet.
I really appreciate your efforts! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?
The resellers still have s21 in stock for pretty much the same price as the t21 The xp only cost 5800 But hardly worth 2800 more then the s21 Better to use to 2800 on solar
$2701.00, funny number they chose. 3, T36 triangles around 1 T37 triangle inverted is the 73rd Triangular number 2701 encoded to Genesis 1:1 in the Bible
As always, it's the guys selling the shovels making the easy money.
Can we get a similar video on Bitcoin miners you can put on a regular 120v wall plug? Preferably ones that doesn't take up a whole circuit to run?
Hi. I'm a newborn to crypto mining. Did some buying and selling. Now thinking of getting into mining. Is getting 4 S19K Pro with 115TH/s profitable. My electric rate is $.04 (county subsidy). Any advice is appreciated. Thanks
Thank you, interesting. A slightly off-topic question, how can I transfer money to a card using the words "bar buffalo stone electric maze limb oil match obtain rice above asset"?
Have you ever done a video on crypto taxes? If.
Not then that would definitely be a good subject to possibly go over. Like, How are you taxed on crypto anyways? Does it go by the value of what it's worth when you first received it or does it go by the Value of what it is worth on the day that you cash out
Goes by the value of what it’s worth the day you sell it. The percentage your taxed also changes is you sell it after days/weeks or if you wait 1 year+
@lows6427 is it possible to ever look up the percentage (or however its done), so that you are able to maybe calculate those taxes before selling? That way someone can get an idea on what they are going to have to pay on them?
If so, then it sounds like crypto taxes wouldn't be to bad. You'd essentially be chosing how much taxes your willing to pay and when to pay them
@@bpp5507 Yes you can figure that all out yourself by researching online or pay a CPA to do it all for you. I use a CPA myself so I know everything is being done correctly.
Just dunked my S21pro, its hashing away nicely!
For me is tthe anttminer l9 because it can mine bellscoin and it s the most profitable
Hey Vosk! I try to use your affiliate codes with everything I do as far as purchasing from IceRiver and such as you've been an excellent guide to getting started. I've just recently started my ASICs mining journey a few months ago and was wondering. Is there a proper procedure or specific type of person to speak with regarding creating an LLC to operate the nodes under? I noticed a lot of banks immediately stop listening to me the second I say the word Crypto.
Find a crypto friendly bookkeeper\Accountant, in most cases you would run it like a online business, I'm not a financial advisor but that's how it works in New Mexico, I run Small mining shed, I have a total of 50 different asics most not efficient anymore. I do it as hobby.and mostly spec mine
We appreciate the support! I believe the process to create an LLC is slightly different in each state, but in VA it's fairly simple to do it online through the SCC. In terms of actual bookkeeping and taxes, I'd second James' comment above about finding a "crypto-friendly" accountant. There are some crypto-related software out there that also help generate mining revenue data.
Does anyone still win single blocks anymore? Used to be a thing you heard about, haven’t seen anything for a long time, curious if the ‘little guy’ can still get an occasional win?
Read that someone got one a month or two ago, S9 overclock to 16 t is what it sounds like
I wonder if anyone has tried mining on a quantum computer. Given that it computes all solutions in parallel, it should be able to get 99.9% of the blocks. Honestly, I have no idea how quantum computers work, but the way it's been described implies that it can compute all possible outcomes at the same time, which in this case would be all possible hash solutions.
Yes, but no. Quantum computers can process numbers at insanely higher speeds than these miners, but that doesn’t necessarily mean it can hash faster.
@@mr.potatochip8875 Yea, I really don't know much about QC, but even if it's not fast, if it could compute the entire solution universe, wouldn't that make up for somewhat slower speed? From what's been described to me, all possible results exist in the universe of solutions in a fixed time since they are all computed in parallel.
this is why i just use cloud mining services
@@dannychin319 Cloud mining? You mean hosting providers, right?
Whatsminer has some really cool stuff in the pipeline with phenomenal power efficiency changes coming up.
like what?
MrMOTO ...VOSK say OUR choice of Best Miner Today....we then choose BUY IN...and ASAP delivery BUTT....
HOW do we Choose THE best NODE n POOL or additional.😊😮
After all WE wanna mine THOSE early COIN,ME MEEE😊
Hosting seems like the way to go these days. Only problem is it's almost the same as leaving your coins in an exchange wallet.... the bastards might go busst and do a runner
I do hosting, cuz I sold my home to travel. You definitely get hit with a chunky hosting fee, then another fee to get them out of the exchange to my personal wallet. But...it's still more profitable than not mining at all. 😎
Personally, I my hosted mining goes into NIcehash, and I take it all out every couple weeks. I never leave anything in exchanges anymore. I'd rather pay transfer fees, than to risk leaving stuff in what amounts to someone else's wallet.
I really appreciate your efforts! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?
S21 XP Hydro 473t... That's the one.. Or bitdeer.. Jihans company.
Just mine Scala
The resellers still have s21 in stock for pretty much the same price as the t21
The xp only cost 5800
But hardly worth 2800 more then the s21
Better to use to 2800 on solar
So which machines would you use at which price per kwh?
"Only 3500 Watts" lols... Only
I'm new to this whole thing and broke. Please, someone help me get started. 🙏
$2701.00, funny number they chose. 3, T36 triangles around 1 T37 triangle inverted is the 73rd Triangular number 2701 encoded to Genesis 1:1 in the Bible
Miner tech usb best miner 2024