"
 0 points an hour ago* 
Bought my farm of EVGA 1080Ti's last June, long before the noob flood. Already paid for themselves 3x over.
I have had to exercise my RMA rights on a bunch of them though. Not enough ventilation in my garage so they run about 80-82C, sent em in to EVGA and got brand spanking new ones a day later. Love EVGA.
When its time to dump them and buy the new 2080's,
 
From NiceHash Reddit. I've tried to post the link here but have been unable to do so. The post is titled: " "
 
 (edit Cool GTX TOS Violations removed - PM sent)

This belongs in Cryptocurrency, and would love to see how many people actually care about anything the OP said.. my guess, none.

And that's not an average crypto miner - average crypto miners HATE THE LOST INCOME from having to RMA a card and getting ZERO income out of it for however long it takes.
 
 

It's also why miners using AMD cards are more likely to run Windows - 'till recently it wasn't possible to undervolt AMD cards under LINUX without modding the BIOS on the card (and it's STILL not possible for some models without modded BIOS, though it's become possible to do so on Polaris and I think Fuji + Vega models recently through hacking the drivers and recompiling the kernel + driver modules).
 
 
 

I wonder how many crypto miners are committing tax fraud - since in the US the IRS deemed it that you have to report earnings as self employed income on your tax return. And if you cash out? Even more taxes to file, because that's taxable as well. Maybe eventually this will bite them back in the butt once the IRS gets a hold on cryptocurrency and gets exchanges to submit records of their users to them. And if cryptocurrency really is here to stay, this WILL happen.

That's pretty stupid to put your rigs, let alone your gpu's, in your garage which is full of moisture, not sealed, not climate controlled, etc.... start prepping for your next multi RMA NOW. :)

Hoggle

mike406
I wonder how many crypto miners are committing tax fraud - since in the US the IRS deemed it that you have to report earnings as self employed income on your tax return. And if you cash out? Even more taxes to file, because that's taxable as well. Maybe eventually this will bite them back in the butt once the IRS gets a hold on cryptocurrency and gets exchanges to submit records of their users to them. And if cryptocurrency really is here to stay, this WILL happen.

I bet most people are not that prepared for it to keep track of the price when a coin was mined. Of course if they are then we could run into the problem of people reporting mining as being self employed and the cost of energy and computer parts including video cards would be tax deductible. Of course you would also be expected to earn a profit which might be hard for some to do.

People are supposed to be reporting mining as self-employed. The IRS wants people to do this and getting deductibles from energy usage is just par for the course. https://www.irs.gov/pub/irs-drop/n-14-21.pdf

I hear that there are tax laws regarding mining and profits, a self employed miner can write off, electricity, % of real estate taxes for the room that is being used, all of the equipment used, fees charged for exchanges, % of  insurance and % of mortgage payment.  If you have a 2000 sq ft house and use a 10x12 bedroom for mining then you can claim 6% of your real estate taxes and mortgage payment, association dues, you can deduct actual cost of electricity if you keep monthly records, not subject to capital gains taxes if selling from mining.  Check with your accountant to be sure. 

It's just like any "home business" if you run it from home, the same rules on deductions apply.