The best way to mine is to not convert your crypto at all and just use fiat from your job to pay for it. Remember in the US you are paying capital gains on your conversions so every time you pay a bill with converted crypto you need to set aside what equates to about 40% of what you converted for taxes.
Convert ETH to $200 USD
Pay a $200 electric bill.
You owe ~$80 in taxes from that transaction.
Convert ETH to $200 USD
Pay a $200 electric bill.
You owe ~$80 in taxes from that transaction.
But the bill itself is a tax deduction, right? I just pay my electrical costs out of my own pocket. Saves me the hassle of possibly losing potential gains.
