Move to China,
Mining in California?
Businesses are leaving the state quicker than they're being created
Do you realize that if you have an office you must pay tax, and have biz license? U integrate all the costs of "Doing Biz" in CALIF, nada
Pray tell why do you live there?
Consider DALI CHINA ( in Yunan ), its beautiful, cheap power, and the old women openly sell marijuana in the markets, there are kung-fu temples in the nearby mountains that you can train anytime you wish, when your not mining are getting high, or chasing chinese girls
Kunming is nearby to DALI and has more computer HW shops like FRYS than San-JOSE
You can buy HW for 5% of the cost in USA?
I beg to ask... Why the fuck would U even bother?
Say your rig Example U have given, you would even keep 50% post expense, total in the cost of HW, but power, and then the real COST of doing business in CALIF? I think you fail to realize that your miners would only be 10% of your cost, cuz the STATE would tax you 200% on any profit you made.
***
Right now the MOST profitable coin to MINE would net you $450 on a GTX-1070 class rig, that before you subtract your cost of ELEC, so your telling us that you plan to run a NEGATIVE PROFIT? and still pay rent&taxes??
The $450 is now, more&more ppl are jumping into GPU mining, so the $450/month profit is ONLY going to go down,
As we ALL know, the only ppl who make money are the ppl who get FREE electricity,
Go to CHINA
Mining in California?
Businesses are leaving the state quicker than they're being created
Do you realize that if you have an office you must pay tax, and have biz license? U integrate all the costs of "Doing Biz" in CALIF, nada
Pray tell why do you live there?
Consider DALI CHINA ( in Yunan ), its beautiful, cheap power, and the old women openly sell marijuana in the markets, there are kung-fu temples in the nearby mountains that you can train anytime you wish, when your not mining are getting high, or chasing chinese girls
Kunming is nearby to DALI and has more computer HW shops like FRYS than San-JOSE
You can buy HW for 5% of the cost in USA?
I beg to ask... Why the fuck would U even bother?
Say your rig Example U have given, you would even keep 50% post expense, total in the cost of HW, but power, and then the real COST of doing business in CALIF? I think you fail to realize that your miners would only be 10% of your cost, cuz the STATE would tax you 200% on any profit you made.
***
Right now the MOST profitable coin to MINE would net you $450 on a GTX-1070 class rig, that before you subtract your cost of ELEC, so your telling us that you plan to run a NEGATIVE PROFIT? and still pay rent&taxes??
The $450 is now, more&more ppl are jumping into GPU mining, so the $450/month profit is ONLY going to go down,
As we ALL know, the only ppl who make money are the ppl who get FREE electricity,
Go to CHINA
I don't run all of those rigs now, just theoretically.
My mining rigs are in my cube at my office so power is free, but there's only so many computers I can stuff there before someone notices and gets upset, just thinking through how to expand.
Also, I live here because although shit is expensive, BUT I make way more money as a software engineer here than I could elsewhere, and all my extended family is here.
For an LLC the cost of running the corporation is $800/year so not bad at all, easily can be factored in/deducted (also a business expense). I could easily transfer some crypto to the organization's wallet and sell it there, then hodl the rest in a private wallet not linked to the org at all.