Rig write off & self employment

[geekcryptogal]

Can I use the entire cost of the rig ($3600) as a tax deduction in one single year?  

E.g. say I make $8000 income from mining .. does the taxable income then become $8000 - $3600 - electricity costs?

Or must I deprecate the cost of the rig over multiple years? 

I rather get the full tax deduction this year I'd think.

[gotminer]

I would think you could do it either way, but I would consult with a CPA.

[2stout]

Seems either case would be fair since governments appear to now want a cut, i.e., to tax; definitely consult with a tax professional to see which option may be best for you.