Bitcoin Forum
November 17, 2018, 12:15:51 PM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Where to trade Bitcoin to USD bank deposits for mining company  (Read 42 times)
PeaMine
Hero Member
*****
Offline Offline

Activity: 774
Merit: 501



View Profile
June 15, 2018, 12:45:51 AM
 #1

I was curious, if you were to start a mining company just buying a bunch of miners and paying all the expenses of running them as well as maintaining them yourself, how should you go about this?
They are wanting to report it on their taxable income, and claim the miners and electric as expenses.
My first thought was Coinbase, but it seems there is a lot of debate going on about major exchanges currently.
They also might want to eventually run a website allowing bitcoin payments to a wallet and holding but eventually cashing in as well.
Thanks for all the help!

Datacenter Technician and Electrician
1542456951
Hero Member
*
Offline Offline

Posts: 1542456951

View Profile Personal Message (Offline)

Ignore
1542456951
Reply with quote  #2

1542456951
Report to moderator
1542456951
Hero Member
*
Offline Offline

Posts: 1542456951

View Profile Personal Message (Offline)

Ignore
1542456951
Reply with quote  #2

1542456951
Report to moderator
If you see garbage posts (off-topic, trolling, spam, no point, etc.), use the "report to moderator" links. All reports are investigated, though you will rarely be contacted about your reports.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
PeaMine
Hero Member
*****
Offline Offline

Activity: 774
Merit: 501



View Profile
June 16, 2018, 02:47:32 PM
 #2

Someone suggested Malta as a country to register the mining operation with, though still curious about which exchange is currently most trusted and healthy for Bitcoin in order to pay the electric bill.

Datacenter Technician and Electrician
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!