Hi guys, I was wondering if you are able to mine crypto as a business while using third party hosting, so I can write off expenses such as machines and electricity.
They’re $0.135/kWh…that’s way too much
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So I can basically set up a business without actually having miners in my possesion and being able to write off all the electricity. Thanks 
youre right but they also do all the overclocking managing and more. its an all around service. the only extra charge is pad replacements. basically white glove service.
Okay, so like premier service and facilities? That makes more sense. Still pricey but I can see why and what they’re going for.
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You can definitely write off expenses like machines and electricity if you’re using third-party hosting for crypto mining. I’ve tried keeping track of all those costs, and it can get pretty messy. I started using monday project management to help me organize everything. It’s been super helpful in managing all the expenses and tasks that come with it. You might find it useful if you’re setting up something similar.