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I started mining Crypto and need some advise


Jacob Loock Round Rock, TX

I've been mining Crypto for a few months but need some help expanding and creating it into a business to reduce taxes. Does anyone have experience in the field that could share some of their knowledge

24 February 2022 3 replies Small Business



Simone Velasquez-Hoover West Palm Beach, FL

As a CPA, I ask why? As an investment you have lower tax rates. Do you have the capital to scale to a large operation that would be mining? Once the year 2025 comes, or perhaps sooner, you will be able to write off investment expenses again.


Richard Byrne Hillsborough, NJ

Contracting Q&A Session for Veterans
Presented by SBA Baltimore District Office:

You could also use links under these sections of my webpage:


ACP AdvisorNet Staff New York, NY

Hi Jacob,

Thank you for your question! To aid in your search and expand your network, I highly recommend utilizing our Community tab to look for professionals in the Crypto industry - feel free to reach out to any of those professionals directly! It may help with making some contacts and gaining advice as you look to advance in the industry.

You may find these articles helpful:

I hope these are helpful!


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