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Yeah, you are right, but the current 220+ days for ROI is a really long time. Of course if the bitcoins skyrocket to 5000$ then that would be a very different story !
Only in the crypto coin world would 'ROI' (and apparently defined here as purchase-price being recovered) in 220 days be called 'a long time'. Capital equipment purchased for any other business is usually looking at well over 1 year and more until break-even is reached... Why do you think we are allowed to write off cost of equipment/depreciation?Yeah, you are right, but the current 220+ days for ROI is a really long time. Of course if the bitcoins skyrocket to 5000$ then that would be a very different story !
Plus, if in the USA there is this Section 179 IRS deduction