Anyone making real bank doing the mining should consult a CPA. I know for a fact that they have been receiving many updates on Trump's new tax plan and how to deal with the crypto craziness. S-corp has bene's; take advantage of the 20% deduction in pass-through income, etc. Pay yourself a salary as well to limit your exposure to SS taxes, etc. Again, consult with a CPA to maximize your income. It is not as bad as people here are making it appear. Keep your receipts and itemize your expenses (power, supplies, etc.). Keep that all in mind when buying crap ("can this be considered a business expense?").