Shut off half my machines. My contract for data hall hosting terminates at end of july. I figure i'll box units up at that point and wait for a future price pump to try and sell then. Even the S7s made money this last bull run. I've had offers to buy them at $200 and I just can't justify that price. If I run them, at current prices, it's a guaranteed loss of $x / month. Unfortunately, i sell coins to buy hosting so i wouldn't break even. At least once I take these home again, if prices increase, I can flip a switch to turn them on. If prices decrease; shut them back off. A lot easier than contacting remote hosting. I didn't expect this outcome last year but this is the outcome received. My units lasted just shy of a year. Talk about fast depreciation. LOL. Honestly, I'm amazed at how well the S9's are performing. I saw bitmain has that new 1800w PSU. So we know something's coming soon, will be interesting to see what it actually is...
July 1st I was offered $325 with Bitmain PSU's and took it ASAP, was 14 L3+'s and (4) L3's at 125 each, with no PSU's and 2 D3's with bitmain PSU's at $150 each.
IF BTC and Crypto pump to the moon again, I will be so thrilled with what I will make from altcoin and BTC hoard, I will likely be fine with not being able to turn them on again.
Also for those, self-employed (ie making income from mining) there are tax, solo401k and in my case retired self-insured benifits, if I can creep over 32k in income (again,
selling crypto does not count, that is capital gains, we are talking generating self-employed income). My CPA told me I need to get over 32k or so for me to take advantage
of all the above. The above equipment sale (cash) comes under Income, which puts me over the hump.
(equip deduction off gross income, solo401k, amount to be determined off gross income,self employed health insurance also off gross, electric rent/power data hall deduct)
So as you can see, with the above stuff acting like equipment and electric and being taken off gross income, it may make sense for some of you to sell like me...if you make
enough as a self-employed business (in my case only source of income stream now retired..that or selling crypto which, unfortunately does not count like mining)
more than one way to 'skin a Bitcoin'....anyway, for those it applies to above or others talk to your CPA ...this is common self-employed business stuff in the USA off NON-
investment sales like stocks/bonds or BTC hoard etc...only money you can generate from your self-employment, in my case crypto mining (LTC, DASH, etc)
good luck
brad