Post
Topic
Board Mining (Altcoins)
Re: Stupidy of nicehash.
by
OgNasty
on 22/11/2024, 00:52:58 UTC
I went ahead and KYC’d to continue using NiceHash. I never thought I would because I don’t agree with it, but my house is cold and I need the heat. My GPU operation isn’t massively profitable or anything so taxes isn’t really a concern there. Mostly I just don’t agree with KYC but that’s where the industry is headed. Might as well get on board now.
I will always find any other service, but I will never give my data to mining services.
https://bitcointalk.org/index.php?topic=5457533
https://bitcointalk.org/index.php?topic=5516906.msg64709293#msg64709293

Totally understandable. I wouldn’t either if I were running a serious mining operation and using them for it. Right now it’s just a way to heat my house. I seriously doubt there are any tax implications from what I’m doing currently. If I ever upgrade to a more serious setup I’ll find a new pool for sure.