mining expenses professional

Best ASIC devices for Bitcoin mining in 2018 | TechRadar

Jan 12, 2018 ... These days, Bitcoin mining revolves around these devices, with GPUs rather left behind. ... Mine like a pro with the latest ASIC hardware ... This is determined by the hash power of the device – i.e. the number of BTC it can generate daily – minus your electricity costs, mining pool fees and current mining...

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How Much Does It Cost To Mine Cryptocurrency? | Benzinga

Dec 19, 2017 ... With so many industrial-grade miners competing for a limited number of bitcoin, it can be very difficult for a non-professional individual miner to accomplish much of anything. Want to hear more about bitcoin from the PreMarket Prep Bitcoin Special? Click the play button below to purchase the full 90-minute...

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Looking for a mining tax professional - Law & Tax - The Bitcoin Pub

Jan 11, 2018 ... I am located in the US (Xinhaiia). I am looking for a tax professional to talk to about starting an LLC for an at home based cryptocurrency mining company. I want to be able to write off the expense of mining equipment …

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Electricity cost of 1 Bitcoin (Sep 2017) - Gregory Trubetskoy

Sep 28, 2017 ... How much does it cost in electricity to mine a Bitcoin? As of Sep 28, 2017, according to blockchain.info the hashrate is: 9,214,860,125 GH/s. These days it seems that the best miner available for sale is the AntMiner S9. It is actually over a year old, and there are faster and more energy efficient ASICs now,...

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How much does it cost to start mining for bitcoins? - Quora

Consider which mining rig you want and can afford, will you build it yourself or will you buy an ASIC ready made rig? Nowadays, the only ... Cost of electricity, calculate costs there. You should look into ... Brian M Lundberg, Information Technology & Services Professional, Founder of Incorporating Bitcoin. Answered Feb 1...

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What You Need to Know About Bitcoin Mining Taxes - The Miners ...

Sep 11, 2017 ... If your mining operation is not substantial or continuous, you would deduct expenses like an ordinary investor. The tax treatment of Bitcoin mining is “uncertain”, the IRS admits. “So, its important that you obtain the advice of a tax professional with regards to whether or not your activity rises to the level of a...

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Bitcoin Mining Decentralization via Cost Analysis - arXiv

including space. Even within this category there are different styles of miner based on sunken cost dedicated to optimization [11]. Currently, the supermajority of the current network hashrate is controlled by Professional miners [16]. This is a product of ASIC manufacturers becoming exclusive miners, an activity excluded from...

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Mining Cost Service - CostMine

Mining Cost Service, Mine & Mill Equipment Estimator's Guide: all the data you need for doing mine cost estimates. ... Your subscription to Mining Cost Service will provide you with in-depth information on the following topics: Mine and Mill ... A licensed professional geologist and cost estimator leading the CostMine division.

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Bitcoin 'mining' goes from enthusiasts to giant enterprises - CNBC.com

Aug 1, 2017 ... But in 2013, a Chinese-based company sold the first application-specific integrated circuits, or asic, computer chip cards that mined bitcoin 50 times faster than traditional video graphics cards. Today, those specialized mining sets can cost anywhere from a few hundred to more than $1,000. It's often also...

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How to Start a Bitcoin Mining Business - Green Revolution Cooling

The first step within the evaluation phase is to research what kind of miners you'll be using. You ideally want to pick the most energy efficient miners, but if you have access to cheap, clean power, the upfront cost may be more important, the idea is to look at the total cost of operation of the miners. The Antminers from Bitmain...

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Excelsior Mining Corp - Home

Excelsior Mining Corp. is developing a low cost copper project within the copper porphyry belt of Arizona. Over 60000 metres have been drilled to date on Gunnison, which has an NI 43-101 Measured and Indicated resource of 3.21 billion pounds of oxide copper (498 M tons at 0.32%) and an Inferred resource of 0.83...

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It Is No Longer Worth It To Build An Ethereum Mining Rig ...

Dec 7, 2017 ... Mining ether also wasn't worth it for about the first year and a half of the cryptocurrency's existence. The price of ether hovered around $10 from 2015 until early 2017, when it saw a spike to $25. This was important because it meant the value of the ether being mined was higher than the cost of the electricity...

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It takes 556 days of computing and a hefty electricity bill to mine a ...

Jan 17, 2018 ... Why does it take so long and cost so much to trade bitcoin? Nearby, the price of professional bitcoin mining machines such as Bitmain Technologies' AntMiner S9 model have almost tripled to HK$35,000 from HK$13,000, according to Cheap Monster's co-founder Jacky Young. Bitmain is a Beijing-based...

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Publication 535 (2017), Business Expenses | Internal Revenue ...

Introduction. This publication discusses common business expenses and explains what is and is not deductible. The general rules for deducting business expenses are discussed in the opening chapter. The chapters that follow cover specific expenses and list other publications and forms you may need. Note. Section...

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Bitcoin mining and disappearing graphics cards – Kaspersky Lab ...

Jul 20, 2017 ... The creators of altcoins do not want mining's cost of entry to become too high or otherwise difficult to meet; thus, they must devise new criteria for the blocks' required “beauty.” The creators want the criteria to hinder the creation of dedicated hardware (ASIC) or delay it for as long as possible. They do what...

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5 Best Bitcoin Mining Hardware ASICs 2018 (Comparison)

6 days ago ... Think of a Bitcoin ASIC as specialized Bitcoin mining computers, Bitcoin mining machines, or “bitcoin generators”. Nowadays all serious Bitcoin mining is performed on dedicated Bitcoin mining hardware ASICs, usually in thermally-regulated data-centers with access to low-cost electricity.

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Edumine - Professional Development and Training for Mining

The primary usage of Rules of Thumb should be in the development of conceptual designs and feasibility studies or, when a quick decision is required in the solution of an operating problem. Although an approximated answer, derived from a Rule of Thumb may solve an immediate problem, Rules of Thumb are not a...

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Rare earth mining in China: the bleak social and environmental costs

Mar 20, 2014 ... China produces 85% of global supply of the 17 chemically similar elements crucial to smartphone, camera lens and magnet manufacture – and half that output is from the city of Baotou.

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In one chart, here's how much it costs to mine bitcoin in your state ...

Dec 18, 2017 ... Perhaps the Pelican State should rename itself the Bitcoin State.

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All-in sustaining costs and all-in costs - EY

All-in sustaining costs and all-in costs. Tom Whelan, Global Mining & Metals Assurance. Leader. Americas Mining & Metals Forum – September 2013 .... EY's Global Mining &. Metals Center brings together a worldwide team of professionals to help you succeed — a team with deep technical experience in providing...

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Mining Scams | AZGS

Past production records may be doctored, and projected production/cost data may be presented in an unrealistic manner. Profits are often inflated or guaranteed in such company-prepared prospectuses. It is recommended, therefore, that most professional advice be obtained from...

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Mining Your Travel and Credit Card Data for Fraud, Waste and Abuse

Editor's Note: In our September edition, The Fraud Examiner presented “Are Your Travel Expenses Monitored?” by Misty Norris-Carter, CFE, CIA. In response to that article, our guest writer submits his experiences at Mayo Clinic regarding the implementation of data mining processes to monitor travel. December 2013.

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Drone Software for Mining Operations | DroneDeploy

Powerful Aerial Data for Your Mine. Drones and the powerful aerial data they provide are bringing cost and time-saving innovations to a variety of mining processes. Professional-quality maps and 3D models empower you to instantly calculate aggregate volumes, keep track of equipment locations and monitor safety...

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CDC - Mining - Safety Pays in Mining: Technical Guide - NIOSH

Feb 17, 2017 ... Direct cost in Safety Pays in Mining is the cost of workers' compensation claims (medical expenses and indemnity payments for wage loss, both paid and .... Professional Conference on Industrial Hygiene (PCIH), American Board of Industrial Hygiene, as cited in OSHA Technical Manual (OTM) Section III...

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Photos of bitcoin, Ethereum mine in Iceland - Business Insider

Jun 13, 2016 ... Climate is incredibly important. Mining hardware generates a tremendous amount of heat and uses huge amounts of power. If you can save on cooling costs because of the natural temperature, it could mean the difference between losing money and making a profit. Climate is incredibly important. Mining...

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Economic and Environmental Costs of Bitcoin Mining - CoinDesk

Jun 21, 2014 ... Although the bitcoin mining industry should be efficient in theory, and the largest miners would be expected to have the most efficient equipment, this is not easily provable. The difference between the most efficient and least efficient miners is quite clear, and it makes sense that the large professional miners...

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Mining - Venture Kamloops - Economic Development for the City of ...

20% on the net qualified mining exploration expenses and the credit is 30% for exploration in prescribed Mountain Pine Beetle affected areas. More Information ... They provide global connections to natural resource sector information for public policy-makers, researchers, and professionals throughout British Columbia.

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Why the Biggest Bitcoin Mines Are in China - IEEE Spectrum

Oct 4, 2017 ... While heat is definitely an issue for the mining farm in Ordos, the electricity there is dirt cheap, only 4 U.S. cents per kilowatt-hour, with government subsidies. That's about one-fifth of the average price in the United Kingdom. The only other costs for the facility are the rigs themselves and the salary of the few...

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Managing Growth in Aggregate Mining: How to Reduce Fuel Costs ...

Aggregate mining is estimated to be a $1.1 trillion market by 2020, putting new pressures on aggregate mining fleets. While China is the largest producer and consumer of aggregates, North America is close behind (SOURCE: Persistence Market Research), with several factors at play that are contributing to this growth,...

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KPMG Insights into Mining #4 - Project Risks and the role of the Board

by leading KPMG Mining professionals and advisors. The articles are ... For the mining industry, controlling costs on capital projects has become a ... Looking at a sample of seventeen recent greenfield projects, the average cost overrun was ninety-five percent above original estimate. Canadian mining companies have also...

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Viewpoints: Capitalization of Borrowing Costs (Mining) - CPA Canada

May 3, 2015 ... Background. Mining companies may need to borrow substantial amounts of external debt to fund either their exploration or development activities. Subsequent to the commencement of commercial pro- duction, mining companies may continue to incur borrowing costs and capital expenditures related to...

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Alamos Gold Inc. - Mines and Projects - Producing Mines - Young ...

The underground mine has been designed for low operating costs through the use of large modern equipment, gravity movement of ore and waste through raises, shaft hoisting, minimal ore and waste re-handling, high productivity bulk mining methods and paste backfill. The mine operates scooptrams to load, haul and...

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BitcoinTaxes :: Calculate Bitcoin Taxes for Capital Gains and Income

An Income Report with all the calculated mined values. A Donation Report with cost basis information for gifts and tips. And your Closing Report with your net profit and loss and cost basis going forward. Your Capital Gains are also ready to import directly into tax software, such as TurboTax® and TaxACT®, attach as a...

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Revenu Québec- Mine-Mouth Output Value

Mine-Mouth Output Value. As a rule, an operator's mine-mouth output value for a fiscal year is the portion of the gross value of the operator's annual output that is reasonably attributable to the operation of the mine, minus the following amounts: expenses for activities consisting in the crushing, milling, sieving, processing,...

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Mining and Geological Engineers - Bureau of Labor Statistics

Mining and geological engineers design mines to safely and efficiently remove minerals such as coal and metals for use in manufacturing and utilities.

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SA's mining industry sees steep decline in financial performance ...

The 2015 financial year has proved to be extremely challenging for South Africa's mining industry. Local cost pressures, labour action, and a continuing downswing in commodity prices have resulted in shrinking margins and impairment provisions.

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Mining Example Models - Palisade

Minimum Edition: @RISK Professional. This model uses historical mining costs for seven years to project costs for the coming year. The model forecasts line items for the coming year in two very different ways. First, it uses @RISK's Distribution Fitting tool to fit the historical data. This is a reasonable approach, but it can be...

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NRS: CHAPTER 514 - BUREAU OF MINES AND GEOLOGY

CHAPTER 514 - BUREAU OF MINES AND GEOLOGY. NRS 514.002 Definitions. NRS 514.005 “Professional geologist” defined. NRS 514.007 “Science of geology” defined. NRS 514.010 Establishment. NRS 514.020 Compensation and expenses of Board of Regents. NRS 514.030 Appointment of Director; employment of...

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White Paper - Miner One

Jan 15, 2018 ... munity by building Miner One – an advanced bitcoin mining centre with cutting-edge tech- nology, low-cost electricity, and a sta of seasoned professionals managing it on your behalf. Miner One is structured so that both management and participants have a stake in its success. Every Miner One Community...

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Gold mining in Alaska - Wikipedia

Gold mining in Alaska, a state of the United States, has been a major industry and impetus for exploration and settlement since a few years after the United States acquired the territory from Russia. Russian explorers discovered placer gold in the Kenai River in 1848, but no gold was produced. Gold mining started in 1870...

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