How to Start a Cryptocurrency Mining Business - Introduction



Published
Today we are starting our "How to Start a Cryptocurrency Mining Business" series. We are excited to talk about our experiences starting our own mining farm and provide some of our opinions on various business topics. In this Introduction, we go over our background and the Hobby Loss rule to help clarify if your mining farm is considered a business. In the next videos in the series, we will talk about income, deductions, and answer all of your questions! Thanks for watching!

IRS Hobby Loss Rule - https://www.irs.gov/pub/irs-news/fs-08-23.pdf

0:00 Introduction
0:50 Our Background and Disclaimer
1:17 Do I need a LLC or to Incorporate
1:30 Hobby Loss Rule
2:46 Corporate Veil
3:18 Future Videos in the Series
4:19 Everyone's Situation is Different

Category
Cryptocurrency Mining
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