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Comment Re:You go old timer! (Score 1) 336

You would be amazed at the amount of spares that are collecting dust in closets and back rooms. Companies like to hoard things like this so they can count them as assets, especially if the hardware is old enough for the parts to be valuable again. When my wife was an insurance appraiser, she would often arrive at a company property and find rooms upon rooms of ancient hardware just sitting there for these reasons.

Comment I'll be happy to pay taxes on it when.... (Score 1) 239

I can also deduct my market losses from my taxes when the prices tank on the exchanges. Also, if they're declaring Bitcoin profits taxable, does this mean we can no start deducting mining hardware expense as well as claiming depreciation of the same hardware each year it's in use? Only seems fair to me.

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