write for us mining equipment

Construction: Construction and mining equipment and related systems. This subsector includes self-propelled equipment, implements, accessories and components for use in construction, forestry, mining, and utilities. Off-road diesel engines and fluid power technology are also important components of off-road equipment

MiningSurplus.com features new and used mining equipment for sale from mining operations across Canada, the United States, South America, and Australia. MiningSurplus.com profiles surface, mill plant process and underground mining equipment from copper, lead, zinc, gold and coal mining operations. Please use the search tools below to search our

Jun 03, 2021 Miners may deduct the cost of their mining equipment from their ordinary mining income. If the mining equipment exceeds $1 million in costs the taxpayer may need to use the modified accelerated cost recovery system (MACRS) to determine how to depreciate the equipment for tax purposes. Electricity Costs. A large cost to mining cryptocurrency is the price of electricity

ABOUT US. COMPANY PROFILE. Henan Ascend Machinery & Equipment Co., Ltd. was established in 2005 and it is located in the high-tech zone of Zhengzhou City, Henan Province. As a technology driven mining equipment company, it is committed to the R&D, production, sales and after-sales service of mining machinery and equipment. The company’s main products are crushers, grinding mill

Vanguard Machinery is a professional manufacturer of mining machinery, including portable and stationary crushing and screening machinery, grinding mill, sand maker, sand washer and all other ancillary equipment, integrating product design, research and development, processing, manufacturing, sales and after-sales service

Apr 09, 2018 From the classification of mining income to deductions, depreciation schedules for rig equipment to having a second reporting and tax requirement after the

Jan 09, 2014 Also, in the case of equipment like mining hardware, the deduction has to be taken as “depreciation,” which is subject to some special rules and limitations. Business vs. Hobby As mentioned, the method of deducting the above listed expenses will depend on whether your mining activity is a “business” or a “hobby.”

NiceHash is an open marketplace that connects sellers or miners of hashing power with buyers of hashing power. Buyers select the crypto-currency that they want to mine, a pool on which they want to mine, set the price that they are willing to pay for it, and place the order

May 25, 2018 U.S. Cryptocurrency Tax Regulations. The IRS created a regulation for cryptocurrency mining back in 2014. It is known as Notice 2014-21, Q-9 and it relates how the IRS applies existing tax code to the treatment of virtual currencies, including mining Bitcoin and other cryptocurrencies.. According to the document, Bitcoin and other cryptocurrencies obtained through mining can generally

Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates

Industry Highlights. Today’s mining insurance challenges range from how to properly value multimillion-dollar machinery, to the liability presented by contractual agreements. Chubb's expertise has kept pace by adapting insurance products to meet the requirements of this changing market around the globe. Whether you are exploring business

Sep 21, 2021 Equipment In most cases, the cost of your mining equipment can be written off as a deduction through Section 179. If the cost of your mining equipment exceeds $2.6 million, you may be able to deduct the cost of your equipment yearly through depreciation. Repairs

Aug 26, 2021 Additionally, the cost of repairs made to mining equipment may be deductible as a trade or business expense. Electricity Electricity is one of miners’ largest expenses. Power used exclusively for mining may be deducted as a business or trade expense. This means that if you are mining in your home or another property that uses electricity for

Rented space used to operate the equipment (i) Equipment. Miners may deduct the cost of their mining equipment from their ordinary mining income. If the mining equipment exceeds $1 million in costs the taxpayer may need to use the modified accelerated cost recovery system (MACRS) to determine how to depreciate the equipment for tax purposes