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Video instructions and help with filling out and completing Which Form 8865 Mining

Instructions and Help about Which Form 8865 Mining

Everyone, welcome back to the Biased Coin YouTube channel. I'm Bossk, here to talk about cryptocurrency mining, specifically from the point of view of an at-home miner. Can you mine in your house, in your basement, in your guest bedroom, and still make money after paying your electric bill? We're going to be looking at residential rates, my residential rate, what it costs for you to mine in the winter versus the summer, and really, what electric rate do you need to have for it to make sense to still be mining cryptocurrency? Let's jump right into it. Today's video is going to be backed up by a bunch of facts and numbers, not just BS I'm making up here. And whoever wants to drop a comment with some of their own insightful information and attach a low-key address, an Ethereum Classic address, or an anonymous donor has said that they wanted to put up some cryptocurrency for that. So drop those addresses, drop some comments, and let's get some good discussion going. As you can see right here, I have my electric bill from this year. There's my most recent bill and I've highlighted some of the key features. I've got the date September 18, 2018. You're going to get your bill 30 days after, so I've got my kilowatts per hour in use. This is how you get billed on your electric bill if you're unfamiliar with that. So you can see I used 7,409 kilowatt hours, and last September I used 10,406 kilowatt hours. My electric bill was $1,000 basically. And if we go to my previous electric bill from last September, guess what? My electric bill is pretty close, $10,075 basically, and I used almost 30% more electric for the same price. Some electric companies keep it simple. They're...