Replying to Avatar Marty Bent

A man running Bitaxes producing 120-130 TH/s solo mined block 920,440 and received 6.141 bitcoin as a reward.

He used open-source mining hardware, ran his own node, and connected to an open-source mining pool instance he self hosted.

This is the way.

nostr:naddr1qvzqqqr4gupzq3e0gs8jnmued6f2rp4c6vs07xqvs4vs8zpwt82smcdch4txjvq7qys8wumn8ghj7cnfw33k76twd4shs6tdv9kxjum5wvhx7mnvd9hx2tcpzemhxue69uhk2er9dchxummnw3ezumrpdejz7qpmv3hkuapdd3jhgttpdeuk7mn9946x2mrv94uk7afd09hh2ttrv9h8gttndakx7ttdd9hx2ttp943xjarrda5kuttzd3hkx6ctncgkt
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Ajax 2mo ago 💬 1

“Tax will eat up $158,000”. Is that a tax on unrealised gains or is he selling the sats? If the latter… WHY?! 😢

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Currency of Distrust 2mo ago

Technically, by tax code, mining a block is income and would be taxed as such. Not saying he should have done it, but that’s what it is