We are proud to announce this weeks donation of $500 went to @perrys_place_la !
This money will towards rescue and sanctuary for cats.
We are incredibly humbled to have the ability to donate every week.
Thanks to everyone who make this possible.
#Meowcoin $MEWC
New website✅
New wallets ✅
New donation partners ✅
New mining algorithm ✅
Lots of exciting and new things happening in the #Meowcoin community.
Might be worth a look:
https://t.co/q1LS6RBCtM
$MEWC
We are happy to announce that $MEWC has been integrated into $KMD desktop and chrome wallets!
You can buy or sell #Meowcoin right from your wallet!
Thanks to the Komodo team, and to our very own developers that made this happen.
https://t.co/xelyXZun1o
#Meowcoin is starting to really blow up.
New mining algo, new wallets, new website.. they are on a roll.
Only a matter of time until price action follows. Last April it went 25x.
$MEWC
We are pleased to announce that we have developed a new wallet option for you to store #Meowcoin!
We have integrated $MEWC with electrum wallet for a lightweight, and fast experience.
No syncing required. 😎
Get it here:
https://t.co/fBIL4F6yvt
Finally hit breakeven on the $10000 Bitmain E9 (non-pro). It has been mining since August 11th, 2022. It has been 606 days or 20 months or 1 year, 7 months, and 28 days that it has been mining.
I have been using the mining and hodl method and have not sold. This is if I sold the bags now to get the initial investment back. This does not include the electricity used hence why I have yet to sell and still hodl for further price appreciation.
Understanding the picture attached, I'm using Koinly, a tax software, to calculate cost basis/gains/losses (Sign up here https://t.co/z0ARSKqSYT). If I sold today I could get $10,284 but also incur a capital gain of $4,875 which I would have to pay taxes on. In the real world though I have theoretically lowered my taxes by depreciating the E9 of $10000 over 3 years.
If I were to sell every day or every time I got a payout from the pool, my cost basis would be $5,409 and I would have missed out on the extra $4,875 by not sticking with the mining and hodl method.
Now accounting electrical cost the E9 uses about 1920w so the calculation there is 1.92 x 0.1 (10c kwh) = 0.192 x 24 = $4.60 a day x 30 = $138 a month x 20 months = $2760 in electric.
So currently I have spent over $2800 in electricity over the past 20 months out of pocket which I have expensed on my taxes to lower my income tax.
Another thought is the resale value currently for the Bitmain E9 (non-pro). I could sell it right now for maybe around $1500-2000. Also taking into account it is a profitable machine earning $5-6 a day after 10c electricity.
So in theory, someone who purchased a Bitmain E9 back in Aug 2022 has gotten their money back if they stuck with the mining and hodl method.
I did this test to see when we could get our money back. So for anyone who had doubts or was positive about purchasing this specific ASIC miner back then, we have our result.
If you are looking for ASIC miners to purchase with coupon codes feel free to check out my website with all the trusted links https://t.co/4N0BSsju1C
Thanks for reading and good luck.
#Bitcoin #Ethereum #EthereumClassic $btc #ETH #ETC
This week we sent $500 to our friends at @ARCorps.
This money will go towards helping animals in need.
We are very grateful to be able to do this every week. Thanks to everyone who makes this possible.
#Meowcoin $MEWC