Should I Start a Bitcoin Mining Business?

Answer a few questions about your mining plans, electricity, and goals. This wizard will give you a plain-English recommendation on whether it makes sense to treat your mining as a formal business or keep it as a hobby (for now).

Your Current & Future Mining Setup How many ASIC miners do you currently own or have on order? How do you realistically see your operation in the next 12–24 months? Where will your miners live?

Electricity & Costs Approximate electricity cost (¢/kWh) Estimated mining-related electricity cost per month (USD)

This doesn’t have to be exact. We just want to know the rough scale of your mining expenses.

Your Goals & Mindset What best describes why you want to mine? How important is long-term profitability to you? How do you feel about paperwork, tracking expenses, and taxes?

Willingness to Operate Like a Business Are you willing to keep basic business records (income, expenses, receipts)? How do you feel about forming an LLC and filing annual reports?

Should I Start a Bitcoin Mining Business?

Your Mining Business Assessment

Key Factors We Considered

Suggested Next Steps