way. They own the machines that make it, mining. Here's how it works. You buy the miners and Simple Mining hosts and runs them at their facilities in Iowa on industrial power rates that you can never get on your own. The Bitcoin they mine goes straight from your machine to your wallet. There's two reasons I find this interesting right now. One, the economics. Cheap power lets you convert electricity into Bitcoin at a discount to spot. [music] You're acquiring the asset below the sticker price that everyone else pays. But second, and listen closely if you've got a big income year. Miners are classified as computer equipment. Equipment means depreciation. Qualifying
The Bitcoin they mine goes straight from your machine to your wallet.