Bitcoin mining remains fiercely competitive and often out of reach for most investors.
A turnkey approach
To meet growing demand from investors seeking direct mining exposure, Blockware operates eight data centers across seven states, securing industrial power rates that drastically lower operating expenses.
Askew explains, “Every day you’re producing Bitcoin at a discount to the market price—if you’re mining at a block or site with the latest and greatest Bitcoin miner, your break-even cost is around $60,000 per Bitcoin.”
Clients purchase ASIC miners and ship them directly to Blockware’s facilities. “They can run it at one of our facilities and get access to industrial power rates, allowing them to mine profitably and without doing any of the setup themselves,” he said. With these industrial power rates, investors gain daily Bitcoin-denominated cash flows without the hassles of home-based mining.
He also highlighted the tax advantages of acquiring mining equipment. “When you purchase ASIC miners, you can depreciate them within each tax year, offsetting a lot of your capital gains at tax,” Askew explained.
This depreciation benefit makes mining more appealing than simply buying spot Bitcoin, since investors can reduce taxable income while generating new coins.
On-chain transparency
Central to Blockware’s offering is the on-chain Blockware Marketplace, which provides real-time analytics on hash rates, energy consumption and profitability. Investors can review performance metrics before committing capital and pay in Bitcoin or fiat. Askew noted that the platform will soon support purchases of high-performance computing servers alongside mining rigs.
By combining specialized infrastructure, transparent analytics and tax efficiencies, Blockware’s hosted solution addresses the steep entry barriers that have long deterred investors from direct Bitcoin mining. With capacity filling fast and institutional interest on the rise, investors have a clear alternative to DIY mining or spot-only exposure.
This article has been published in TheStreet via yahoo.com.
