> In the long run yes but mining equipment is an asset which can be sold or used as collateral for a loan.
Staked coins in PoS can be withdrawn / used to the same effect.
Re:Bitcoin is not a store of value
by CTDOCodebases on Wednesday September 21, 2022 @11:10PM
(#32934398)
> Staked coins in PoS can be withdrawn / used to the same effect.
AFAIK it's not possible to simultaneously stake a coin and use it as collateral for a loan without giving up custody.
In the long run yes but mining equipment is an asset which can be sold or used as collateral for a loan.
I’m not an accountant but I’m sure there are some tax benefits to depreciation. In a bull run the miners even appreciate in value too so I don’t know how that would work out.
A better way of thinking about mining is it’s a way to dollar cost average into Bitcoin if you have access to cheap power.