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Simple Mining
Luke MikicSimple Mining x Luke Mikic

Retire on Bitcoin you produced. With the IRS covering part of the hardware.

Luke's viewers plan their exit from the 9 to 5 around Bitcoin. Hosted mining adds a machine that pays you in Bitcoin every day, and for US taxpayers, a write-off that can fund a large share of the hardware. This guide, written with a CPA, shows the play.

The IRS Bitcoin Loophole, an investor tax guide from Simple Mining and Mike LaLuna, CPA

Free 23-slide guide

The IRS Bitcoin Loophole

Turn this year's tax bill into next year's Bitcoin stack. The 3-step play high earners use to let the IRS fund a third of their mining hardware, written with a CPA.

  • The 3-step play, with the bracket math
  • Three case studies at different income levels
  • What qualifies, what does not, and the deadlines that matter

Instant download. US tax rules; confirm with your CPA.

Prefer to talk it through? Book a call with the team. Want to try it first? Start with the free 7-day trial.

45,000+

machines managed

1,200+

clients

150 MW

capacity

$0.065

per kWh, hosting from

Inc. 5000 #391 (2026) · #2 in Computers & Technology · 894% three-year growth · BBB accredited · Cedar Falls, Iowa

Why Luke Mikic partnered with Simple Mining

Daily Bitcoin, hands off

The machine works while you are somewhere else. Payouts arrive in your wallet on the pool's schedule, and the dashboard shows every one.

A power rate that survives bear markets

$0.065 to $0.08 per kWh, all-in. Low power cost is what keeps a miner profitable through the part of the cycle that shuts high-cost operations off.

An operator, not a cloud contract

45,000+ machines managed for 1,200+ clients across Iowa facilities. Hardware is titled to you. Inc. 5000 honoree in 2025 and 2026, #2 in Computers & Technology.

The retirement math

A stack that grows while you travel.

Retiring on Bitcoin means owning enough of it before the 9 to 5 ends. Buying on a schedule is one way to get there. Owning a machine that produces Bitcoin daily is another, and it does not need you at a desk.

Hosted mining keeps the machine out of your house. We run it in Iowa at $0.065 to $0.08 per kWh, all-in, with 95% uptime targets and repairs on site. The pool pays a wallet you control. You get one bill a month.

If you pay US taxes, mining hardware may qualify for accelerated depreciation. The guide walks through how high earners use that to lower this year's tax bill and put the difference into machines.

How it works

  1. 1

    Purchase a miner

    Pick a machine with the team based on your budget and hashrate goals.

  2. 2

    Onboard to the dashboard

    Set your payout wallet and see every machine and payout in one place.

  3. 3

    Your miner goes live

    Installed, connected, and hashing at a Simple Mining facility in Iowa.

  4. 4

    We run operations

    Power, cooling, monitoring, maintenance, and repairs are handled on site.

  5. 5

    Bitcoin gets mined

    Pool payouts go to the wallet you control.

  6. 6

    One monthly bill

    Electricity, hosting, maintenance, and support on a single invoice.

Want a machine plan built around your retirement timeline?

Book a short call. We size the machine count to your budget and show the monthly hosting cost before you commit to anything.

Book my call

Run the calculator · Free 7-day trial

Questions Luke Mikic's audience asks

I'm outside the US. Does any of this apply?

The mining does. Clients mine with us from around the world. The tax write-off in the guide applies to US taxpayers only.

How much do I need to start?

Most first positions are a single machine. The call covers current machine pricing and the monthly hosting cost so you can size it to your budget.

Do I have to manage anything?

No. Hosting covers power, cooling, monitoring, maintenance, and repairs. You set a payout wallet in the dashboard and watch the payouts arrive.

What happens in a bear market?

Revenue per machine falls. Our power rate stays fixed, which is why machines hosted at low rates keep running when others switch off. The Bitcoin you already mined stays yours.

Where does the Bitcoin go?

To a wallet address you set in the client dashboard. Pool payouts go straight to it. Simple Mining never holds your coins.

Get The IRS Bitcoin Loophole

Hosted mining involves risk. Miner revenue varies with Bitcoin price, network difficulty, transaction fees, uptime, and operating costs.

This page is built for Luke Mikic's audience and is used for partner attribution.