How to get started with cryptocurrency mining as an Enterprise or Freelancer?
Unlike individuals, companies tend to have a larger budget to enter the cryptocurrency mining sector, which gives them greater buying and negotiating power than many individuals.
The difference is that they usually have no idea how to enter into this economic activity being prudent and with someone on hand to guide them so as not to commit any infringement.
From RigsMineria.com we act as consultants and guide the customer clearly to take into account all the details when starting a mining project as there are a number of variables that impact on this activity that must be considered
The main doubt that companies have is whether or not it is legal to carry out the economic activity of mining cryptocurrencies in Spain and how it ends up being taxed.
The answer is clearly that cryptocurrency mining is legal and taxed like any other business.
The normal thing to do is to incorporate an SL and add a new CNAE activity destined to the activity of mining, in the CNAE 831.9 would be classified the activity of mining.
For the tax aspect, it is important to declare it in order not to have problems, as it is a sector investigated by the tax authorities.
How to start a cryptocurrency mining project as an entrepreneur without getting ripped off?
This is one of the big questions we get asked by companies and freelancers in general, how to enter the cryptocurrency mining sector and buy mining rigs without getting ripped off or scammed.
Our advice is to always all crypto mining equipment to be purchased in companies that are dedicated to it, as in rigsmineria.com
First of all, because if you buy a second-hand mining equipment, and you don't know how it works perfectly, you might get ripped off and buy something that is already squeezed, broken, with a lot of use or that ends up generating failures (most likely).
Secondly, because of an issue of mining equipment warranties, If you buy the material directly from companies and shops specialised in crypto mining, you will have guarantees in case something fails (sometimes it can even happen that a component does not work due to an incorrect manufacture or a bad connection) and if you buy second hand the graphic cards or the whole mining rig, you do not know if you can get a refund in case of failures.
Then, the most cost-effective option is still to buy Rigs with new components and graphics cards. to have a clear conscience, especially with the investment involved in each outlay of 1 Rig.
How to set up the first cryptocurrency mining farm for businesses?
Once we are clear about the details mentioned in the previous paragraphs, we can now devise and start the project to set up the first cryptocurrency mining farm legally through our company or as a freelancer, nothing to do with setting up your own mining farm from home as a private individual.
In order to start the project, you will need to consider several points
The first point concerns the local whether it is rented or not, where the cryptocurrency farm
The second point concerns the electrical installation that the premises have in order for the crypto farm get the power consumption you need without tripping out or losing wifi connectivity if you have a weak signal, for example
The third point concerns the quantity of Mining Rigs that you want to place, as there is a big difference between placing 5 teams and placing 30 in the same space.
The fourth point concerns the costs derived from the mining activity, The electricity consumed from the electricity distributor has to be paid for at or below market price, which will result in higher monthly profits.
NOW THAT YOU ARE CLEAR ON WHAT TO CONSIDER WHEN SETTING UP A MINING FARM AS A BUSINESS, DO YOU KNOW WHAT MAINTENANCE IS INVOLVED?
Well, if you haven't seen our article about graphics card maintenance in a corporate mining farm, we recommend you to visit us here in the following article
https://www.rigsmineria.com/granja-de-mineria-para-empresas-mantenimientos-y-realidades/
