Insurance options for miners

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bear2019Full Member
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#1Jun 14, 2023, 11:18 AM
What are the ways to protect miners from fire and theft? Is there a company offering such insurance?
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darkguruHero Member
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#2Jun 14, 2023, 01:40 PM
For 1, only a business insurance would ever provide that. Of course that means you have to register your operation as a business. After that it is just a matter of contacting different business insurance providers to see if they cover what is by all definition a data center and the equipment located there.
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bear2019Full Member
Posts: 67 · Reputation: 484
#3Jun 14, 2023, 03:24 PM
oh thank you . i'm starting a farm. the comparison to a data center is great and effective for an insurance.
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darkguruHero Member
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#4Jun 14, 2023, 08:34 PM
If you are in the US, checkout https://www.section179.org/section_179_deduction/ as you can write off most of the cost of the miners. They are computers essential to the business. All other typical business expenses such as building, power, etc are deductible as well. That is of course another benefit to running the farm as a business
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