A few months ago I setup a Hotspot Miner in my window. Nothing crazy.
I downloaded the Helium app and configured the Hotspot. I connected it to the Internet. It uses very minimal bandwidth. My location was not great so I partnered w/ my friend and we put it at his house high in the air.
Helium is at 40.77 currently. When I started this venture, Helium was at 19.00 and dropped to 13.00 or so.
BOOOOOM!
On less electricity than it takes to keep a light bulb running, I mined $445.86 dollars in 30 days. I partnered with my buddy and we just go 50/50. I do zero management and my net profit is $222.93.
When it comes to taxes, he just sends me my net profit per month and I mark it as mining in my tax software. Mining is considered income so by tagging it appropriately, I am paying the appropriate income tax at the end of the year. When I sell it one day, I will pay capital gains taxes if it continues to go up in value.
Here is what this would look like in Koinly.
If you are interested in Koinly, I dropped a link to purchase.
Helium is pretty great. Friendly reminder that you need to change your header graphic in the email that goes out to subs :D