House-hacking with a bitcoin farm

[Ross Bowman]

Not sure why BP deleted my previous post - seems like the definition of an innovative strategy. 

TLDR: I cover my mortgage with a small bitcoin mining farm. 

Let me know if you have any questions. 

[Ross Bowman]

Originally posted by @Don Konipol:

@Ross Bowman

Not sure how covering your mortgage payment on real property with the profits from a separate business endeavor qualifies as “innovative”. If the mortgage in question is on your personal residence, everyone else who owns their own home covers their mortgage with business profits, investment income or employment earnings. The fact that you have a business mining Bitcoin is no different in this context from owning a clothing store, managing a venture capital partnership, or singing professionally.

If the mortgage is on a commercial or investment property, and either it’s not income producing or has a negative cash flow, then that’s no different then about half our borrowers who need outside sources of income to “feed the alligator”.

Guess I’m just not wowed by the fact that you’ve invested enough in hardware and power to turn a profit mining Bitcoin.

People share about converting part of a home to an ADU for house hacking on here all the time.

Goal isn't to impress the tech-illiterate; goal is to give other people ideas who may be in a similar situation. That's literally the point of this forum.