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If you are planning on getting into Bitcoin mining, aside from the ASIC mining rig, you will also need additional kit depending on your situation. This is done by those computers I mentioned solving complex cryptographic hash puzzles to verify blocks of transactions that are updated on the blockchain ledger. If you do not have the space or desire to hold your own mining equipment, there are hosted mining solutions available. If you find a legitimate cloud mining operation and you are making profit, you will very likely need to pay taxes on that profit. By Tayler McCracken.
