Mithril Mining

I'm an huge LOTR fan (lord of the rings) and equated mining Digital assets to mining "Mithril" in the Dwarven mountains 🙂

Mithril Mining focuses on Litecoin and Dogecoin, both known for consistent network demand and less competition by other well-funded miners compared to Bitcoin. This strategic choice, combined with efficient mining hardware and a proprietary crypto daily alert system, helps maintain steady returns even when prices fluctuate.

The crypto alert software I built analyzes over 150 market data points daily to identify optimal buy/sell moments for the mined coins. The algorithm was backtested over 7 years of bitcoin historical data and signals when to swing long/swing sell (if one is interested in short term trading or cashflow management) as well "Market cycle top/bottom" for longer term holders. Since Mithril's revenue is daily but its expenses are monthly - this proactive approach of using the swing long/short daily alerts helped me kn0w best times to sell or hold, so as to maximize returns and mitigate any short term downside risk, giving you a clear strategy for navigating crypto volatility.

Like every business, there is risk involved and a digital assets business is no different. That said, Litecoin and Dogecoin mining provide reliable monthly income based on block rewards and transaction fees and has done so ever since June 10, 2022. Additionally, our proven track record—covering both bear and bull markets—underscores the stability of the mining operation. Also unlike real estate which is more illiquid - you also have the option to liquidate assets (miners, hardware, or crypto holdings) through our vendors making it easier to sell vs traditional real estate.

Not at all. This business is set up to be turnkey, with minimal day-to-day requirements. Existing operations can be managed through remote monitoring software that you can setup notifications on your personal phone, and I will provide 6-12 months of advisory guidance to ensure a smooth transition to the new owner.

The current fleet of 25 L7 Antminer machines from Bitmain are on average 2 to 2.5 years old. These miners are built to stay functional for 5-10 years and can last longer in well air-cooled and maintained datacenters like the ones we use.

Antminers L7s from Bitmain are exceptionally well made and built to run non stop for 6-10 years in well managed datacenters. The hardware is housed in a secure, climate-controlled and air-cooled facility in Washington state to minimize downtime. Periodic maintenance is straightforward and can be handled by the hosting provider or through recommended local technicians if you choose your own hosting solution. Over the last 12 months I’ve only had to replace 1 PSU (power supply unit) which costs $250 to replace. A hashboard replacement can cost $500 to replace and is quite rare but can happen. This is why its important to re-invest the profits into upgrading to latest gen machines to not only increase cashflow but cover for any miners that eventually die.

Cryptocurrency mining can offer attractive tax benefits, especially under “Bonus Depreciation” (IRC Section 168(k)). In 2025, you can write off 40% of your mining hardware purchases in the first year, decreasing to 20% in 2026, and fully phasing out by 2027. This allows you to deduct nearly 60% in the first two years, with the remaining 40% depreciated over five years. Additionally, hosting and electricity expenses are deductible as business costs. I’m happy to share best practices and connect you with crypto-savvy accountants for personalized advice.

While both networks have long-standing track records, the mining hardware can be repurposed for similar mining algorithms. Additionally, the alert software can guide you toward more profitable coins or times to liquidate your holdings.

I closely monitor developments in crypto regulations. Mining itself typically falls under “proof-of-work” operations, which are widely recognized as a non-securitized form of investment. Both Litecoin and DOGEcoin fall in the footsteps of Bitcoin as a commodity (similar to say mining gold).

In 2025 and beyond, due to the new administration and Pro-crypto elected officials – I fully expect to see much better regularity clarity on crypto in the USA and further wide adoption by the private sector and governments.

Growth Opportunities for This Business

• Adopt Next-Generation Miners
  Reinvest profits into more efficient hardware such as Bitmain’s Antminer L9 (16 Gh/s), allowing higher hash rates for the same or lower power consumption.

• Diversify Mining Portfolios
  Explore new coins supported by similar Scrypt hardware to reduce risk and tap additional revenue streams. Can merge mine BEL, PEP, JKC and LKY coins in addition to LTC and DOGE on F2Pool without added cost - just requires some setup.

• Secure Lower Electricity Rates
  Lock in rates as low as 7.5¢/kWh through an existing vendor contract (current contracts at 8c/kWh), or even lower by researching new vendor partnerships, cutting operational costs and boosting profitability.

• Leverage Upcoming Bull Cycles
  Position the business to benefit from potential 2025/26 market upswings that historically drive up crypto prices using the proprietary Crypto Tracker software to only sell close to the market cycle tops capturing the upside and tamping any downside.

• Monitor Potential LTC/DOGE ETFs
  Keep an eye on possible exchange-traded fund announcements for Litecoin (LTC) or Dogecoin (DOGE). These could spark short-term price surges and reduce volatility by increasing mainstream adoption. Elon's DOGE (Dept of Govt Efficiency) body will further serve as an ad for the retail to continue investing into DOGEcoin fueling the prices further.

• Seamless Remote Scalability
  Utilize the current streamlined playbook and remote monitoring setup—easy to operate as a one-person venture and straightforward to scale.

The business is designed with resale in mind—mining hardware and associated software equity retain tangible value. Mining assets can be resold via the existing hosting operators secondary marketplaces easily. You can also liquidate the mined coins at market prices instantly if you decide to reduce or end your involvement.

Yes absolutely - I believe in this business and will offer 6 months of advisory support after the sale to ensure a seamless transition. I will even guide you on how to scale it further with the profits coming in as well as connect you with my crypto-tax professional from Florida, who has done an amazing job for our taxes over the years.