From a taxation perspective, I think it's important to clarify if running a Bitcoin mining operation is more like property exchange, labor to solve a puzzle, vs winning a lottery that runs every 10 minutes.
I'm looking from someone to answer who is familiar with accounting rules regarding lotteries, gambling, and similar operations. As it stands, lottery earnings are taxed at enormous rates. (50%)
Although I'm interested in US based operations, anyone with experience in other countries would be of interest as well.