does unregulated also mean untaxed? if i open up a new banking account purely for bitcoin transactions to exchanges, would i get reported to the IRS for suspicious activity? what if i told the bank its a purely BTC account, could they still deny to open up that account?
i have not connected my banking to any exchange yet purely for tax reasons because i dont want to be caught in some financial loop hole i cant get out of.
...on another note, what does this mean for Shrem (BTC Foundation VP)? since this was approved after the fact that his exchange was shut down for working with Silk Road, would he get off the hook?
Any time you receive cash you are supposed to report it and pay taxes. If you convert more than $2000 at a time your bank will be obligated to file a SAR (Suspicious Activity Report).
Do you guys think MCXNow will get some volume anytime soon? Right now I'm making like 5 dollars every month with the 4 MCXFees I have.
I think it is a sneaky way to get you to hold your BTC in a site... Not that they are doing anything wrong, but I would just prefer to do one tiny trade with a fraction of what you have into that and make way more than 5 dollars per month.
That being said, it is no risk (kinda) and predictable, which trading is not. Just depends on how risk adverse you are. Oh and for the volume thing, I would say they will only get volume once Doge is introduced to the system. Probably not until then.
Hey guys. I am having an issue setting up another miner. I recently threw my 270X into a frankensteined machine and just had success getting CGMiner to run. I was getting some "Error -4: Enqueueing kernel onto command queue". I read around and figured out I could do some testing, so I dropped the thread concurrency from 16k to 8k and had no luck. Then I dropped it to 4k and now CGMiner will run. However, the miner now won't collect shares. In my pool, CoinHuntr, the miner is not registering as being active. I've even created another worker to test out, and that had no success. I have double checked the .bat files and all login info is good. I have CGMiner running right now. It is showing that the miner is running at around 420kh/s. Anyone had any issues like this?
It finally accepted one share after running for fifteen minutes....
Dropped the intensity from 19 to 12 and it started accepting more shares. Hash rate has dropped to ~265kh/s.
Try 17 or 18 intensity with -g 1 -w 256 (or even -w 128 or 192) --thread-concurrency about 15k-17k (seems to be the average from the hardware list wiki). Your card should be good for about 420-450kh/s.
If this doesn't work, try -i 10 to 13 with TC=8k to 16k, -w = 128 to 256, -g 2. Keep playing with it, your 270x should be good for about 420 kH/s with the right settings