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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 1114

post #11131 of 22522
Quote:
Originally Posted by Namwons View Post

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.

Uncle Sugar is concerned where the USD in these transactions is coming from, they don't want Johny Coke Man buying Bitcoin with the proceeds of his illegal business and they'll probably want to tax your cash dollars you earn as income. It all comes down to Big Brother wanting his cut, but as long as your currency stays in crypto transactions, it appears they're going to stay out of it.
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post #11132 of 22522
Quote:
Originally Posted by barkinos98 View Post

Whatchu guys mining nowadays?

im debating mining WDC due to this:

https://scharmbeck.com/

these guys have it almost set that we get bank accounts that link with thier site and auto exchanges WDC to USD/CAD from thier mining pool.
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post #11133 of 22522
Quote:
Originally Posted by Namwons View Post

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.

IRS is part of the Treasury so this is interesting for us to find out. I know that capital gains taxes are important when exchanging your profits for fiat money.
post #11134 of 22522
Quote:
Originally Posted by korruptedkaos View Post

Quote:
Originally Posted by Vinnces View Post

.23 BTC right now. Was .29 before RS had the firesale.

it says you get 0.001% of exchange profits every 6 hours, how much is that right now?

do you get paid in BTC or what?

there is not many coins on there? if I bought say 4 or 5 would it be worth it?

You don't get a whole lot right now because volume is down by a lot compared to last November. Maybe when things picks up again and when he adds another coin, it'll be a lot more.

You get paid for each of the coins.

For me it was well worth it. I bought 5 at .1 BTC each (BTC was $120/BTC at the time). People were trading them like hotcakes and it went to .6 each. So I sold 1 to get my investment back and then I started earning fees for free.

During 2nd sale I bought 6 more at .4 BTC each (BTC was $400/BTC). They're now selling for .2 BTC with occasional rises to .3 BTC (BTC is now at $800).

So it really depends on how you look at it if it's worth it or not. If you're banking on just buying them and getting ROI by hanging onto them, you're going to be waiting a long, long time. But if you pay attention to it, you can sell/buy them to get your money back. I never never sell all of mine because I've seen it go all the way up to 1.5 BTC. But that's when there were still some very active users on the site and currently... that seems to be lacking since RealSolid took a break.

I am bummed that I miss that chance just 18 hours ago where it was at .12 BTC. Now it's at .21?
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post #11135 of 22522
Well, remember that 20 card farm I set up?
2 of the cards dont have their fans spinning but have video outputs (individually) so weird right? Tried on 2 seperate rigs, seperate psus seperate risers and pretty much everything which can be changed around the cards, we changed but their fans would never spin, yet have video outputs. My friend was taking care of it for me (a third dude), what i was planning to do is open the shroud to check the fan connector, and hope they are just unplugged biggrin.gif
Or RMA will happen :/
 
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post #11136 of 22522
Quote:
Originally Posted by barkinos98 View Post

Whatchu guys mining nowadays?
Quote:
Originally Posted by NomNomNom View Post

What rate?

I went from mining straight dogecoin to now LeafCoin.
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post #11137 of 22522
Quote:
Originally Posted by barkinos98 View Post

Well, remember that 20 card farm I set up?
2 of the cards dont have their fans spinning but have video outputs (individually) so weird right? Tried on 2 seperate rigs, seperate psus seperate risers and pretty much everything which can be changed around the cards, we changed but their fans would never spin, yet have video outputs. My friend was taking care of it for me (a third dude), what i was planning to do is open the shroud to check the fan connector, and hope they are just unplugged biggrin.gif
Or RMA will happen :/

and then RMA will get denied tongue.gif make sure you are allowed to remove shrouds and whatnot without voiding warranty

is every one having bad luck ? lol

my new asrock pro btc mobo got damaged during shipping. one corner is bent, crushed cardboard box. the shipping outer box looked fine, as usual overfilled with airbags on the top with no padding on the bottom. sigh.
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post #11138 of 22522
Quote:
Originally Posted by dade_kash_xD View Post

Quote:
Originally Posted by barkinos98 View Post

Whatchu guys mining nowadays?
Quote:
Originally Posted by NomNomNom View Post

What rate?

I went from mining straight dogecoin to now LeafCoin.

What the hell is LeafCoin?
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post #11139 of 22522
Quote:
Originally Posted by dealio View Post

and then RMA will get denied tongue.gif make sure you are allowed to remove shrouds and whatnot without voiding warranty

is every one having bad luck ? lol

my new asrock pro btc mobo got damaged during shipping. one corner is bent, crushed cardboard box. the shipping outer box looked fine, as usual overfilled with airbags on the top with no padding on the bottom. sigh.

want bad luck? 3 of my 6 270s are out on RMA due to bad RAM, they all whitescreened on startup.....gigabyte and thier infamous windforce have cost me yet again.
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post #11140 of 22522
So I have been looking into some coins that may take off, and I have picked these 2 so far Klondike Coin (KDC) and Pot Coin (POT). Does anyone agree? or have their own tips.
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