Overclock.net › Forums › Distributed Computing › Distributed Computing - General › [Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread
New Posts  All Forums:Forum Nav:

[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 1329

post #13281 of 22535
Quote:
Originally Posted by Minusorange View Post

Playing the market has absolutely no appeal to me though, I just want to do some analysis on some coins, pick a coin I like the sound of, mine it for a week or 2 then trade it to LTC and hold onto it for long term investment potential.

OK, that works, but make sure you research the market you want to trade on, not every coin can be traded directly for either Bitcoin or Litecoin if you mine one that your exchange doesn't allow for that, you can run into additional steps and transaction fees trying to get where you want to go. wink.gif
Roulette Run
(14 items)
 
  
CPUMotherboardGraphicsRAM
AMD FX-8350 SABERTOOTH 990FX/GEN3 R2.0 Galaxy GTX 780 HOF G.Skill 
RAMCoolingOSMonitor
G.Skill Noctua NH-D14 120mm & 140mm SSO CPU Cooler Windows 7 ASUS VN247H-P Black 23.6" 1ms (GTG) HDMI Widesc... 
KeyboardPowerCaseMouse
Logitech Y-RCP140 Antec CP-850 Antech 1200 Logitech M185 
Mouse PadAudio
None Klipsh THX 
  hide details  
Reply
Roulette Run
(14 items)
 
  
CPUMotherboardGraphicsRAM
AMD FX-8350 SABERTOOTH 990FX/GEN3 R2.0 Galaxy GTX 780 HOF G.Skill 
RAMCoolingOSMonitor
G.Skill Noctua NH-D14 120mm & 140mm SSO CPU Cooler Windows 7 ASUS VN247H-P Black 23.6" 1ms (GTG) HDMI Widesc... 
KeyboardPowerCaseMouse
Logitech Y-RCP140 Antec CP-850 Antech 1200 Logitech M185 
Mouse PadAudio
None Klipsh THX 
  hide details  
Reply
post #13282 of 22535
Can we add Stilt's link to the OP?
Gaming Rig
(19 items)
 
 
New Custom Case
(3 photos)
CPUMotherboardGraphicsGraphics
8350 Asus 990fx Sabertooth Diamond hd7970 Diamond HD7970 
RAMHard DriveHard DriveHard Drive
Gskill Ripjaws OCZ Agility 3  2Tb Seagate Sata3 3Tb Western Digital Green Drive 
Optical DriveCoolingCoolingCooling
LG Bluray Burner Swiftech HD Koolance MVR-100 Koolance CHC-125 
CoolingCoolingCoolingOS
Swiftech MC35x2 with dual top Feser Triple 120 Radiator Corsair SP120 Quiet x 3 Windows 7 Ultimate x64 
PowerCase
Corsair AX750 CaseLabs M8 
  hide details  
Reply
Gaming Rig
(19 items)
 
 
New Custom Case
(3 photos)
CPUMotherboardGraphicsGraphics
8350 Asus 990fx Sabertooth Diamond hd7970 Diamond HD7970 
RAMHard DriveHard DriveHard Drive
Gskill Ripjaws OCZ Agility 3  2Tb Seagate Sata3 3Tb Western Digital Green Drive 
Optical DriveCoolingCoolingCooling
LG Bluray Burner Swiftech HD Koolance MVR-100 Koolance CHC-125 
CoolingCoolingCoolingOS
Swiftech MC35x2 with dual top Feser Triple 120 Radiator Corsair SP120 Quiet x 3 Windows 7 Ultimate x64 
PowerCase
Corsair AX750 CaseLabs M8 
  hide details  
Reply
post #13283 of 22535
Quote:
Originally Posted by utnorris View Post

Can we add Stilt's link to the OP?

Added! :thumb:

Number Cruncher
(16 items)
 
HTPC
(11 items)
 
750TIMINER2
(15 items)
 
CPUMotherboardGraphicsRAM
i7 2600k ASUS Sabertooth Z77 Sapphire 290 Tri-x 4GB OC CORSAIR Vengeance 16GB 
Hard DriveHard DriveHard DriveOptical Drive
Intel 520 120 GB SSD Seagate Barracuda 1 TB 250GB Samsung 840 EVO SSD LG Blu-Ray Lightscribe Combo Burner 
CoolingOSMonitorPower
Swiftech H320 (CPU only) Windows 7 Ultimate 27" Shimian 1440p Monitor 1000W Corsair PSU 
CaseMouseMouse PadAudio
800D custom painted and fixed up! 15 year old Microsoft Custom Minecraft Mousepad Logitech 2.1 Speakers (wub wubbity wub wub) 
CPUMotherboardGraphicsRAM
i5 3570k MSI Z68 MA-ED55 MSI GTX 750 Ti 6GB Corsair XMP 
Hard DriveOptical DriveCoolingOS
500GB WD Blue ASUS DVD Burner Hyper 212+ Windows 8.1 
PowerCase
Rosewill HIVE 750W Rosewill Blackbone 
CPUMotherboardGraphicsRAM
AMD Sempron 145 Gigabyte 990FXA-UD3 4x MSI GTX 750 Ti 6 GB Corsair XMP 
Hard DriveCoolingOSMonitor
500 GB Seagate Barracuda Stock Windows 7 LG 20" 900p display 
KeyboardPowerCaseMouse
Dell generic Rosewill HIVE 750W Rosewill Thor V2 Dell generic 
Other
4x USB Powered Risers 
  hide details  
Reply
Number Cruncher
(16 items)
 
HTPC
(11 items)
 
750TIMINER2
(15 items)
 
CPUMotherboardGraphicsRAM
i7 2600k ASUS Sabertooth Z77 Sapphire 290 Tri-x 4GB OC CORSAIR Vengeance 16GB 
Hard DriveHard DriveHard DriveOptical Drive
Intel 520 120 GB SSD Seagate Barracuda 1 TB 250GB Samsung 840 EVO SSD LG Blu-Ray Lightscribe Combo Burner 
CoolingOSMonitorPower
Swiftech H320 (CPU only) Windows 7 Ultimate 27" Shimian 1440p Monitor 1000W Corsair PSU 
CaseMouseMouse PadAudio
800D custom painted and fixed up! 15 year old Microsoft Custom Minecraft Mousepad Logitech 2.1 Speakers (wub wubbity wub wub) 
CPUMotherboardGraphicsRAM
i5 3570k MSI Z68 MA-ED55 MSI GTX 750 Ti 6GB Corsair XMP 
Hard DriveOptical DriveCoolingOS
500GB WD Blue ASUS DVD Burner Hyper 212+ Windows 8.1 
PowerCase
Rosewill HIVE 750W Rosewill Blackbone 
CPUMotherboardGraphicsRAM
AMD Sempron 145 Gigabyte 990FXA-UD3 4x MSI GTX 750 Ti 6 GB Corsair XMP 
Hard DriveCoolingOSMonitor
500 GB Seagate Barracuda Stock Windows 7 LG 20" 900p display 
KeyboardPowerCaseMouse
Dell generic Rosewill HIVE 750W Rosewill Thor V2 Dell generic 
Other
4x USB Powered Risers 
  hide details  
Reply
post #13284 of 22535
Quote:
Originally Posted by Roulette Run View Post

OK, that works, but make sure you research the market you want to trade on, not every coin can be traded directly for either Bitcoin or Litecoin if you mine one that your exchange doesn't allow for that, you can run into additional steps and transaction fees trying to get where you want to go. wink.gif

This is why I'm struggling to find something worthwhile that doesn't already have a high difficulty and stuck on Doge tongue.gif
Lightning Stryke
(22 items)
 
  
CPUMotherboardGraphicsRAM
4770k @ 4.4Ghz Gigabyte z87x UD4H Aorus Xtreme 1080 Ti Mushkin Blackline Enhanced 16GB 
Hard DriveHard DriveHard DriveOptical Drive
Seagate Barracdua 2TB Hitachi Deskstar 1TB Hitachi Deskstar T7K500 400GB SATA-II 16MB Cache Samsung SH-S203NBEBN 20x DVD±RW SATA Dual Layer  
CoolingCoolingCoolingCooling
Phanteks PH14TC-PE_BL Cooler Master 200mm Cooler Master 120mm Cooler Master 140mm 
CoolingOSMonitorKeyboard
Bitfenix Recon Windows 7 Professional BenQ G2420HDBL Logitech G15 
PowerCaseMouseMouse Pad
Cooler Master V700 Cooler Master CM Storm Stryker Logitech G500s Aula 
AudioAudio
Creative x fi platinum fatal1ty champion  MBox 2 Mini 
  hide details  
Reply
Lightning Stryke
(22 items)
 
  
CPUMotherboardGraphicsRAM
4770k @ 4.4Ghz Gigabyte z87x UD4H Aorus Xtreme 1080 Ti Mushkin Blackline Enhanced 16GB 
Hard DriveHard DriveHard DriveOptical Drive
Seagate Barracdua 2TB Hitachi Deskstar 1TB Hitachi Deskstar T7K500 400GB SATA-II 16MB Cache Samsung SH-S203NBEBN 20x DVD±RW SATA Dual Layer  
CoolingCoolingCoolingCooling
Phanteks PH14TC-PE_BL Cooler Master 200mm Cooler Master 120mm Cooler Master 140mm 
CoolingOSMonitorKeyboard
Bitfenix Recon Windows 7 Professional BenQ G2420HDBL Logitech G15 
PowerCaseMouseMouse Pad
Cooler Master V700 Cooler Master CM Storm Stryker Logitech G500s Aula 
AudioAudio
Creative x fi platinum fatal1ty champion  MBox 2 Mini 
  hide details  
Reply
post #13285 of 22535
Quote:
Originally Posted by cam51037 View Post

Added! thumb.gif

You're awesome!
Gaming Rig
(19 items)
 
 
New Custom Case
(3 photos)
CPUMotherboardGraphicsGraphics
8350 Asus 990fx Sabertooth Diamond hd7970 Diamond HD7970 
RAMHard DriveHard DriveHard Drive
Gskill Ripjaws OCZ Agility 3  2Tb Seagate Sata3 3Tb Western Digital Green Drive 
Optical DriveCoolingCoolingCooling
LG Bluray Burner Swiftech HD Koolance MVR-100 Koolance CHC-125 
CoolingCoolingCoolingOS
Swiftech MC35x2 with dual top Feser Triple 120 Radiator Corsair SP120 Quiet x 3 Windows 7 Ultimate x64 
PowerCase
Corsair AX750 CaseLabs M8 
  hide details  
Reply
Gaming Rig
(19 items)
 
 
New Custom Case
(3 photos)
CPUMotherboardGraphicsGraphics
8350 Asus 990fx Sabertooth Diamond hd7970 Diamond HD7970 
RAMHard DriveHard DriveHard Drive
Gskill Ripjaws OCZ Agility 3  2Tb Seagate Sata3 3Tb Western Digital Green Drive 
Optical DriveCoolingCoolingCooling
LG Bluray Burner Swiftech HD Koolance MVR-100 Koolance CHC-125 
CoolingCoolingCoolingOS
Swiftech MC35x2 with dual top Feser Triple 120 Radiator Corsair SP120 Quiet x 3 Windows 7 Ultimate x64 
PowerCase
Corsair AX750 CaseLabs M8 
  hide details  
Reply
post #13286 of 22535
Here's a question for you longtime Miners out there.

What are the canadian and states tax laws concerning having extra cash basically magically appering in your pockets?
post #13287 of 22535
Quote:
Originally Posted by Roulette Run View Post

Holy cow, check out some of these just crazy mining rigs: http://www.thinkcomputers.org/insane-crypto-currency-mining-rigs/
There's a regular on mcxnow who has 100+ 7950's and 100+ 280x's. he has shown pics of them.

What I wonder is how do they power these? Are they in some sort of industrial warehouse or something?
Quote:
Originally Posted by Dortheleus View Post

Here's a question for you longtime Miners out there.

What are the canadian and states tax laws concerning having extra cash basically magically appering in your pockets?

AFAIK atm you only need to report if you make large deposits to your bank account. Because the banks will report unusual large deposits.

You should also keep records of your purchases with BTC's too. We've got 11 more months till next tax season and with the bitcoin's rising popularity, I'm sure the government will find a solid way to tax it by then.
My gaming desk
(14 items)
 
Miner
(15 items)
 
 
CPUMotherboardGraphicsRAM
AMD FX-8350 ASUS Sabertooth 990FX Sapphire 290x Patriot Viper Extreme Division 4 
Hard DriveHard DriveCoolingCooling
OCZ Vertex 460 WD 1TB Blue Koolance 380A EK-FC R9-290X 
OSMonitorKeyboardPower
Windows 8.1 64-bit Monoprice 27" IPS-Glass Pro Panel DUCKY! Antec HCP 850W 
CaseMouse
Hand built wooden desk Logitech G700S 
CPUMotherboardGraphicsGraphics
AMD A10 7850K ASUS A88X-Pro Sapphire 280x Sapphire 280x 
RAMHard DriveHard DriveCooling
Patriot Viper Xtreme Div4 1866mhz 60GB Vertex2 WD Caviar 500AAKS XSPC Rasa 
OSPowerCase
Windows 7 64 bit EVGA 1000W G2 Thermaltake Level 10 GTS 
  hide details  
Reply
My gaming desk
(14 items)
 
Miner
(15 items)
 
 
CPUMotherboardGraphicsRAM
AMD FX-8350 ASUS Sabertooth 990FX Sapphire 290x Patriot Viper Extreme Division 4 
Hard DriveHard DriveCoolingCooling
OCZ Vertex 460 WD 1TB Blue Koolance 380A EK-FC R9-290X 
OSMonitorKeyboardPower
Windows 8.1 64-bit Monoprice 27" IPS-Glass Pro Panel DUCKY! Antec HCP 850W 
CaseMouse
Hand built wooden desk Logitech G700S 
CPUMotherboardGraphicsGraphics
AMD A10 7850K ASUS A88X-Pro Sapphire 280x Sapphire 280x 
RAMHard DriveHard DriveCooling
Patriot Viper Xtreme Div4 1866mhz 60GB Vertex2 WD Caviar 500AAKS XSPC Rasa 
OSPowerCase
Windows 7 64 bit EVGA 1000W G2 Thermaltake Level 10 GTS 
  hide details  
Reply
post #13288 of 22535
Large deposits.. hmm $100-$200 increments ok?

Honestly though if they pase some law saying we need to file for profits of that nature on our taxes does it affect the deposits we made before the law was passed?

I deposit into my account from Coinbase so I am sure the government has there hand in those guys records already.. But then again I doubt my $500 will bother them haha..

I would just hate my $500 turning into $250 you know.
post #13289 of 22535
Quote:
Originally Posted by JMattes View Post

Large deposits.. hmm $100-$200 increments ok?
dunno
Quote:
Honestly though if they pase some law saying we need to file for profits of that nature on our taxes does it affect the deposits we made before the law was passed?
There's already a law like that though. It's geared towards those investing in stocks and then making withdrawals. Which is why banks are required to report unusual deposits.
Quote:
I deposit into my account from Coinbase so I am sure the government has there hand in those guys records already.. But then again I doubt my $500 will bother them haha..

I would just hate my $500 turning into $250 you know.

I think any us based exchanges keeps records already to comply with regulations.
My gaming desk
(14 items)
 
Miner
(15 items)
 
 
CPUMotherboardGraphicsRAM
AMD FX-8350 ASUS Sabertooth 990FX Sapphire 290x Patriot Viper Extreme Division 4 
Hard DriveHard DriveCoolingCooling
OCZ Vertex 460 WD 1TB Blue Koolance 380A EK-FC R9-290X 
OSMonitorKeyboardPower
Windows 8.1 64-bit Monoprice 27" IPS-Glass Pro Panel DUCKY! Antec HCP 850W 
CaseMouse
Hand built wooden desk Logitech G700S 
CPUMotherboardGraphicsGraphics
AMD A10 7850K ASUS A88X-Pro Sapphire 280x Sapphire 280x 
RAMHard DriveHard DriveCooling
Patriot Viper Xtreme Div4 1866mhz 60GB Vertex2 WD Caviar 500AAKS XSPC Rasa 
OSPowerCase
Windows 7 64 bit EVGA 1000W G2 Thermaltake Level 10 GTS 
  hide details  
Reply
My gaming desk
(14 items)
 
Miner
(15 items)
 
 
CPUMotherboardGraphicsRAM
AMD FX-8350 ASUS Sabertooth 990FX Sapphire 290x Patriot Viper Extreme Division 4 
Hard DriveHard DriveCoolingCooling
OCZ Vertex 460 WD 1TB Blue Koolance 380A EK-FC R9-290X 
OSMonitorKeyboardPower
Windows 8.1 64-bit Monoprice 27" IPS-Glass Pro Panel DUCKY! Antec HCP 850W 
CaseMouse
Hand built wooden desk Logitech G700S 
CPUMotherboardGraphicsGraphics
AMD A10 7850K ASUS A88X-Pro Sapphire 280x Sapphire 280x 
RAMHard DriveHard DriveCooling
Patriot Viper Xtreme Div4 1866mhz 60GB Vertex2 WD Caviar 500AAKS XSPC Rasa 
OSPowerCase
Windows 7 64 bit EVGA 1000W G2 Thermaltake Level 10 GTS 
  hide details  
Reply
post #13290 of 22535
Quote:
Originally Posted by JMattes View Post

Large deposits.. hmm $100-$200 increments ok?

Honestly though if they pase some law saying we need to file for profits of that nature on our taxes does it affect the deposits we made before the law was passed?

I deposit into my account from Coinbase so I am sure the government has there hand in those guys records already.. But then again I doubt my $500 will bother them haha..

I would just hate my $500 turning into $250 you know.

Any deposit or withdrawal below $10,000 USD shouldn't be reported to the government. Though some bank that I know of, HSBC for example, will ask a TON of stupid question if you even decide to withdraw like $3000 from you account. I doubt any laws that get past will be retroactive. It's almost like asking you to pay for sales tax owned on Amazon purchases before they forced Amazon to start collecting for them.
Main Rig
(15 items)
 
  
CPUMotherboardGraphicsRAM
i7 4770k Asus Maxiumus VI Formula Evga 780 Ti Classified Trident 16GB 2400mhz 
Hard DriveHard DriveHard DriveCooling
Sandisk Extreme Sandisk Extreme Plextor M5P Custom Water Loop 
OSMonitorPowerCase
Windows 8.1 Pro Crossover Corsair Axi 1200 NZXT 810 Phantom 
MouseAudioAudio
Logitech G9 Fiio E17 HD650 
  hide details  
Reply
Main Rig
(15 items)
 
  
CPUMotherboardGraphicsRAM
i7 4770k Asus Maxiumus VI Formula Evga 780 Ti Classified Trident 16GB 2400mhz 
Hard DriveHard DriveHard DriveCooling
Sandisk Extreme Sandisk Extreme Plextor M5P Custom Water Loop 
OSMonitorPowerCase
Windows 8.1 Pro Crossover Corsair Axi 1200 NZXT 810 Phantom 
MouseAudioAudio
Logitech G9 Fiio E17 HD650 
  hide details  
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Distributed Computing - General
Overclock.net › Forums › Distributed Computing › Distributed Computing - General › [Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread