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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 1396

post #13951 of 22522
Quote:
Originally Posted by incog View Post

Hey Kaos, you've been piquing my curiosity for some time now, what cards do you have at the moment?

the one's in my sig's?

I bought some 270's but sent them back yesterday. just waiting for credit now so I can look at some more powerful cards. 280's most likely.

I wasn't really happy with how many 270's I can have on that GD65. more hash from 280's per board tongue.gif
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post #13952 of 22522
Quote:
Originally Posted by korruptedkaos View Post

it does all depend how you look at it really. stop saying about 290's I don't want any rolleyes.gif are you trying to sell me some biggrin.gif

if I stop mining because it loses value I still have a gaming rig so that is actually not a loss really is it, it still has purpose. where as if your investing fiat into bitcoins what will you have if it collapses?

my point is basically mining is a better ROI,less risky & the electricity to BTC price is better than purchasing them.

Sure I never said mining wasn't less risk. I was merely pointing out that it isn't what you were implying, free or almost free coins. Mining is trading the value of computational hardware and electrical costs for bitcoins over a long period of time. You accumulate bitcoins slowly but surely and if bitcoins were to crash you would still have a bunch of bitcoins on your hands even if you do mine for them.

On the other hand buying coins is just bypassing hardware and time for a less rate of return but you get the coins instantaneously and thus you're able to make a turnover much quicker. Of course, higher risk is involved.

There's no right or wrong answer. It's just the way things are. Certainly, anything to do with bitcoins isn't risk free.
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post #13953 of 22522
Quote:
Originally Posted by korruptedkaos View Post

Screw tax!

if your clever enough you can dodge that all day.
...and the one time you do get caught, it's HEAVY fines and/or prison time.
 
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post #13954 of 22522
Quote:
Originally Posted by Angrybutcher View Post

...and the one time you do get caught, it's HEAVY fines and/or prison time.

read the rest of the post? rolleyes.gif
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post #13955 of 22522
Quote:
Originally Posted by Angrybutcher View Post

...and the one time you do get caught, it's HEAVY fines and/or prison time.

Are you taxed on each sale, say from coinbase, or are you taxed on gross profit over the entire year? I would think if you filed as if it were a business, you would calculate gross profit but that apply for "trading"? IRS Bitcoin ambiguity is infuriating.
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post #13956 of 22522
Can somebody help me get a CPU miner setup for http://www.clevermining.com/start

frown.gif

I have my wallet ready
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post #13957 of 22522
So I have had two friends text me articles about bitcoins imminent death in the coming future. Does anyone have any input on whether or not this holds any actual water?
post #13958 of 22522
Quote:
Originally Posted by chronicfx View Post

So I have had two friends text me articles about bitcoins imminent death in the coming future. Does anyone have any input on whether or not this holds any actual water?
Who cares about future? Meanwhile they it hits 1K again or so im fine,i don't see myself caring anymore about cryptostuff in the future cause i will be focused on my life.

May be true,may not,who knows. You just have to wait. tongue.gif
post #13959 of 22522
Quote:
Originally Posted by korruptedkaos View Post

I think he means trying to get me to understand your point about taxes!

Me & Digicidal have very different opinions on the whole thing, as he has said before we are from different demographics.

he abides & conforms to the current system, I on the other hand just look for ways to abuse it biggrin.gif

haha I hear you.. For a cool 2 million I may due two years.. for what I actually stand to make.. oh ell no! The couple of grand I may make isnt even worth community service.. tongue.gif

My cousin does his own taxes and you should see what this kid tries to write off because he thinks he's an accountant since he went to school for it.. I am like bro if they audit you, your going to be in trouble..

Some get lucky man and will get away with out.. With my luck I will be the guy who gets pinched over penny's..
To each there own.. Best of luck though.. It will be a long and interesting year (unless you started withdrawing last year)
post #13960 of 22522
minerd.exe -o stratum+tcp://useast.wafflepool.com:3333 -u MYBTCWALLETADDRESS -p d=128
pause

Looking at that, how can I set my number of threads???

I want to keep one cpu open

EDIT: "-t X"

The instructions said to have the "--scrypt" parameter....it doesn't work if I add that.
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