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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 1401

post #14001 of 22496
Quote:
Originally Posted by lacrossewacker View Post

Quote:
Originally Posted by drnilly007 View Post

I am mining on my igpu and dgpu. Do I put them on the same worker or is each one a separate worker? same for multi dGPU setups?

what iGPU? Intel?

7850k r7 spectre about 100khs slight overclock.

Just not sure if I should set both to one worker or separate workers.

Not sure what invalids mean but I get 0 invalids having both on one worker and about 1-2% if they are separate, only difference that I noticed but I want to make sure I mine the most I can with these weak parts.
Edited by drnilly007 - 2/25/14 at 12:37pm
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post #14002 of 22496
Quote:
Originally Posted by MrStrat007 View Post

Ah okay, not enough then. I lost 150kh/s per card going from 13.11 v9.5 to 14.1. Time to roll back I guess.
Personally I didn't lose any on my 7970's, however the main pool I was attached to went down. On Hashfaster's Doge pool, one card dropped from 630kh/s down to 580kh/s and the other card dropped from 620kh/s to 500kh/s. If I use a different pool, the numbers go back above 600 each. This happened right about the time I switched drivers a couple weeks back.
 
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post #14003 of 22496
Quote:
Originally Posted by MrStrat007 View Post

Ah okay, not enough then. I lost 150kh/s per card going from 13.11 v9.5 to 14.1. Time to roll back I guess.

Well, even without that extra 20kH, my performance was more or less in line with what could be expected of these cards; 14.1 just didn't affect me much. Your results may vary, so you might want to give it a try.
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post #14004 of 22496
Quote:
Originally Posted by Gungnir View Post

Quote:
Originally Posted by MrStrat007 View Post

Ah okay, not enough then. I lost 150kh/s per card going from 13.11 v9.5 to 14.1. Time to roll back I guess.

Well, even without that extra 20kH, my performance was more or less in line with what could be expected of these cards; 14.1 just didn't affect me much. Your results may vary, so you might want to give it a try.

14.1 didnt change my hash rates, neither did 14.2 that I installed this morning. The drivers still need work for gaming 7970s and eyefinity, but for the sake of mining...no change really.

Edit to add a gripe:

what the heck middlecoin...its like the system is set up to not pay me my last .02 BTC, the threashold for payout is .01 and I have been hanging at .009 for almost 24 hours with another .01 unexchanged....

Edited by inedenimadam - 2/25/14 at 12:45pm
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post #14005 of 22496
even something basic like changing vBIOS adds so much hashrate, wow
i've yet to try it out on all 5 cards but one increased to 600 ish from 500-510...
 
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post #14006 of 22496
Quote:
Originally Posted by Syan48306 View Post

Now, if it were like 10 - 15 million worth in bitcoins, hell I might even consider revoking my US citizenship for that kind of money. Hongkong isn't a bad place to live rolleyes.gif

LOL If I had even a tenth of that amount I would do it. I have a decent little stash but it's still less than I make in a year... If I had more than $1M in BTC I would simply quit my job and cash out a quarter of it now, and then 10% per year while consulting for the difference in income.

As far as AngryButcher's comments - that's the most conservative interpretation, and perhaps the safest but I tend to go with a more broad interpretation of the tax code (as it is written). There currently aren't any truly specific guidelines for crypto, but his comment is definitely to the letter of the law - and treats each crypto as if it were a security.

My take on this is that I consider all cryptos to be the same commodity... i.e. If I exchange BTC/LTC into USD which I deposit into my account - then I declare the capital gains with either a $0 basis (if mined) or the cost purchased at if bought with USD. First in first out (so basically they're all mined coins unless I cash out completely). Everything held for at least 1 year so it is always a long term gain.

As the exchanges I trade on regularly are all crypto-to-crypto trades - I still consider this the same basis, and profits in crypto are the same as mining proceeds... $0 basis but non-taxable until they become an actual 'gain' and are then declared. Now that may need to change in the future if we actually get a truly regulated exchange that reports dividends and profit/loss on a 1099-B or reports at least enough to properly deal with a Schedule D. I already do that with my stock portfolio, but there's a significantly different level of risk and reporting there.

I feel completely defensible in my position on crypto-to-crypto trades... as it's similar as a P2P exchange of like goods. Yes, technically they would like you to pay taxes on proceeds from yard sales or if you trade a truck to your neighbor for a BBQ and a travel trailer... but everyone is well aware that they're never going to have the ability to actually collect anything in those cases. At least to my way of thinking, if it's stays crypto... there's no capital being gained. Since I can't declare BTC/LTC/DOGE holdings etc. for consideration as collateral on a debt or in insurance valuations, etc.. it seems ridiculous that I would need to report that I made .5 BTC by trading back and forth on BTC/DOGE pairs over the course of a month... and I'm certainly not going to bother submitting all ~80 trades or so to document those gains.

I will, however, pay taxes on that .5BTC just like the rest of my cryptos (and at a $0 cost-basis) if and when they become USD or any hard asset with a declarable value in USD.

If I was already dodging creditors, utilities and tax collectors like some people around these parts... then yes, I'd probably go "all-in" and never pay any... and hope I could get out of the country when they actually came to collect. As it stands I prefer to pay my taxes, declare my earnings, and stack my cryptos... makes it pretty easy to sleep at night IMO.
post #14007 of 22496
Can anyone suggest places to use BTC within the US?
I only know of TigerDirect that accepts them
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post #14008 of 22496
Quote:
Originally Posted by Skye12977 View Post

Can anyone suggest places to use BTC within the US?
I only know of TigerDirect that accepts them

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post #14009 of 22496
Quote:
Originally Posted by Skye12977 View Post

Can anyone suggest places to use BTC within the US?
I only know of TigerDirect that accepts them

overstock.com
frozencpu.com
amagimetals.com

I have purchased from each of these with BTC just fine.

The adoption rate for large operations is slow, but growing. There are tons of smaller shops that take btc, these are just the bigs' that I have used.
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post #14010 of 22496
Quote:
Originally Posted by DiGiCiDAL View Post

LOL If I had even a tenth of that amount I would do it. I have a decent little stash but it's still less than I make in a year... If I had more than $1M in BTC I would simply quit my job and cash out a quarter of it now, and then 10% per year while consulting for the difference in income.

As far as AngryButcher's comments - that's the most conservative interpretation, and perhaps the safest but I tend to go with a more broad interpretation of the tax code (as it is written). There currently aren't any truly specific guidelines for crypto, but his comment is definitely to the letter of the law - and treats each crypto as if it were a security.

Sadly you can't retire with just $1M or even $2M. even now, people @ 65 are recommended to have a couple millions stashed away for retirement. Assuming you're not old, you wont make it unless you've got like 3 - 5 M if you plan on just living a retired life. wink.gif
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