Yep  When all is said and done  it will  be 200 to 300 pages each year  for under 5000 profit each year.

When I finish 2018  I will give some totals.

There were other ways  to have done my gpu/gear sales    but I was so small I did a manual system which will now cost me a lot of effort to correct.

It also means I can't sell  much the rest of the year. And that I will do zip in sales for 2020.

By 2021 I will have an idea if it will be over and done  or a bigger mess.

My hope is they see a 200-300 page return  with under 100,000 in coin/cash moving around and a profit under 5,000 for 2018  and just say fuck it.

BTW  coinbase refuses to send me a 1099  basically  they are wrong.  I have more then 200 transactions and 20,000 in coin movement.

But I figure  they can not generate a report via auto software and would need to do what I am doing to make a correct 1099  and for tiny account they are like fuck it.

I have been doing lots of tax research on this and can tell you if you are USA based and move your coins around multiple exchanges and accounts you may end up with an insane amount of paperwork for very little profit.

I don't know how much  any exchange  splits a sale or buy of btc other then gdax/coinbase.pro  which is where I started the new return.
I don't know if other software works better then bitcoin.tax

But  I have this knowledge a 1 btc sale or purchase in 2018 on gdax  could be 1000 x 0.0001 = 1 btc so it is possible  that if you need to report to IRS  5 sales of 1 btc each  you could be pushing  into 1000's of entries  to show only 5 sales in 1 year.

I will be making reports for May to Dec 2018  today. I am curious to see exactly how bad the spliting is.

it shows up on website of pangolinminer.com

NAKAZAWA   in the amount of $15

I need one or more for testing.

Their a1041 is pretty nice for home mining.

my hope is it is a two speed  and the low speed is like 31/37 for the a1041   that would be 42/50 for the a1066  and it would be quiet for the home. miner on the low speed.


I sent an email  mentioning this thread. Maybe Steve will post some good info here for us.

How open is open?  4000 is break even if you never mined it if you mined it break even is a bit under 4000  you asked 5000.

I have clients but I know they want deals and steals.

I can order one from the website for   2950 and wait til dec.

Or I can hope bitmain lowers price to 3333 for an instant ship.

I am a 25% share holder in the coins mined in clifton nj
BuySolar has 25% of the coins
Warehouse owner get 50% of the coins

the mining gear owned by me and buysolar 50-50

bitmain gear
1---s17 pro
1---t17
1---s15
1---t15
22--s9

25--- l3+

whatsminer gear
2 m20s
1 m21s
8 m10 units

avalon
2 a1041
1 a721

innosilicon
1 t2-t24
1 t3-t39

a pair of s9 on order due next month
a inno t3-t50 on order due this month


12 1080ti's some in clifton some at a friend's office

1 threadripper rig with 4 vega's

newest rig is the ryzen 9 3900x  

a r606
some newpacs
2 Apollo's


thats about all I can think of

I will be selling my share of clifton mine to buysolar in dec
I will be moving other gear out

By jan  I want to have:
3 gpu rigs at friends office
1 gpu rig at buysolar's office

1 gpu rig at home the ryzen  9 3900x

 I will taking a 1 year leave of absence from mining or selling gear all of 2020.

the 3 rigs at my friends office will be a 0-100 coin split  as I will sell my friend those rigs.
the 1 rig at buysolar's will be a 0-100 coin split as I will give that to him for his kids.

the ryzen 9 3900x will be a test rig for all of 2020 and I will be making my own design of a modified m10 a 1 board design that is not loud.



Slugging through my 2018 taxes

"BTC-USD SELL 2018-04-27 00:09:40 0.00017048 9238.55 0.004724964012 USD + 1.570263039988 USD
 BTC-USD SELL 2018-04-27 00:09:40 0.00700000 9238.55 0.19400955 USD + 64.47584045 USD
 BTC-USD SELL 2018-04-27 00:09:40 0.00196000 9238.55 0.054322674 USD + 18.053235326 USD
 BTC-USD SELL 2018-04-27 00:09:40 0.00967289 9237.50 0.268059964125 USD + 89.085261410875 USD
 BTC-USD SELL 2018-04-27 00:09:40 0.03000000 9237.00 0.83133 USD + 276.27867 USD
 BTC-USD SELL 2018-04-27 00:09:40 0.00800000 9236.99 0.22168776 USD + 73.67423224 USD
 BTC-USD SELL 2018-04-27 00:09:40 0.00100000 9236.25 0.02770875 USD + 9.20854125 USD
 BTC-USD SELL 2018-04-27 00:09:40 0.01000000 9236.25 0.2770875 USD + 92.0854125 USD
 BTC-USD SELL 2018-04-27 00:09:40 0.00541126 9235.37 0.1499249647986 USD + 49.8250633014014 USD
 BTC-USD SELL 2018-04-27 00:09:40 0.05000000 9235.18 1.385277 USD + 460.373723 USD
 BTC-USD SELL 2018-04-27 00:09:40 0.00984903 9234.59 0.2728552618431 USD + 90.6788986858569 USD
 BTC-USD SELL 2018-04-27 00:09:40 0.00253176 9234.59 0.0701392967352 USD + 23.3096262816648 USD
 BTC-USD SELL 2018-04-27 00:09:40 0.00100000 9234.53 0.02770359 USD + 9.20682641 USD
 BTC-USD SELL 2018-04-27 00:09:40 0.03000000 9234.00 0.83106 USD + 276.18894 USD
 BTC-USD SELL 2018-04-27 00:09:40 0.00992139 9233.90 0.274839369363 USD + 91.338283751637 USD
 BTC-USD SELL 2018-04-27 00:09:40 0.01500000 9233.48 0.4155066 USD + 138.0866934 USD
 BTC-USD SELL 2018-04-27 00:09:40 0.00264873 9233.35 0.0733699534365 USD + 24.3832811920635 USD
 BTC-USD SELL 2018-04-27 00:09:40 0.00583446 9233.16 0.1616115080808 USD + 53.7088911855192 USD"


above is my april 27  2018  btc coins sales from coinbase


Above  is just part of why  it will be too hard for me to continue my current business.

Notice 18 lines all with same time stamp  but multiple  prices.  This was a sale of gpus for btc.


I sold gpus got coins put them in coinbase.
 moved them to gdax to sell them for cash
 moved cash back to  coinbase.
 and sent  cash to  bank account.

old method was set correct cost of the gpus.  say 1500   report sales  say 1866 = 366 gross profit  report profit to irs.

irs wants every coin movement to show.

ie 1) coins sent from buy to me in coinbase  report  say .2 btc worth say 1866
    2)coins shifted to gdax
    3) actual sale of the coin  note gdax can sell as little as 0.001 so  my .2000  was split into 17 sales see above  it could have been 200 sales
    3-20) lines of info for that deal.
    4)next show cash went to coinbase
    5)show cash went to bank

then  show cost of gpus  say 1500  sold for  1866 profit of  366 report to irs.


I have many sales  of .1 btc that are 15 or 20 lines of info all must be reported.

I did 3 sales in April  instead of 3 lines to show income  I will need 37 lines.

So I am being forced on 1  sale  of .2 btc to show  17 trades made by gdax some as low as 1.57 usd

while on my end I listed .2 btc to sell at market value.    in both cases i made 366 profit

 my method  was fast easy and accurate   irs method is fuck you phil . you are an honest moron and you are now going out of business due to our i reporting requirements.

I could have avoided this if I never cash coins but  i  coin cashed to buy new gear and pay expenses.

I am particularly annoyed that the single sale of .2 btc done in 1 shot in 1 second made 17 entries

well if btc goes up my  900th will be okay. It will earn a lot.

buying  gear now is most certainly stupid for me to do.
 
The bull is too occupied  to do a full  bull run as
The bull is busy getting laid as the asic companies are fucking everyone over.

The asic companies are trying to squeeze every last drop out of that bull  far before it is ready to pop.

But as I said all spec on my part.

Many people have said it will all end up being commercial Mining large scale.

So 3 to 5 cent miner with the l3+

Does what.  We have 11 gh at Clifton it makes .19 to .20 ltc a day

At 75 bucks an ltc that is 15 dollars.

We use 17000 watts or 17 x 24 = 408 kwatts a day to earn 15 dollars.

At 3 cent power that is 12.24
At 4 cent power that is 16.32 or loser
At 5 cent power that is 20.40 of loser

So we should see a big tank in diff coming right up on ltc.

This post is why I did the thread.  In dec 2017. The s9 made 45 usd a day in coin.  You could sell one for three thousand dollars.  And people would be happy you sold it for that price.

Today the s17 pro makes 14 A day you would be loved by all if you sold one for the same 3000.

The s9 pulls 1350 watts the s17 pulls 2225 watts.

Based on 2017 dec numbers the s9 sold for

the s17 should be under 1750 shipped  today. Last I looked it was over 4100 shipped today.

The exposure to buy 10 s17 and waiting until dec makes zero sense.

I would argue what happens if coins moon to 30 k. Will we see s17 for 8000?

Close..

 the major alt coins with the exception of Xmr all betrayed their promise of Asic resistant al-gore-rythms.

So when asic builders attacked with asics  gpu miners were hurt big time.

true  it does move around.  PM sent.

Well if buying the m20 for 1890 usd in dec turns out to be bad

Buying the s17 pro for 2875 usd in dec would be worse.

yeah but

 the amd ryzen 9 3900x is 500 bucks  doing 12000 for randomx
 the amd eypc 7742 is 7200 bucks doing 36000 for randomx

I could ge 4 3900x for 2000 and  have 48000   vs 1 eypc for 7200 bucks doing 36000




I just did my large page setting for the amd ryzen 9 3900x and I went from  1090 to 1175  stock clocks  this is a good pc for 500 bucks

you can get a good mobo for well under 175


https://www.newegg.com/p/N82E16813157884?Description=asrock%20x570&cm_re=asrock_x570-_-13-157-884-_-Product

and use an nvme2 like this

https://www.newegg.com/hp-ex920-512gb/p/N82E16820326779?

and2 sticks of ram


https://www.newegg.com/g-skill-32gb-288-pin-ddr4-sdram/p/N82E16820232091?Item=N82E16820232091&Description=ddr4%203200&cm_re=ddr4_3200-_-20-232-091-_-Product


so

500 cpu                       ryzen 9 3900x
145 mobo                    asrock x570
  69 nvme ssd              500gb ssd
 135 ram                     2x 16gb sticks at 3200 speed

849 net  add a psu and any old card   you are about 1000- 1050


 you could build 6 of these   say 6000-6300


  the one eypc cpu alone is over  7200  https://www.newegg.com/p/N82E16819113581

---

Playing with newest nicehash  I can get 1450 for xmr  with the 3900x.  Runs hot. I purchased 1 last part a water cooler Corsair h115i


Should keep gear cool.


https://www.bestbuy.com/site/corsair-hydro-series-h115i-rgb-platinum-140mm-processor-liquid-cooling-system-with-rgb-lighting-black-silver/6306565.p?skuId=6306565

I wanted two of these. 

My partners want s17's, m20, m20s  since I have power deals  with them I have to respect them as they control the power.

Both the warehouse guy and buysolar have run businesses for years and both have kids to take care of.

I am retired I get a check and have no debt. I also don't have real control of any of my cheap power deals.

 
Power deal 1 Clifton  is 50 50 coin split  I could put 10 more s17's in there I have 900th for btc  and 11gh for ltc.
 50% to warehouse  then buysolar and I spilt rest.
Power deal 2 Washington state  3 s9's cost me 145 total a month
Power deal 3 my friends office  is 50 50 coin split 1 circuit must be quiet I run 3 pc's there and earn 8 bucks a day to spilt

So the place in washington is maxxed out for me
my friends office is maxxed out.

The place in Clifton  has 40kwatts    left to fill and  they may add 200 more kwatts.   this means  110 online + 40 + 150 = 300kwatts maybe

But both guys want deals on gear.
To me I would not mind 2 from here.
Partners can be good.  We expanded from 42th to 900th in 1 year in Clifton.
But we are kind of stuck right now as to what to do from now on.



I may end up going off line most everywhere Maybe mine in the washingtion state  spot and at my friends office.

I think I need to do this:

not my work found a link to  paste bin

https://steemit.com/monero/@joshmocek/how-to-mine-monero-on-your-cpu-for-windows

https://pastebin.com/5bmtnSp7


"/*
 * LARGE PAGE SUPPORT
 * Large pages need a properly set up OS. It can be difficult if you are not used to systems administation,
 * but the performace results are worth the trouble - you will get around 20% boost. Slow memory mode is
 * meant as a backup, you won't get stellar results there. If you are running into trouble, especially
 * on Windows, please read the common issues in the README.
 *
 * By default we will try to allocate large pages. This means you need to "Run As Administrator" on Windows.
 * You need to edit your system's group policies to enable locking large pages. Here are the steps from MSDN
 *
 * 1. On the Start menu, click Run. In the Open box, type gpedit.msc.
 * 2. On the Local Group Policy Editor console, expand Computer Configuration, and then expand Windows Settings.
 * 3. Expand Security Settings, and then expand Local Policies.
 * 4. Select the User Rights Assignment folder.
 * 5. The policies will be displayed in the details pane.
 * 6. In the pane, double-click Lock pages in memory.
 * 7. In the Local Security Setting – Lock pages in memory dialog box, click Add User or Group.
 * 8. In the Select Users, Service Accounts, or Groups dialog box, add an account that you will run the miner on
 * 9. Reboot for change to take effect.
 *
 * Windows also tends to fragment memory a lot. If you are running on a system with 4-8GB of RAM you might need
 * to switch off all the auto-start applications and reboot to have a large enough chunk of contiguous memory. ..."

not sure if nicehash does it in configuration  I get 1095 hash with the 3900x   some claim hash as high as 1300

https://www.hashrates.com/cpus/amd-ryzen-9-3900x-12-core-processor-24-3.80/



randomx will be over 11000

https://cryptoage.com/en/1712-amd-ryzen-r9-3900x-and-r7-3700x-showed-a-high-hashrate-on-the-mining-algorithm-randomx-monero.html

I want to Thank you for  the  smile you put on my face.

4 cent power has always been a winner for mining.

Almost all people over 10 cent power will eventually not be mining much.

It would not be good for gear builders and or sellers.  It would not be good for those that have a dozen units of gear due in Dec.

My new cellphone account for bitcointalk is Philipma1957cellphone

.6 x 12 = 7.2 watts say 8. 8 x 6 is 48 watts.

Those  molex   If wired correctly have 1 ground and 1

12 volt  wire.  If it is an 18 gauge wire it can provide about 75 watts x .8 = 60 watts.

So you should be able to use 1 molex. Cable

I would put three on two separate cables.

Confirming this is my new cell phone account.

This is the link to my  s-9 build

https://bitcointalk.org/index.php?topic=5160194.0

I get some parts in  and will show a new mod  I really think  sidehack  could run with it.  Polish it up and sell a 1 board with a built in psu.

This is me  I was at a sweet sixteen party just got home.

Niceeeee  coins tanking.

I just grabbed some ltc at 74 bucks.

best thing that can happen is a hard tank  maybe 7777 for btc  and 66.66 for ltc

fingers crossed we really drop.  and that big ass 300 megawatt farm  just  getting built  gets cut hard.

Sooo glad I did not fold and buy  dec gear.

Of course  by the morining  btc could be 11111 and ltc could be 102  and I look like a fool.