Does look pretty bad right now. These people who are selling at this moment really need their wife or GF to handle their money for them, IMO.
Honey, me and the girls are going shopping this afternoon, you don't mind if we take your wallet.dat right?  It seems patently obvious BTC is way overvalued, even compared to those $10 models. It's understandable that everyone went crazy with the euforia but the actual size of the economy, to which price should eventually return is much closer to USD parity. |
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I don't think bitcoins are taxable....and that's kind of the point, isn't it? Besides... Its an international system. Who would have authority to tax it?
I have no illusions there, there might be (temporary) technical loopholes but you have to be prepared to defend them in court and lose badly etc. In theory you are responsible for truthfully declaring your holdings, in whatever form they may be. I guess for tax purposes that would be the BTC/USD spot price at purchase/sale or the given tax date, or whatever your locality's rule on this is. But I'm not a financial advisor either, that's why I'm asking  If you cash out your BTC holdings into your local national currency, however, that would count as capital gain and you would be required by legislation to declare it and pay the tax. (in N.america, anyway....not too sure about international tax law)
Right, no problem there. I'm not a hardcore libertarian opposed to any kind of government or taxation |
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Record keeping or paying taxes is not a problem (VAT on a sale should already be included in the price by the merchant and I would declare my balance at the proper time), but it makes a helluva difference if there is also some kind of tax per transaction or not, that's my most important question really.
An example: if you send $1000 to your account at an exchange, trade it back and forth for BTC and end up with say $1100 after 10 transactions, what is being taxed?
a) your capital, for example in some countries the average of your bank balance on january 1st and december 31st, so in this case $(1000+1100)/2=$1050?
b) some kind of income tax on the gains ($1100-1000=$100)?
c) some kind of trade tax on every transaction, so 10x a percentage of ~$1050 on average?
d) one or more of the above combined?
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I know it's not a pleasent thing but has anyone even thought about tax issues? Or are you supposed to be a pro and know all about these things before you start trading? |
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Do aggression settings make a client yield more or actually idle some of the time? Or is this dependent on the particular client? I'd like to mine at low heat/noise levels since I sleep in the same room.
Edit: also setting clock speeds under Linux is a nightmare, I haven't been able to configure power saving in combination with the open source driver and 4870 yet (/sys/class/drm/card0/device/power_method and */power_profile don't do squat, never mind exact clock/fan speeds).
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Hm, got booted trying to edit that:
There is also a bounty open for a shader that works with the Linux open source driver for the 5xxx and 6xxxx range of cards, that's what I'm waiting for.
I'm looking for the same thing, but to also include the 4xxx series. (I have three 4870x2s just laying around my apartment) I have a 4870 and haven't tried yet but it might already work if the bounty is for the 5/6 series. I just can't use the noise and heat right now with summer for a third to quarter of the performance Especially since my rig is in the bedroom, don't want to end up like that guy with the heat stroke  If not then the bounty might include the 4xxx, not sure. |
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A few trading related and perhaps general Bitcoin related questions: Mt. Gox and Tradehill don't seem to have much in the way of documentation before registering, is this available inside or somewhere else? Particularly regarding rules like how much you can put in/withdraw etc. Is it recommended to use TOR or proxies to get there and/or for trading for security and/or anonimity? Never having done trading before, what regulatory/tax requirerements should I be aware of? For example, is every transaction taxed separately or just whatever balance you end up with? (important distinction for small margin/high volume trading) Are Bitcoin holdings taxable and how do you price them for this purpose at the current volatility, some kind of average or snapshots at the beginning/end of the year or when you convert from/to fiat? Edit: also, is there more in depth documentation of bitcoin itself, apart from the whitepaper? It doesn't have much detail, and I was hoping to avoid diving into source code |
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Hm, got booted trying to edit that:
There is also a bounty open for a shader that works with the Linux open source driver for the 5xxx and 6xxxx range of cards, that's what I'm waiting for.
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If you're going for a 6970 and sleep in the same room, check out the Asus EAH6970 DCII/2DIS4S, it takes 3 slots instead of 2 but it's much quieter than the 2 slot reference design with radial fan.
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Hi all,
the usual, been lurking for weeks, feel I have a handle on the basic stuff so decided to register.
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