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It means that everyone who completes OTP verification will get an airdrop. We apologize for the confusion and have reflected the change on the page.
Thanks. But it still says "NXY 100% Airdrop", 100% of what? Does it mean the entire (100%) supply will be distributed via airdrop? Or does the 100% means 100NXY/person (verified OTP), and those without verified OTP would get say 50% (50NXY)? Or does it mean that entire Airdrop pool (100%) will only be distributed on-site among the OTP-verified users? Still confusing. Ps. Could you provide more details (link?) on the NXY tokens (total supply/features etc)? |
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Just wondering if Coinbase is a good choice as a starter, or which others are trusted by the community?
For legit legal bank deposits for paying electricity.
I use to love Poloniex, but they have done some very shifty stuff past few months.
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Poloniex is crypto-only exchange, so no good anyways, they don't support US$ withdrawals (USDT is not USD). Yeah, I'd probably give Coinbase a try + Kraken + BitStamp + maybe Gemini. I believe all of them support business accounts. Being registered/verified with few exchanges lets you test in practice and see which one is the smoothest/fastest/cheapest + lets you choose the best rate at the time + opens up arbitrage trading opportunity. ...
If the yearly income is below $50,000, and if you're smart, I would suggest not to declare anything to anyone. That's what I would do, but then I've always been a bad taxpayer.
I appreciate your anti-system sentiment, but this advice is pretty stupid and definitely don't belong in 'Legal' section. Getting ~50k regular annual income unlikely would go unnoticed in the long run (unless you want to bury your cash in the garden) so would require OP to do money laundering. |
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... Where did you read "100% airdrop"? I don't find anything like that written anywhere. Maybe you misred it?  It's on their website, see screen cap:  Doesn't make much sense, especially when every user is to get a fixed amount of 100 NXY |
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2. AIRDROP
NXY token airdrop to the first 100,000 members who complete OTP verification!
· Event period : 6/25 ~ 7/15
· First 100,000
· Token payoff : September, 2018
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Are already registered users, with OTP verification set up, also included in the airdrop? Or is it a special offer for new customers? What does the "NXY 100% Airdrop" mean? Are you airdropping 100% of total token supply to the first 100k people? |
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Hi. I made 11 posts in the past week, your spreadsheet's showing 10 qualifying posts by my name (so minimum was reached), but I didn't get paid and am highlighted yellow with no explanation. There's also no "not eligible" note, so I'm bit confused on all that. If that "10" is supposed to be total posts, then it's incorrect, as my total number of posts was 11. To be fair, 2 of the 11 posts should probably be excluded as unsubstantial, but if that's the case why is it not reflected in the spreadsheet? |
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Direct experience trumps stats.
Stats - collected and compiled direct experiences of multiple individuals |
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... if I understand the problem that they are trying to address(which I really don't)...
Not much of a problem-solving with this one. Just another 'revolutionary' centralised exchange, promising dividends on tokens every 10 minutes, to be run by anonymous people (who will lose any financial incentive to do anything the moment the ICO is over). |
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... OTC cash would be flagged by the bank in no time, correct?
Especially after a few years and with such an electric bill.
Registering the business overseas legally would be interesting as mentioned above, but not fully sure how it would be beneficial on this type of setup since the methods explained would not affect taxable income or tax rate to my knowledge.
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If it's your first business, then definitely try to keep it simple and don't overdo it with unnecessary foreign bank accounts and registrations. It's counterproductive and suspicious as hell. If you intend to mine from US - register in US. If there's few people involved, start a simple partnership company (LLC?), if you're not familiar with it, get some business formation service agents involved to guide you through it. Go to your local bank, ask for business account options, have a chat with manager, explain honestly what type of business you intend to start and whether there's a risk of bank flagging such operations. If the monthly costs are cheap, or none, open accounts with 2 different banks, just in case. When you have your company registered + active bank account, then proceed to open accounts on 2-3 major btc/fiat exchanges that allow corporate customers - it costs nothing to open such account and you can just test which one is best for you. ...
Renting excess space at shipping and freight storage buildings are a great deal for starting up a mining operation just an FYI I learned.
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Just make sure 1- you'll have an easy access to your miners, if something goes wrong, 2- facility management are aware of the heat/noise your miners will be generating, 3- get the legal terms agreed (insurance, liability). ...If you are doing everything by the books, you can then also write off the electricity and miners on your taxable income, making the effective rate 25-45% less or an easy 0.05/kwh
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You can write-off pretty much every costs and pay tax only on the actual profit, but I don't see how does that make electricity effectively 24-25% cheaper. It doesn't. |
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LOL, they actually have this 'explained' in their FAQ: Why doesn't the team reveal their names?
The main idea of the project is to create a product managed by society. In this case, the product itself belongs to the community, and not to certain individuals. In other words, let the community do the development, we'll just take the money.
I see nothing wrong with anonymous devs/projects, but you simply don't run the ICO if you want to stay anonymous. This shit is a blatant scam. |
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This belongs to 'speculation' board: https://bitcointalk.org/index.php?board=57.0As I wrote in some other thread recently - Yes, ICO can, and likely do have negative impact on BTC price. The mechanism is simple, devs raise funds (in BTC/ETH etc) during the ICO, then they'll have to eventually dump all, or most of it, for fiat money, driving the price down. But there's more than that. Most of tokens/altcoins have the highest trading volume in BTC pairs. That gives BTC a utility, a practical use which drives the price up. Similarly, there could be a lot of people who would only buy bitcoins just to be able to participate in ICOs, so - positive effect on the price. There's no way to make a definite and fair judgement without looking deeper and considering all the factors. Personally, my gut feeling tells me that without altcoins/tokens, Bitcoin wouldn't be where it is right now (price-wise). |
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This year's trend is the registration of cryptocurrency business in Malta. Maybe you need to explore business opportunities in this country. I also heard that there is a very loyal legislation in Estonia. You can obtain Estonian e-citizenship via the Internet and start your own business in this country.
Not a great advise if OP only wants to buy few miners and operate them from home (US?). Especially when IRS don't care where you live/operate, you still have to file tax return with them. For the simple type of operations (i.e. you're not selling hashpower to the public), I'd go with the simplest business model, ie. sole trader (sole proprietorship), which is enough to allow for operational expenses. As for exchanges/cashing out - I'd definitely sign up (and full-verify) with at least 2 of them, just to have a back up if one decides to freeze your account + get a dedicated bank account for that purpose. |
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In simple terms - Yes, if the devs of the new, successful ICO raise a lot of funds (in BTC/ETH) and next they dump it all for fiat money, then the effect on the price would be negative. But it's more complex than this.
Don't know what had caused the recent crash, but I doubt it was related to any ICO, as that would be rather easy to trace.
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so bitcoin is very hard to attack in this method. (51%)
where did this figure come from, 51%? What kind of method? Please enlight me. ... Bought account, or just didn't bother to learn the basics? so bitcoin is very hard to attack in this method. (51%)
but other cryptocurrencies are very vulnurable to such attacks.
so attacker can steal other currencies and then buy with them bitcoins...
how can this problem be solved?
I honestly see no problem here. I would in fact argue whether doing such thing is illegal (iirc Bitcoin core dev, Luke jr performed 51% attack on some SHA256 altcoin in the past). But the bottom line is, if someone is willing to exchange their bitcoins for some vulnerable shitcoin, then it's their choice (and their loss). |
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Wow! Those damn chinamen kick serious ass.
Those Swedish pussies at KnC miner look like silly little bitches with their garbage Neptune mining junk. They don't understand shit about business and now they are driven away as another non-competitive clunk.
Those shrewd Jews can squeeze a penny until Lincoln screams, but Spondoolies couldn't stay competitive against the hyper efficient Chinese manufacturing.
Survival of the fittest my friend. The Jews and Swedes are OUT OF BUSINESS because the fucking Chinese kicked their asses.
chines the world second good suppliers and controlling the world market. and now emerging as world number one. how can you say that they do not know way business. Jesus Christ lad, that's the exact opposite of what he wrote, put a little effort in reading before replying (to post from 2016 btw). We all know you want to bump your post count but have some standards. |
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It's so interesting to see that Kodak has applied blockchain technology even it failed to deal with paradigm shift. I think it will be quite interesting to see how Kodak goes along with it!
Wrong thread or mindless spamming? |
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KYC is much to have information of user, this process prevent the money laundry. KYC is good if the if the organization is reputable and keeps your information confidential. But it would be a problem if you provided information for fake projects, they could sell your personal data to others.
That's the problem right there. Absolute vast majority of ICOs are created by newly created organisations with no track record. And even if you consider them legit (i.e. because of non-anonymous, trusted devs), you still don't know how and who will be dealing with your personal documents. High-volume account verification and processing of docs is likely to be done by entry level, low-paid staff, so the risk of rogue employee mishandling/stealing/selling your personal info can be pretty high. It's best practice for the newly formed organisations, or small companies to outsource verification process to more established, specialised entities. |
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Any info about hashmania.net?
Go through the checklist in the first post and make your own assessment. I had a quick look, free hashpower on sign-up + multi-tier affiliate programme raises a red flag. I would steer clear. |
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