Well, I dumped a mess of LTC at the BTC low and the LTC low....(my skills at when to sell are impressive (not))

so did that fix it yet?  We should be in full rebound mode...what usually happens when I sell some crypto...

I mean I retired on Monday..I figure that shift in the Universe of Karma ..jinx'd the works..thus I caused the tanking of all crypto.....thus trying to fix this

sorry about all this...I'm bad (caused the crash...karma sucks)

I'm making no where near that with 2 d3's so not sure where you are coming from ...esp after the latest dump of crypto

I have ROI'd on all my x11 machines (300mh baikal cube from may/june) but the D3's have little to do with it

in our defense ...bitmain DID NOT go completely evil until AFTER July when I ordered my obelisk units....

in 20/20 hindsight since then ...holding equip and mining with it ..claiming firmware problems on price pump and to stop seg witness (bitmain) (by the by

my units after 6 weeks of holding them show jan 2017 firmware, I looked)

the Bitmain D3 fiasco etc

yeah, you are correct


but a lot of us bought these units before the whole bitmain escapades above and BCH etc and asic boost even happened

but you have a point...it just does not apply to me...on when I jumped and got these..I NEEDED the tax write off because was making

so much $$ from the previous NON-evil bitmain machines....I took a chance

sh*t happens it did not work...but again I'm only out 25% hit....over other taxes and or equip deductions

so anyway, 1st batch folk....we never had a clue that this was gonna play out in this manner...kinda sucks really, I liked bitmain beginning of the year....

again my post above (my thoughts who the frack knows!)

but anyway, ONLY the first 2 batches will be profitable....usually bitmain tosses batches out between 2,500 and 5,000

so you MIGHT ROI on the first couple batches..but again w/o sia-tech asic network to eat up all this siacoin for their legit

storage use.....I see siacoin going no place in price

maybe, another blake2b coin(s) will come around and save us...I doubt this

and again...from what I've been told..it is easy to make a decred miner ...so when these blake2b bitmain miners fade that will be the next

shoe to drop

with a 7 month lead time over Sia-Tech units.....I wonder if we will even SEE a unit...or maybe Sia-Tech just declares bankruptcy and walks

or goes POS coin route or something with another coin they make....unclear on how they will navigate this ....with the amount of coin

that will be in existence and NO ONE by July (even bitmain) feeling it is worth the loss of electric to keep their ASIC network up or launched

be interesting to see how Sia-Tech folk address this whole  Bitmain cluster

anyway, I'm out 3k and change in real $$$ vs paying tax man (see the previous post) I feel sorry for folk that ONLY have the 25% equip deduction in equip

in USA to fall back on...and are going to eat a 75% loss...w/o the equip depreciation credit....it is a 100% loss for some folk....

but again expect bitmain to release a decred miner as the next step

Yep.....we are hosed.....

Bitmain will kick them out like toasters...and in that the inflation rate of coin added to the world according to the Sia-Tech folk on launch that was gonna be,

with their units, an additional 25% more coins in existence per month.....and that was month to month I think for a bit

thus, without the storage plan that Sia-Tech has planned and the ASIC network to use or slurp up these coins...with the anon storage plan etc

Bitmain will do the same as it did with the x11 and Dash D3 miner...flood the world with them..too many coin...difficulty to the moon....doorstops

so by the time Sia-Tech folk HAVE a network up...it is unclear to me IF it would make any sense for anyone to even pay for electric to RUN the network

with so many coins about..they could just skip the whole network idea and just us the coin in existance...no ASIC network needed or such a network

would be no profit vs electric (note on above ..i likely don't know what I'm talking about..but looks like this to me at this point in time and bitmain involved)

i probably don't know what I'm talking about above on such, again, but I sense this is gonna also put a big crimp in the Sia-Tech network plans...do they

launch such early, because bitmain miners exist, or do they not and watch bitmain drive difficulty up and slam us around in another manner/unknown

but I do know that unless you get a 1st or 2nd batch bitmain miner A3 blake2b....you likely with the bitmain miners will NOT make any cash...if they shoot them

out in 5,000 unit batches as they have done with all other product.....and you are in the 4th or 5th batch (usually they start out with this weekly and sell out

at least the first couple 2-3 weeks) you are just as hosed as us Sia-tech miner purchasers

yep, 5 obelisk units...NOT my wisest move

oh well, needed the equip deduction anyway, so it was a 25% risk above paying the IRS and the state a total of my 50% tax rate...so that was applied to these units

and 25% equip deduction compressed from 5 years to 1 applied to taxes I know I will pay this year....so that saved another 25%...thus my total risk was 25% with above

so ...for my 5 units at $12,670.00 including shipping...my total loss vs paying IRS and State Taxes will be $3,167.50, again if they arrive as likely doorstops

thus if you are NOT trading IRS due and above tricks for equipment ...your total risk was 75% vs 25% equip deduction...so DON'T BE ME... I had an angle

lame angle in hindsight, but still an angle

Although?


there MAY be some hope...perhaps some new blake2b coins...but the odds are long.....

Bitmain will pump these out way past the point they can ROI..again if like the Bitmain D3 x11 miner.....those D3 folk will be lucky (especially now with price dump) to get

25% back towards ROI

by the way....any other protocol besides sha-256/scrypt-pow/x11/blake2b I should be aware of that Bitmain will make a miner for in say 3-6 months so I can ponder such?

Be nice to get a heads up...

you got to admire...bitmain's evil genius on mining and pumping bitcoin cash from inception....they got the whole evil empire thing down pat! Not to mention with BCH

they are still getting 15% to 20% more out of their miners with ASIC boost (why they hate seg witness that hardware trick don't work) ah.....evil..must be nice

to have no moral qualms and just sail thru life....going the full evil route.....refreshing probably....no entanglements/morals/etc....hmmmmm.....

on a positive note, I do have at least 5 doors that can use doorstops come July 2018 for air flow to my house (could have been worse almost got more...shudder)

so that will be a nice 'ego check' on doing something dumb like this in the future.....if I have to look at a bunch of unboxed obelisk units as doorstops all summer (yech!)

live and learn

bitmain: we do evil well (tm bitmain) bitmain: evil pays, don't ya know, don't believe the hype otherwise (tm bitmain) Bitmain miners don't kill ROI, users buying kill ROI (tm bitmain)

anyway, obviously I'm clueless, backed the wrong horse....but my take on this all

brad

p.s expect an annoucement of a Bitmain decred miners as soon as they get to the point that these blake2b units they ship are doorstops...that was the other

shoe that will fall, I was trying to remember, in how the bitmain playbook works now.

FML

hmmmmm.....seems that the 5 obelisks I bought for July 2018 arrival at the same speed as the bitmain units and 150 bucks more per unit, was not my

wisest move huh?

Oh, well, been that kinda week

As to me getting any Bitmain units ..doubtful..... getting equip for crypto is not the best move in the world right now imho..... not with prices tanking

but 'supposedly' those getting these units 'should' do ok.....

one catch thou....the SiaCoin network is not UP yet....thus when it went up ..it was going to use these asic machines for their network of anon storage

at 1 buck to 10 buck amazon storage prices....the inflation on the coin was 25% more coin in existance added a month....IF they had such of an ASIC

network up in July and IF they had the coin used in the manner they state..they could eat this amount of coin and probably need more as tokens for

their asic network that they wanted for speed and security


without that network .this may just be another D3 miner....where bitmain puts out so many units it blows up to way too many coin and the price tanks

so if you are gonna do this ....I'd get a batch 1 or 2

from what I know above....looks like the same bait and switch ..buy me...that bitmain did with the x11 D3 miners

as to myself with 5 obelisks on order for july 2018 all hope is lost...so save yourselves and research above

but how I see it from my sinking ship on the sidelines

brad

was talking about sia miners..but happy to look at your baikal pictures of unicorns

this was not the case with BFL in 2015 I think it was..the corporation went bankrupt...the owners were protected..kept

all the BTC they mined with pre-order money for more than a year ( I say a year because no reinvest new product and

no shipping) and the max fine ONE of them got was 30k..... the rest of it went to the SEC to settle

they walked completely

nothing has changed in USA law to change this..they are protected by being a corporation and were NOT prosecuted with

BFL corp taking the fall


so hosed...

they were based out of Kansas I think

brad

and this is on the RUMOR of south korea still considering banning ALL crypto ..not just exchanges

and the RUMOR of China banning all use of ANY exchanges of any form in country or out of country

what will happen if either or both of those are said to be true is anyone's guess

its a FUD FEST

ah hell, I've not 'panic sold' anything in like 2.5 years....good to see I still can wimp out

Even if it is just 72 LTC

yeah... I did panic sell some 72 LTC for the tax man..in case...but other than that (should have sold last

month in case to usd at the same price more or less anyway) am holding

no fun though......watching my unicorn crypto gallop away (if at least in a temporary way)

well....tax man needs his pound of flesh..I always sell at the wrong time anyway...so what the heck

in HODL mode for stuff that does NOT invite pissing off the tax man, for last years massive gains

edit:

I retired yesterday...sorry about breaking crypto and all that....the crypto gods hate my lazy retired ass...

thus the crash....

oops...

now if I sell the LTC at the low...I can complete the week with being 100% rekt'd

yep...you got it.....

Well, when BFL in 2013 never shipped, I was able to write it off my taxes like equip (loss) with the CPA in 2013..when by dumb

luck a week before SEC closed them down in 2014 I think it was? , I got a refund and had to report that as income

so if all goes tulips.....well..thus the logic of the 1st 5 units as an IF btc tanks hedge this last summer

(not...I mean NOT my wisest move...the above last summer get 5 obelisks hedge)

I'm sorry the image above is incorrect...that is the image of my 2018 love life .....just a correction

but, but ..it keeps me soOOOOOOO happy!

(on the other hand I mine/and spend alt coins like a drunken sailor in a porn shop)

re-read above my reply is

Ack!

(what could go wrong..buying a unicorn herd that far in advance?)

the current china fud is besides getting rid of bitcoin miners in china (which hell, may cause crypto to go up, as

mining would be more decentralized)

they are saying now (for fud anyway) a ban on ALL folk in China using any crypto exchange IN or OUT of the country


hopefully, it is all FUD, but past FUD in this manner, in mass, usually takes a couple weeks to pass

but still, how I see this.....as a bad FUD combo (or hell coordinated?) thus the crypto dumps

to get out of newbie status you have to get 30 posts I think it is?

or the lag

also you can't post pics I think

and any msgs you pm have CAUTION THIS PERSON MAY BE A NEWBIE SCAM or some such

I got to be out of my frigging mind buying 5 1st batch obelisks and they now want me to get 5 1/2 off

obelisks and you say that they have 2nd gen obelisks for jan 2019

yeah, sh*t this could not end badly right...I mean actually considering ordering a 2nd batch of asic units

when the first batch won't arrive till July 2019

what could go wrong?

FML

yeah...I have enough other crypto I can make dumb bets....the way it works is for me NEVER touch the BTC

I live off scrypt-pow mining/paying the tax man eventually for such income tax/ and live off the alts I've made

by doubling down on equip (rather than pay the tax man anything) for the last 3 years

thus, the alts (including LTC) are play money...(which I likely always will sell at the wrong time)

the BTC is the backstop to the retirement I don't touch

and I have enough WITHOUT any crypto ..to live in my previous (now) lovely lifestyle of suburban trash

that I likely fhould just stay at anyway

but with the crypto backstop (btc) and the (alts) and the (mining) ...well ...working for my current suburban

trash lifestyle did not make a lot of sense if I could 'live the dream' and simply not work for the same somewhat

dubious lifestyle..especially not touching the BTC and trying not to dump all the alts

thus 500 LTC ...my bet....good bad or silly

anyway, you are probably correct.....on LTC...but 160 LTC is gonna go poof to pay taxman as to the other

500 LTC meh...not sure yet

Is gen-2 this 2nd batch that we have to buy by the end of this month ...Jan 31st 2018?

or

is it beyond that batch


and hell, remember sia folk said that the coupons were good for the NEXT batch...I wonder if that means

ONLY the next batch after 1st batch..the stuff that ends at the end of this month

was stalling looking at doing anything till the 25th or so

now alas have to actually THINK about stuff

damn it

hah...I'm just whining about selling 160 LTC to pay tax man.....was trying to get to 750 ltc to hoard

may have to settle for 500 ltc to hold....

the pound of fresh is going to the tax man ...i may as well enjoy a good 'panic sell' for old times sake

watching the btc hoard tank is not how I wanted to spend my 2nd day of retirement

serves me right ..smug bastard that I was

at least I could have retired last week and had a good solid week of 'gloating' alas, not to be

I broke crypto by retiring....now moving to my secondary skill, selling on the low the above LTC

hey its a skill