Solo mining for a usa miner due to new tax laws makes sense.  I have 2th.  I am mining with btcguild..


  I move the btc at the .1 mark or about 1 time a day.  my 2014 tax return will need to show every 0.10 btc  entry made with the usd  value at the time.

So that would be 365 entries if I keep my pace up.  I can do this. I have accounting training and tax experience .
 
 Plus 2th is too much to lose if it never hits a block at solo mining.


But if you have 1 ant s-1 have zip skill  for preparing a tax return.


 here is the breakdown  .5 to buy one = 220 usd.   power on under clock and undervolt 140gh at 200 watts = 5 k-watt a day or .50 to 1.00 usd a day.



so 220 + 365 = 585 the first year.  that is at 20 cents a k watt. 

  second year is 365.  that is at 20 cents a k watt.

no tax reporting unless you hit a block.  a 25 coin block is  about 11000 usd today.  the downside is at the diff of 8 today  it is 2800 to 1 to hit a block in 1 day.

To the op.  A lot about mining depends on the country you live in…  Mining in the USD vs buying and hold Crypto  coins has very different tax rules.

Under todays IRS guidelines buying 100 usd of any crypto coin is like buying a share of stock.  No issues on tax until you sell or trade it.

Mining a coin or any part of a coin creates possible tax issue to exact moment you earn it.

  If you are not in the USA  forget any advice above.

I have an accounting background , I have a degree in accounting.  I worked for the IRS for a bit. I have prepared tax returns.

 So  if you are usa based you need to consider tax rules just a bit more then some other countries.

For instance a year  ago  before the tax rulings of this year I would have told a guy with 2gh don't mine solo you may never earn anything at all.

Now if you have 1 usb stick  to mine with mining solo with it placing it on a network that the 2 watts it uses does not matter you have a life long lottery ticket . 

Here is a breakdown.  an antminer u-2 costs about 20 usd on ebay.


https://bitcointalk.org/index.php?topic=508876.0  it costs about .032  btc here that is about 15 usd.


just mine with it solo mining.  if you ever hit a block   the day you hit the block lets say a 25 coin block  at 440 usd a coin = 11000 usd

you simply pay tax on the 11000 usd about 40 percent  at the worst maybe 20 percent at the best.

  same if you buy a gridseed and mine ltc solo.



If you want to pool mine   the tax return is more difficult as each payout needs to be tracked and added up for taxes.

Since you have 1 stick  you should mine solo  you would never need  to deal with it on your taxes unless you won a block.

I run most at 393.  I wanted to get 20 or 30 more values to test.. 

I am curious about  various freq and the hex  .   an easy pop in a number  chart up and down the freq would help to test as many as poosible.

I got an email from gawminers about 4 new pieces of gear.


preorder order starts on sat the 3rd


doe anyone know what they are?

my k -a-watt meter was running 1.5 s-1's on an evga  it read 589  adding the full one clocked at 387 freq jumped power to 977   so this is pulling 388 watts at freq  if I get 201gh and 388 watts steady this setting is better then the 393 setting most of us use for s-1's

This is what I want the thread to fill in as many numbers as possible.  I found when I used to mine btc with gpus small shifts in settings could make  big watt gains.

It could be that 387 is better then 393 for most of our miners. at least most s-1's

and 387 looks like a good choice for an s-1

I will slap a k-watt meter on it later

 thank you for the input  I set a new ant miner s-1 to it  here is a screen shot.  so another one that will work .  to all I will do more updates soon and thanks for info

Also they were kind enough to pm me the info.

Becomes frustrating this also happened with ice fury usb sticks. they were crushed by ant miners u1 and u2 sticks.

the ice fury is a better pice of gear but cost too much.

I am sure the coin terra   1.6th is better gear then the dragon 1th I have hosted in china but the china price along with paypal protection and no payments to paypal until June 10th with 0 interest was much better for me.

As an old-timer at mining. (2 years and 1 month)   

With a really good credit rating combined with the IRS ruling on 600 + usd bit coin payments, paying in btc for big deals does not work for me.

I report everything since I make some money.  The send 2 ,3 ,4 k in btc to an address does not work anymore.

As hard as this is on me it must be killing builders of the gear.

 I found it on the website If I buy today it may take 2 days to ship.  i.e. Monday. ground shipping means I get it next fri the 9th

I did a lot of math and I just can't get it to make money sense to buy it.

Compared to the hosting 1th deal I did in china 12 days ago when diff was 6.9mill

Now here is my problem with a purchase from your company.  It is more then 600 usd and you want bitcoin.  This means more IRS reporting for me if I use bitcoins.

I do not have a bank that does bank transfers.   So  I have to open a bank account to pay you.

  Mean while I can buy 1th from a seller in china for 2700  use paypal have 60 days of seller protection.  Have him host it at a decent fee.  So lets see


2700 is 1th   and I am protected for 60 days.


or 3950 is 1.6 th and no protection.  this is a ground shipping price which means 4 days maybe 5 days of lost hash.  or pay 260 more and 1 day of lost hash.

If I get a dud I am as good as dead.

So basically I have to take on huge risk to buy from you with almost no extra gain.

Oh I left one thing out buying from china with paypal and timing the due dates can mean I do not have to pay a dime for as much as 50 days.

This is not a trolling thread this is basically a request for paypal to be a form of payment.

I can no longer use btc for purchases over 600usd without a lot of extra paperwork .

Frankly I can't get this to make dollar sense to buy if from you.

So I can buy the 1.6th machine and have it shipped out on what day.  I am in Howell NJ.

Best Regards Phil

now that I know what the issue is you want delta 38mm fans like these


http://www.amazon.com/Delta-Electronics-FFB1212EHE-120x120x38mm-connector/dp/B002UO0WEI/ref=sr_1_4?ie=UTF8&qid=1399043678&sr=8-4&keywords=delta+38mm+fan

or these

http://www.amazon.com/Delta-Electronics-AFB1212GHE-CF00-120x120x-connector/dp/B004X2M2GG/ref=sr_1_1?ie=UTF8&qid=1399043678&sr=8-1&keywords=delta+38mm+fan


crazy fucking loud fans.  and you want them as they move more air then any fan there is.

but I asked for quiet fans    yep   and here is a very powerful fan controller

it will run the fans from 6 to 13 volts

http://www.ebay.com/itm/191147246376?ssPageName=STRK:MEWNX:IT&_trksid=p3984.m1439.l2649

I have it and I have these delta fans


http://www.ebay.com/itm/151276722479?ssPageName=

I can make my fans any speed I want.

here is a new deal an 8 port switch from Dlink you can run 7 ant miner s-1s on it.

http://www.newegg.com/Product/Product.aspx?Item=N82E16833127508&nm_mc=EMC-IGNEFL050214&cm_mmc=EMC-IGNEFL050214-_-EMC-050214-Index-_-Switches-_-33127508-L015B


it is 36.99  but here is a code for you it should drop to 19.99 with the code

EMCPEPH69     IS THE CODE ..

 THIS deal lasts until MAY 4th  

may the fourth be with you !

merged:

this runs 3 s-1s it pulls 1215 -1225 watts


http://www.amazon.com/EVGA-SuperNOVA-1300G2-ATX12V-120-G2-1300-XR/dp/B00COIZTZM/ref=sr_1_1?ie=UTF8&qid=1399030167&sr=8-1&keywords=evga+1300


overclocked to freq 393

 pulls 1215 watts at the k-a-watt plug but make sure you have nothing else on that power circuit if it is a 15 amp circuit 1225 watts is enough

it was in my hot deals thread  for 194 and 10% in bonus points to be spent at a later date

https://bitcointalk.org/index.php?topic=591721.msg6491363#msg6491363

okay   My first assumption is  you only want to run this for scrypt and will use software that only allows for scrypt.  

This is very important to understand.  If you only run them as scrypt miners.  they do not use a lot of power.


  I will post links for you.


this is a very heavy duty set of wires it runs 6 miners

 http://www.gawminers.com/6-pin-pcie-to-3-x-2-1mm-barrel-tip-power-cable/


if you add this to it.

http://www.amazon.com/gp/product/B0050H9A18/ref=oh_details_o02_s00_i01?ie=UTF8&psc=1


 a five chip round unit in scrypt is under 10 watts.  so a pci-e wire can do 6 units easy.

 I use this psu

http://www.amazon.com/Antec-EA-650-Platinum-Power-Supply/dp/B0064LWI40/ref=sr_1_1?s=electronics&ie=UTF8&qid=1399002126&sr=1-1&keywords=antec+earthwatts+platinum

http://www.newegg.com/Product/Product.aspx?Item=N82E16817371056


I run my pc and 30 five chip units total power is 292 watts.

Here is my ebay listing I am selling 1 gridseed.   but the photos are messy.

 I designed the stand wrong and have been too busy to rebuild it.


http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=151291511251&ssPageName=STRK:MESE:IT


all power supplies other then a platinum psu are not smart for a 30 piece setup.

 My setup does 292-297 watts including the pc.  If I used bricks or a psu like your link I use 350-375 watts.

well which miner?    s-1's    or other types of miners.

If you want to make s-1's quieter it can be done a few ways.   

okay what are your power supplies?  how do you cool the gear off.


 frankly 10 more s-1's may work for you along with a 16 port gigabyte switch.


if you look at my hotdeals thread there is a good deal on a psu at a usa vendor.

 it runs 3 s-1s


https://bitcointalk.org/index.php?topic=591721.msg6501371#msg6501371


http://www.rakuten.com/pr/product.aspx?sku=249973555  195  and get 1950 points 10% for later use.


and a good switch

http://www.rakuten.com/prod/tp-link-tl-sg1016-10-100-1000mbps-16-port-gigabit-19-inch/213928097.html?listingId=135627903

s-1s are .55btc from bitmaintech and people are giving the coupons away or selling them at good prices.


https://bitcointalk.org/index.php?topic=417159.msg6501628#msg6501628

yeah  I would buy one right now but I just don't trust many people with 1500 usd in the world of btc.

Tired of waiting on goods hoping  the seller is honest.

I just got a 500+ usd refund from BFL  took 13 months.  I can't deal with that happening anymore.

Looks like a nice piece of gear at a good price as I have sooooo many spare psu's It would not cost much to setup.

Well not chess and I like chess.

  I agree  about guns as  Annie Oakley had quite the rep back in my great grand dads day.  


http://en.wikipedia.org/wiki/Annie_Oakley


I don't follow shooting  as a sport but it is one in my book.


Car racing  I think a few women have won.

Oh Julie Krone could ride thoroughbred race horses with amazing skill.  She had a really bad spill almost died and was not as fearless, but for quite a while she was really good.

http://en.wikipedia.org/wiki/Julie_Krone

have you ever read these two threads:


https://bitcointalk.org/index.php?topic=335145.0

https://bitcointalk.org/index.php?topic=468027.0

The round 17 group buy will be first to get the gear.  If they ever get it.  I have 5 shares left of 12. My guess is if round 17 does happen and gets hash you will get some hashpower.

My next guess is if you get the hash power by June 1st btc has to go up to 700usd for you to make a cash profit.

I wish you and myself some luck.