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4381  Economy / Gambling / Re: Cloudbet.com - 100 NEW GAMES! bitcoin sportsbook and live dealer casino on: April 04, 2014, 11:33:03 AM
Hi rohnearner and all,

We have closed this issue at our end. A withdrawal of 0.0307 BTC was made by a new IP address that first accessed our site using rohnearner's affiliate link. The user knew the correct password on first attempt.

Please send us an email if there is anything else we can help with.

Cheers,
Cloudbet

Looking at all this , i must say u guys doing great support. As PD is my favorite dice game , this is definitely my favorite sports book and live casino Smiley .

Cheers.
4382  Economy / Services / Re: [0.5 BTC Bounty!] Design PrimeDice's new signature advertising ad! on: April 04, 2014, 12:51:53 AM
Members:

The rest:

Sure i won't win , but just in case Cheesy
4383  Economy / Services / Re: [0.5 BTC Bounty!] Design PrimeDice's new signature advertising ad! on: April 04, 2014, 12:34:33 AM
This blue one is rly noticeable . Just not rly true, server seed, client seed , and secret determines how they fall Cheesy heheheh.... I still did not make good one. Can u tell me where u testing when u make it? I can test it by posting replies here.
4384  Bitcoin / Bitcoin Discussion / Re: BITCOIN NEWS EVRYDAY! From multiple sources. on: April 03, 2014, 09:28:13 PM
Bulgarian Bitcoin Tax Guidance May Leave Money-Laundering Loophole
Pete Rizzo (@pete_rizzo_) | Published on April 3, 2014 at 19:21 BST | Crime, Europe, Regulation

Bulgaria’s National Revenue Agency (NRA), the government organisation in charge of administering state taxes and social security contributions in the eastern European nation, has issued new taxation guidelines for digital currency.

In a 2nd April post, the NRA indicated that income from the sale of digital currencies such as bitcoin will be treated as income from the sale of financial assets and taxed at a rate of 10%.

Effectively, earnings from bitcoin trades will be taxed on the same level as ordinary income and corporate income in Bulgaria.

Explained the NRA:

“Taxable income … is the sum of the gains realized during the year specified for each transaction, reduced by the amount of losses realized during the year designated for each specific transaction.”

This differs from guidance from the US Internal Revenue Service, which called for digital currency to be taxed as property, thereby allowing capital gains taxes to be imposed on each trade.

One source in Bulgaria suggested that the guidelines merely prevent its citizens from declaring bitcoin as non-taxable income, and that gains realized on purchases are not subject to taxation.

Timing and impact

The release comes in advance of the NRA’s 30th April 2013 tax deadline, and includes guidance on where bitcoin gains should be reported on tax forms.

Perhaps most notably, however, the announcement does not seem to have big-picture implications for how digital currencies will be classified or regulated. The NRA’s announcement compares bitcoin as a financial instrument, not a currency.

Further, Stamen Gorchev, founder of Bulgaria-based bitcoin informational website Hash.bg and member of the newly launched Bulgarian Bitcoin Association, stressed that the guidance amounted more to an ad-hoc announcement, and that the NRA has no legal authority to determine the status of bitcoin.

Bulgaria’s Financial Supervision Commission has reviewed the matter, but does not have the authority to determine the legal status of a currency in the country, according to Gorchev.

He indicated that the FSC sent a letter to the National Bank asking for regulation on the matter in August, 2013.

Money-laundering risk?

Gorchev indicated that the move was perhaps motivated by a desire on the part of the NRA to reduce the risk that citizens would use bitcoin to avoid tax payments, however, he suggests this intent may backfire.

He notes the NRA does not require taxpayers to submit documentation that proves income from bitcoin trading, and that this comment has been raised on social media outlets by the local community.

As a result, Gorchev explained, this could cause problems for the local government:

“It’s a very easy way for someone in Bulgaria who gets some dirty money just to sell some bitcoins, pay the back tax for it, and this way, it’s very easy to launder money.”

Income targeted

Gorchev indicated Bulgaria’s guidance differs from the recent IRS guidance in that it mostly covers those who earn income from trading digital currencies.

Explained Gorchev:

“If a miner sells bitcoins, he must pay tax on the sale price and he cannot subtract the cost of producing the bitcoins.”

Furthermore, Gorchev indicated that gains realized on bitcoin purchases aren’t taxable:

“If you buy one bitcoin at $500 and then later purchase goods for $600 with this bitcoin, you are not liable to pay taxes on the realized gain of $100.”

Regulation to follow?

A member of the European Union since 2007, the announcement is notable as it illustrates how different states are approaching taxation and regulation in lieu of formal guidelines from higher authorities.

For example, on 25th March, Denmark declared that it would not tax gains and losses from casual bitcoin trading, a different approach than that announced by Bulgaria yesterday.

The news notably follows calls from member state financial officials for the EU to take action on regulating bitcoin, and as more European countries – such as Greece and Lithuania – indicate that they are looking for the EU to take a leading position on the matter.

Still, Gorchev indicates that Bulgaria is likely to wait for such guidance from the EU as opposed to issuing its own regulation.
4385  Economy / Gambling / Re: Cloudbet.com - 100 NEW GAMES! bitcoin sportsbook and live dealer casino on: April 03, 2014, 09:10:40 PM
YES IT IS BIG DEAL !!! Coz when u send from other email they can't know THAT IS U , and that is ur account ! So send from email u used there and they will sort it out like they said they will . AND STOP CALLING IT SCAM BOOK COZ ITS NOT !!!
My ref deposited 4 btc bet , won 2.7 and cashed out. And now they decided to steal ur 0.1 btc. Yeah right.
4386  Economy / Gambling / Re: Cloudbet.com - 100 NEW GAMES! bitcoin sportsbook and live dealer casino on: April 03, 2014, 08:37:40 PM
Address   1DinTYywNAvXEDL2qErY3taFGPaNgApoio

This is the deposit addres that was at top of my account then it changed

Address   1DinTYywNAvXEDL2qErY3taFGPaNgApoio

Bettor1,

We have not received any email from you. Please PM us with your account email address and deposit wallet address. The wallet address you posted above is not associated with the account you sent us via PM.

I am trying to help you - if you cannot email or PM me with this information, I cannot help you.

Cheers,
Cloudbet

I emailed you 3 times???

I will message you on here...

If I put the money in my account why would the address change before it arrived its not making since..  Don't say it's not associated with that account... Becasue where the fuck else would I get that address from??

JEzzzz man !!! They just told u ADDRESS changes EVERY time u deposit !!! Mine changed also and i did get deposit every time. So ether u trying to scam them od there is some issue . EMAIL THEM FROM EMAIL U USED TO REGISTER FOR ACCOUNT ON CLOUTNET !!! So u they can know that is u !!! U given them email that is not used on that account.
4387  Bitcoin / Bitcoin Discussion / Re: BITCOIN NEWS EVRYDAY! From multiple sources. on: April 03, 2014, 05:06:12 PM
Chicago Sun-Times Becomes First Major US Newspaper to Accept Bitcoin
Pete Rizzo (@pete_rizzo_) | Published on April 3, 2014 at 17:26 BST | Coinbase, Companies, Lifestyle, News, Technology

Following its successful test with bitcoin micropayments provider BitWall back in February, the Chicago Sun-Times has announced that it has partnered with San Francisco-based bitcoin startup Coinbase to accept bitcoin payments.

That test saw the newspaper receive more than 700 bitcoin donations over a 24-hour trial period in support of the non-profit Taproot foundation, which offers pro-bono service work to organisations tackling social problems.

The announcement makes the Sun-Times the first US newspaper to accept bitcoin as a payment option, a move that editor in chief Jim Kirk indicated was in line with its digital-first promotional strategy.

Said Kirk:

“Our goal is to keep the Sun-Times current and evolving with changing technology. Accepting bitcoin payments is one of many ways we are working to stay digitally focused.”

The company indicated that it chose to partner with Coinbase as it would offer subscribers the quickest way to begin paying for content with bitcoin.

Chicago bitcoin preview

Sun-Times subscribers can now pay for subscriptions with bitcoin here.

BitWall test

The announcement that the Sun-Times would partner with Coinbase is particularly surprising given that the major newspaper had partnered for a test with BitWall earlier this year.

It is not yet clear how the Sun-Times partnership with Coinbase would affect the companies potentially moving forward with a micropayments partnership. Notably, the Sun-Times appears to only be accepting bitcoin subscription payments through Coinbase.

In contrast, the BitWall partnership tested payments on individual articles.

Bitcoin’s role in publishing

The Chicago Sun-Times is certainly not unique in accepting bitcoin, as many bitcoin blogs and news sites accept formal donations. Earlier this year, it was reported that Dutch newspaper NRC Handelsblad would also begin experimenting with bitcoin micropayments.

Further, if bitcoin is able to reach its goal of becoming a reliable micropayments service, content publishers will be among those that benefit the most, meaning the Sun-Times is likely to be far from the last major newspaper to implement bitcoin payments.

However, some developers have raised questions about bitcoin’s ability to handle such transactions.
4388  Economy / Gambling / Re: Cloudbet.com - 100 NEW GAMES! bitcoin sportsbook and live dealer casino on: April 03, 2014, 04:22:28 PM
I've bet at about 5 sportsbooks and never had a deposit not show??? This is fucking WEIRD... Now I'm out .1.

STAY AWAY PEOPLE

Did u even bother to contact support? My deposit address also changed but i never had problem with deposit.
4389  Economy / Gambling / Re: PrimeDice.com | 500M+ Bets | 300k+ BTC Wagered | Free BTC | 1% Edge | Instant on: April 03, 2014, 03:17:53 PM
Waiting for a withdraw. My deposit has 5 confirms but still didnt get my withdraw with won btc.

Just contact support@primedice.com They will sort it out if u waited more than 3h.

As I get it if the withdrawal already has confirmations, it is no longer PD's issue (read they have sent the money)...

No he said deposit have confirmations. Not withdrawal.
4390  Bitcoin / Bitcoin Discussion / Re: BITCOIN NEWS EVRYDAY! From multiple sources. on: April 03, 2014, 02:52:07 PM
London’s Iconic O2 Venue to Host Bitcoin Fight Night
Emily Spaven (@emilyspaven) | Published on April 3, 2014 at 13:53 BST | Events, News

A number of kickboxers will go head-to-head in London’s iconic O2 venue on Saturday (5th April), fighting for a prize of £5,000 in bitcoin.

Some 18 fighters from across Europe are taking part in the Bitcoin Fight Night, which is being held in the indigO2, within The O2 venue.

A rather familiar face will also be taking to the ring – broadcaster and bitcoin enthusiast Max Keiser. He’s competing in a celebrity bout against a professionally trained fighter who is a big supporter of Jamie Dimon, the chief executive of JP Morgan Chase.

Organiser Patrick Carroll explained:

“We originally came up with the idea of a Bitcoin Fight Night while attending a bitcoin meet up group run by CoinScrum in central London.”

He said over 700 tickets for the event have been sold so far, but he expects over 1,000 people to show up on the day.

“We are very much looking forward to seeing everyone this Saturday and expect it to be the biggest UK-based bitcoin gathering to date,” Carroll concluded.

indigo2

Free meetup

A free bitcoin meetup is taking place at the indigO2 before the fight night, featuring a panel debate titled ‘How Bitcoin Can Fight Back Against the Hackers’.

The panel discussing the issues faced by digital currency will be chaired by bitcoin fan and co-founder of feathercoin Chris Ellis and will comprise of:

Ben Dyson – bitcoin sceptic and founder of Positive Money

Greg Davies – head of behavioural finance at Barclays PLC

Gautam Dhillon – founder of the Treasury Outsourcing Company and former employee of Lloyds Bank & JP Morgan Chase

Michele Seven – freedom advocate

Kristov Atlas – philosopher, computer scientist researching bitcoin security and author of Anonymous Bitcoin.

Josh Walker ­­– bitcoin and maths enthusiast

The panel discussion will begin at around 15:00 (BST), with the fight night starting at 19:00 followed by a VIP after-party at 22:30.

Tickets are priced from £29.75 – £45.75, but those who attend the CoinScrum event are entitled to half-price tickets (£15) and entrance to the VIP party if they RSVP before the event.

Sponsorship

The event is being sponsored by Firestartr.co, which provides seed-stage capital and aids startups in their early stages.

Firestartr.co is increasing its activity in the digital currency space and recently led the Bitstamp audit, which required the creation of the largest single bitcoin wallet and transaction in history.

Cécile Baird, head of operations and portfolio at Firestartr.co, said: “In order for bitcoin to grow stronger, it’s weaknesses needs to be tackled. The CoinScrum panel event will confront the tough issues that need to be solved.”

“Thanks to the location and support we can reach out to a wider audience beyond the bitcoin community and include sports fans too,” she added.
4391  Bitcoin / Bitcoin Discussion / Re: BITCOIN NEWS EVRYDAY! From multiple sources. on: April 03, 2014, 02:51:35 PM
CrowdCurity ‘Capture the Coin’ Contest Rewards Bug Finders With Bitcoin
Daniel Cawrey (@danielcawrey) | Published on April 3, 2014 at 13:18 BST | Bitcoin protocol, Companies, Crime, News, Startups, Technology

Crowdsourced IT security startup CrowdCurity has created a new bug bounty programme with a unique twist.

Titled Capture the Coin, the programme is inspired by the well-known capture the flag game, and aims to reward security researchers for locating private bitcoin keys hidden within the front-end of web platforms.

CrowdCurity is testing the idea on its own website to start with, and is kicking it off as a competition with bitcoin for prizes.

Jacob Hanson, CEO of CrowdCurity, told CoinDesk:

“We find it an interesting approach to basically test the security of our own platform.”

How it works

For the contest, CrowdCurity created three paper wallets that store the bitcoin offline. Each is in different amounts, based on the perceived value of the possible security intrusion that the vulnerability represents.

The private keys to those wallets, however, are hidden within their website’s code awaiting discovery – for those with sufficient skills.

There are three different rewards: the 1.5 BTC Nakamoto Reward, the 1BTC Dorian Reward and the 0.5 BTC Scytale reward. furthermore, each has its own clues to aid the researchers, which are detailed on the company’s blog.

Each reward is for a very specific vulnerability, making this a rather different bug bounty programme than normal. For example, Google’s bug reward scheme has a chart it uses to calculate rewards.

CrowdCurity wants to experiment with a more competitive reward style with Capture the Coin.

Said Hansen:

“[With bitcoin] you can put a monetary value on vulnerabilities. Most companies give away prizes based on levels, but Capture the Coin offers better granularity and adjustments for rewards programs.”

Monetizing vulnerabilities

In the differing bitcoin amounts, CrowdCurity has set a specific a value for vulnerabilities of differing hardness levels. For example, the first place 1.5 BTC Nakamoto Reward should be one that’s a significantly tougher nut to crack, since only CrowdCurity should already know about it.

Hansen believes that creating a marketplace for vulnerabilities by using private keys for bitcoin wallets could change the way that security researchers compete in bug bounty programmes:

“We have different amounts in each of these different private keys. The different amounts correspond to the criticality of the bugs that the company actually sees in the system.”

And if someone finds the private key, possession of the wallet is instant. There’s no waiting for someone to decide on a reward like in regular bug bounty schemes.

Security transparency

The block chain’s ability to publicly display all transactions means that, in theory, future security systems using Capture the Coin-style cryptocurrency rewards could offer more transparency.

Hansen says the block chain is, “an intrusion detection system where we can monitor bitcoin addresses and see if private keys are being used”.

Most intrusion detection systems in IT security are passive in nature – designed to wait for a certain threshold to be violated, and then a warning notification is issued.

With block chain-based transaction monitoring, a more reactive system might be possible to quickly mitigate an intrusion.

Explained Hansen:

“Being able to monitor movements on [a bitcoin] account is actually a very reactive system. You can build a certain chain of reactions once you see a certain movement take place [on the block chain].”

Never 100% secure

CrowdCurity’s main business strategy has been crowdsourcing IT security rewards to get results, instead of paying expensive consultants for time, which it views as a disruptive industry approach.

The latter is a model that the company says many bitcoin companies are using, which make up around a half of CrowdCurity’s current customer base.

No business is ever completely protected against security threats, and because thefts and security breaches are on the rise, innovative methods to help thwart intruders are necessary.

53% of mid-size and larger businesses spent more on security in 2013. Source: TechTarget
53% of mid-size and larger businesses spent more on security in 2013. Source: TechTarget
Capture the Coin is CrowdCurity’s test to see how bitcoin can help harden front-end web security as part of its business.

“Hopefully in the future we will be able to provide this as a service to customers,” said Hansen.

Cryptocurrency-based security

Using cryptocurrency to incentivize and make security issues more transparent seems like a logical extension of CrowdCurity’s crowdsourcing business model.

Private keys for bitcoin wallets embedded in websites could end up being used as ‘honey pots’ – an IT security tactic designed to entice possible thieves in order to track down them and catch them in the act.

And the tracking method for this honey pot could use the power of the block chain’s ledger, something that has not been possible before.

Said Hansen:

“Now we have programmable money. And you can do this kind of stuff in security that could not be done earlier.”

“You can’t do this with PayPal. You can’t do this with regular money. It’s very, very interesting,” he added.
4392  Bitcoin / Bitcoin Discussion / Re: BITCOIN NEWS EVRYDAY! From multiple sources. on: April 03, 2014, 02:50:59 PM
San Jose Earthquakes Soccer Team Embraces Bitcoin
Nermin Hajdarbegovic | Published on April 3, 2014 at 11:27 BST | BitPay, Companies, Lifestyle, Merchants

In a ground-breaking move, Californian soccer team, the San Jose Earthquakes, will start accepting bitcoin payments in the upcoming US season.

The Earthquakes’ president Dave Kaval told SiliconANGLE that fans will be able to use bitcoin to pay for items from the team’s merchandise store and to buy tickets. However, hotdogs and popcorn don’t appear to be on the list just yet.

Winning titles

The ‘Quakes’ are a major soccer team, having already won two Major League Soccer Cup titles back in 2001 and 2003. However, they aren’t the first major US sports team to accept bitcoin. The NBA took that honour in January, when the Sacramento Kings became the first major sports team in the US to accept bitcoin.

“In May, we are actually taking bitcoin in our stadium for merchandise, hopefully for concessions as well, but definitely for merchandise,” Kaval told SiliconANGLE.

Kaval pointed out that the ultimate goal is to produce a seamless commerce experience using mobile platforms. Concessions will be a bit trickier, as mobile POS systems will be necessary, but sooner or later Quakes fans could be smearing mustard from their bitcoin hotdog on their bitcoin season ticket.

Teething problems

San Jose Earthquakes

The team was apparently forced to push back bitcoin adoption after it ran into problems with two payment processors that went out of business. The Quakes then tapped BitPay.

Kaval said his team did a bit of research and decided to use BitPay due to its professionalism and robust payment solutions.

Interestingly, the Earthquakes are planning to move to a new stadium next year, which seems to have been a factor in the team’s decision to try out bitcoin payments. The team hope to employ a number of new technologies in the new facility.

And, of course, technology sells: it’s good for your image, it garners great publicity and the kids love it. The Quakes were quick to recognise this, along with the Sacramento Kings.
4393  Bitcoin / Bitcoin Discussion / Re: BITCOIN NEWS EVRYDAY! From multiple sources. on: April 03, 2014, 02:50:17 PM
South Korean Bitcoin Startup Coinplug Secures Further $400,000 Investment
Jon Southurst (@southtopia) | Published on April 3, 2014 at 10:11 BST | Bitcoin ATM, Companies, Investors, Merchants, News, Technology

South Korean bitcoin services startup Coinplug announced this week that it has secured another $400,000 in funding from venture capital firm DFJ (Draper Fisher Jurvetson) Partners’ Tim Draper and his affiliates.

Chol Hwan Kim from Key Initiatives Technical Entrepreneur also participated in the investment.

This funding is in addition to the $400,000 Coinplug has already received from Silicon Valley investor SilverBlue in November last year.

Bitcoin ATM, Gangnam style

As well as its bitcoin exchange, Coinplug also develops wallet and merchant payment software. Last month it even launched its own two-way bitcoin ATM in Gangnam, Seoul, in partnership with the largest ATM hardware manufacturer outside the US, Nautilus Hyosung.

Coinplug’s Richard Yun said the company would use the money to hire more engineers to expedite development of its bitcoin payment solutions. The company is also planning to release English versions of its software around the end of April.

Yun added:

“Also, the ATM is doing good. Many people are happy to visit, purchase and sell bitcoin. Because of our bitcoin ATM, people changed their bitcoin point of view, they can convert [digital currency] to fiat money instantly.”

He promised that Coinplug would reveal more about how much revenue the ATM was generating at a later date, and was interested in selling the technology to buyers overseas.

People in Korea were generally becoming more aware of bitcoin and curious about using it, he said, but some had been put off by negative reports in the media about high profile bitcoin company failures like Mt. Gox. The overall mood towards bitcoin in the country “may be neutral”, he explained.

Aiming at gaming

As for Coinplug’s future directions, Yun said that Korea’s reputation as a mobile and online gaming haven represented a huge potential market for bitcoin.

The company is targeting this market, including massive multiplayer online role-playing games (MMORPGs) and K-Pop and K-Drama online payment solutions, as well as general social and e-commerce.

Furthermore, the company is developing a secure and user-friendly point of sale (POS) system for both commercial (integrated into the current system) and personal use, which would be aimed at customers both in Korea and overseas
4394  Bitcoin / Bitcoin Discussion / Re: BITCOIN NEWS EVRYDAY! From multiple sources. on: April 03, 2014, 02:49:50 PM
Swedish Exchange Safello Aims to be ‘CoinBase for Europe’
Jona Kallgren (@Jonakallgren) | Published on April 3, 2014 at 08:00 BST | Companies, Exchanges, News

Swedish bitcoin exchange Safello is making the push to establish itself as Europe’s leading bitcoin exchange with direct payments now available from 86 European banks in 11 countries.

Safello is using the instant SOFORT payment system, meaning there will be no need to wait for an international bank transfer to be cleared into the company’s accounts.

“The only way many people were able to buy bitcoin before was via an international bank transfer. But now they can simply do an immediate payment,” Ludvig Öberg, Vice President of Product Development told CoinDesk.

“As soon as we get your money, whether it is euro, Swedish krona or pounds, we send you bitcoin. If you send us bitcoin we will send you fiat straight away.”

Safello hopes that the speed and ease of a SOFORT payment will open up the market around Europe and introduce bitcoin trading to new customers.

Strong backing

The move comes only two months after the company secured $600,000 in investment – much of it from major bitcoin players such as the Erik Voorhees of Coinapult, serial bitcoin investor Roger Ver and Nicolas Cary from Blockchain.info.

With such backing, in both finance and in expertise,Safello can be forgiven for talking big. Said Öberg:

“We are aiming to be the Coinbase for Europe.”

The Safello website will be available in nine local languages and the company hopes to set up local representatives to deal with customer service around Europe in the future.

Meeting a need

According to Öberg there has been a clear gap in the market for a pan-European exchange for some time, and Safello intends to fill that gap as soon as possible.

“Currently there is no easy bitcoin reseller that is available for everyone. Rather there are a lot of local players but no one is making it easy to buy and sell local for the whole of Europe,” he said.

Safello map

The 11 countries which will be available for direct payment via the SOFORT direct payment system are: Belgium, Poland, Spain, Hungary, the Netherlands, Sweden, Italy, Switzerland, Germany, France and Austria.

Safello already supports the Dutch payment system iDEAL, as well as SEPA (Single Euro Payments Area) payments, and will continue to support international wire transfers.

Opportunity amid crisis

It might seem like a strange time to make a major bitcoin push, since the cryptocurrency has been battered in the eyes of the general public following the much-publicized Mt. Gox bankruptcy.

According to Öberg, however, the Mt. Gox collapse has opened up opportunities for new exchanges like Safello, which transfers the bitcoin to the customers’ wallets without holding any of the BTC themselves.

Safello team ATM
The bitcoin ATM bought to market by Safello.
Safello was founded in Stockholm in August 2013 and quickly grew to become Sweden’s leading bitcoin exchange.

In October 2013, it expanded to trade in the Netherlands, the home country of CEO Frank Schuil, and in December 2013 it made news as it unveiled Sweden’s first bitcoin ATM.

Swedish entrepreneurs are already behind such Internet success stories as Spotify, Skype and SoundCloud. It remains to be seen if Safello can join this club of Scandinavian trailblazers.

For Öberg the European launch is just the first step. He says he believes Safello is marching towards a “global introduction”.
4395  Economy / Gambling / Re: PrimeDice.com | 500M+ Bets | 300k+ BTC Wagered | Free BTC | 1% Edge | Instant on: April 03, 2014, 02:48:05 PM
Waiting for a withdraw. My deposit has 5 confirms but still didnt get my withdraw with won btc.

Just contact support@primedice.com They will sort it out if u waited more than 3h.
4396  Other / Archival / Re: Pictures of your mining rigs! on: April 03, 2014, 02:46:38 PM

10 gridseeds and 1 R9 290 Windforce running on the PC.
2 antminer S1s each with their own 500w PSU, just in case one dies I only lose 1 miner and not both.



Couldn't help but laugh at the smoke alarm Smiley  A good precaution but I just pictured that all going up in flames, haha.

Actually that is rly smart, did not see anybody done that . What a smart man Cheesy
4397  Bitcoin / Bitcoin Discussion / Re: BITCOIN NEWS EVRYDAY! From multiple sources. on: April 03, 2014, 02:43:28 PM
Libra Promises Bitcoin Tax Service to Ease Compliance With IRS Guidance
Danny Bradbury (@dannybradbury) | Published on April 3, 2014 at 07:47 BST | News, US & Canada

Remember when we wondered whether someone would develop a service to help you keep track of the capital gains on bitcoins? Well, now it turns out that someone has – or, at least, wants to. Libra is a new venture that claims it can help you to keep the IRS happy.

Launched by Jake Benson, a former SAP HCM Consultant for Cap Gemini specialising in US and Canadian payroll, the service wants to enable individuals, small businesses and large enterprises alike to comply with the new IRS regulations.

The IRS notice, announced March 25th, carries significant implications for people using bitcoin, even if they are regular users, rather than investors.

Under the guidance, people spending bitcoin are liable to declare capital gains on any increase in value on those coins. That means if you purchased one bitcoin in early October at $100 and spent it today at $440, then you’d be realising a capital gain of $340.

To add insult to injury, because you hadn’t held onto those bitcoins for more than a year and a day, that capital gains tax would be short term, making it equivalent to ordinary income tax. Investor holding onto their coins for longer than that period, however, will pay the long-term rate of 15%.

‘Critical issue’

Of course, people don’t always spend one whole bitcoin at a time. Instead, they’ll acquire and spend portions of a bitcoin over time. That means that technically, they have to keep track of lots of bitcoins that gained different amounts of value over different time periods.

Members of the bitcoin community are unhappy enough about the guidance to have filed a petition about the new guidance.

“Arguably, this is one of the most critical issues surrounding digital currencies,” Benson told CoinDesk. He added:

“When I noticed several months ago there was no comprehensive solution to address taxes, I knew it was an opportunity. Tax software might not be the sexiest business in the industry, but it is the most essential right now.”

Benson, who graduated from the University of Texas with a business degree in 2011, wants to cut through the whole tangled mess. Libra will start by obtaining transaction history for an individual, which he says can be done through automatic and manual means.

Simple solution

Then, the service will calculate the cost basis on a per-transaction level, before distinguishing between transactions subject to short-term or long-term capital gains.

Benson explained:

“Then, we output the calculated totals, and direct the user to which box to fill in on which tax form – we may even provide automatic form output for ultimate convenience.”

He is hoping to do the whole thing in a minimum of four to five clicks for tax novices, and longer term, wants to integrate with other tax software, including the big consumer titles, but also enterprise ERP systems.

The service will be able to handle book keeping retrospectively, so that people can refile for previous tax years if their bitcoin transactions extend back that far.

Extension ‘advisable’

The problem for bitcoin users today is that the tax filing deadline for the IRS is next Tuesday, and LibreTax won’t be launching its service until the third quarter.

Theoretically, this means that bitcoin users would have to do a lot of their paperwork themselves in the next few days, if they wanted to stay within the law by following the tax guidance. But Benson has an alternative, he said:

“Libra for individuals will be ready in the September timeframe. That will be right in time for the extended tax deadline, so we advise everyone to file for an extension this year.”

Future plans

In the meantime, Benson will be working with an initial round of seed capital from CrossCoin Ventures; his being the first company to be accepted by the Ripple Labs-funded accelerator program.

In time, he expects Libra to become a broader tax reporting tool, as many different stores of value from fiat through to cryptocurrencies become digitized.

Explained Benson:

“Imagine being able to automatically populate your income, itemized deductions, business expenses, etc, straight from the ledger – no matter what kind of currency was used! I see a tremendous amount of potential here.”

The service is purely for tax purposes and doesn’t include its own wallet yet, Benson concluded – although it would be a logical next step, he added.
4398  Economy / Services / Re: [0.5 BTC Bounty!] Design PrimeDice's new signature advertising ad! on: April 03, 2014, 02:33:57 PM
Damn i made rly nice PD logo character but its only local, can't figure it out how to put it here to show like this
♔ , i made it exactly same as pd3 logo .

put it into Unicode. GL having browsers integrate it.  Grin

Yeah its unicode but i need to make google to integrate it into chrome  Cheesy
4399  Economy / Services / Re: [0.5 BTC Bounty!] Design PrimeDice's new signature advertising ad! on: April 03, 2014, 02:25:48 PM
Damn i made rly nice PD logo character but its only local, can't figure it out how to put it here to show like this
♔ , i made it exactly same as pd3 logo .
4400  Economy / Services / Re: [0.5 BTC Bounty!] Design PrimeDice's new signature advertising ad! on: April 03, 2014, 01:26:08 PM
So far this is the best !
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