do you have ballpark figures in mind? it is usually helpful to list prices so to avoid all the "how much?" posts
Looking for approx $9500 or obo for the whole lot if possible.. so like 1k for each t2t and 500 per s9? kinda just made an average to get that number as a t2t is bout twice the hash of an s9 though I dont think S9's are worth much more than 300 or so - at least that is my opinion. 9500 is far too much money more like 7500 is reasonable. |
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are you on factory setting for the 2360/28.12
pretty typical for inno off 5-10% on power and off 5-10% on hash
you should try
balanced
Balanced+
Balanced++
Every inno I have owned has been off 5-10% on power and 5-10% on hash
they all like balanced better then factory unless room is stupid cold
they all run the fans too fast.
I am waiting on that 50t to ship so far it is two days late.
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yeah I hope for next week. by then my my 2 s9's are close to shipping and I can add 70-80th to the setup.
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In about 24 hours my innosilicon t3 t50 will officially be shipping late.
I could cancel this and leave minefarmbuy hanging as I did a paypal order with my philipma1957 account. I like minefarmbuy so I will wait a bit before I cancel order.
I have a good relation ship with minefarmbuy and would like to keep it that way.
this is my alt account.
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Litecoin is the most over valued shitcoin imho.
So true, does nothing and yet is greatly overvalued. Before eth, ltc scammers loved saying ltc was better than btc because it has faster transaction block than btc, aftwer many coins faster than it were released, scammers have nothing else to say about it hehe, it indeed has become another shitcoin. this is why I disagree with you. It has a lot of gear mining it so it is secure. As any coin other then btc. or possibly eth. many gpu coin other then eth can be 51% attacked if eth miners switch from eth and go against it. nicehash 51% attack via rentals were done more then once. ltc is using the most asic gear to mine it so a 51% attack is difficult to do. this does give ltc some value. |
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Yeah but selling gear for prices too high for 4 cent power to profit is not the way to go.
Trump tax = death for a usa miner
but even if you are in china the prices are very high. an in hand m20s 68t is more then 3000 in china.
at 9700 a coin the m20s makes 16 a day power at 4 cents is 3.20 so 12.80 profit
means 3000/12.80 = 235 days 12345Rose#
and a simple price drop puts you dead.
So the argument is pricing is now geared ar 2-4 cent with most all risk on the miner not the seller.. What big miner buys in..
We know I got a m20s at 2050 which means the builder turned profit at that price.
I see no price under 3400 for the same gear that is all profit for the builder. Risk has been shifted to the miner. Even a 4 cent guy in china has risk buying at 3400 or even 3000.
does not look good.
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Bitmain had hashnest. now bitmain has bitdeer.
My guess is bitmain is the master set bitdeer is a subset and mayb hash nest is also a subset.
Bitmain has made good money with both companies. They certainly could be feeding the hashrate at bitdeer.
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Look lets pretend that multiple agencies from multiple governments did it. As they thought it would be a way to trace criminal movement of wealth via blockchain transactions. We have had enough value move around the world for governments to start moving against criminal activity on blockchains. Now if you bother to check the listed addresses 'discovered" by one government and listed to have been tainted it is a really short list 11 or 12 addresses with well under 10,000 coins that passed through them. It seems to me if this list had 100000 addresses that had a few million coins in them it would have all been a multi governmental plot. But the list is really short. Kind of makes it look like it was not made to capture drug dealer/terrorist/etc money and wealth does this seem to be a problem to anyone but me? https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20190821.aspxquote from above: "The following individuals have been added to OFAC's SDN List: YAN, Xiaobing (Chinese Traditional: 顏曉兵; Chinese Simplified: 颜晓兵) (a.k.a. "YAN, Steven"; a.k.a. "ZHOU, William"), Wuhan, Hubei, China (Chinese Simplified: 武汉市, 湖北省, China; Chinese Traditional: 武漢市, 湖北省, China); DOB 25 Mar 1977; POB Wuhan City, Hubei, China; citizen China; Gender Male; Digital Currency Address - XBT 12QtD5BFwRsdNsAZY76UVE1xyCGNTojH9h; alt. Digital Currency Address - XBT 1Kuf2Rd8mDyAViwBozGTNYnvWL8uYFrkVo; alt. Digital Currency Address - XBT 13f59kUM5FU8MfTG7DCEugYarDhSD7XCoC; alt. Digital Currency Address - XBT 1P3ZfGFLezzYGg9k5SVzQmnjyh7nrUmF2y; alt. Digital Currency Address - XBT 1EpMiZkQVekM5ij12nMiEwttFPcDK9XhX6; alt. Digital Currency Address - XBT 1JREJdZupiFhE7ZzQPtASuMCvvpXC7wRsC; Chinese Commercial Code 7346 2556 0365; Citizen's Card Number 421002197703250019 (China) (individual) [SDNTK]. ZHENG, Fujing (Chinese Simplified: 郑福景; Chinese Traditional: 鄭福景) (a.k.a. "DENG, Gao"; a.k.a. "JIN, Gordon"; a.k.a. "ZHENG, Gordon"); DOB 11 Jun 1983; POB China; nationality China; citizen China; Email Address goldenchemical@live.com; alt. Email Address gordonzheng@qinvictory.com; alt. Email Address magicchemical@hotmail.com; alt. Email Address sales@globalrc.net; alt. Email Address 3507656950@qq.com; alt. Email Address zhengfujing@live.cn; Gender Male; Digital Currency Address - XBT 17ezuJoT3XBbdcwFZbkTnrXbup11F4uhiy; alt. Digital Currency Address - XBT 1DH2xDH7TngrDU6LXciprKCBKNcPA1xX8A; Passport G31920875 (China) issued 24 Oct 2008 expires 23 Oct 2018; Identification Number 310107198306111336 (China); Chinese Commercial Code 6774 4395 2529 (individual) [SDNTK]. ZHENG, Guanghua (Chinese Traditional: 鄭广華; Chinese Simplified: 郑广华); DOB 04 Nov 1955; POB Shanghai, China; nationality China; citizen China; Email Address zhenguanghua1955@outlook.com; alt. Email Address zhenguanghua1955@gmail.com; Gender Male; Digital Currency Address - XBT 33Kja69SQVc8kozpoP7Qw6HFtGxHkiWzTz; alt. Digital Currency Address - XBT 3MkUNScqf21EcfWq6T4x2MFgBeSTqhB5t6; alt. Digital Currency Address - XBT 18uKfaUjgG52rVeXEi3wxnveww7zZuECtE; Digital Currency Address - LTC LaizKtS5DUhPuP1nTQcc83MS7HwK6vk85z; Passport E51809923 (China) issued 25 May 2015 expires 24 May 2025; Identification Number 310108195511041616 (China); Chinese Commercial Code 6774 1639 5478 (individual) [SDNTK]. The following entities have been added to OFAC's SDN List: QINSHENG PHARMACEUTICAL TECHNOLOGY CO., LTD. (a.k.a. SHANGHAI QINSHENG PHARMACEUTICAL SCIENCE & TECHNOLOGY CO., LTD.; a.k.a. SHANGHAI QINSHENG PHARMACEUTICAL SCIENCE AND TECHNOLOGY CO., LTD.; a.k.a. SHANGHAI QINSHENG PHARMACEUTICAL TECHNOLOGY CO., LTD.), Room 614, Floor 3, No. 1, Alley 468, New Siping Highway, Shanghai 201413, China; Room 614, Floor 3, Block 1, Lane 468, Xinsiping Highway, Fengxian District, Shanghai, China; Website www.qinvictory.com [SDNTK]. ZHENG DRUG TRAFFICKING ORGANIZATION, Shanghai, China; Website www.globalrc.net; alt. Website www.goldenrc.com; alt. Website www.toplabrc.com; Email Address MagicChemical@hotmail.com; alt. Email Address goldenchemical@live.com; alt. Email Address 3507656950@qq.com; alt. Email Address sales@globalrc.net [SDNTK]. Bookmark and Share Last Updated: 8/21/2019 10:18 AM" |
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Still pretty high but we have access to 40 units of M20S for September $3795.
does this include all import taxes? |
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Of course I respect bitcoin a lot more than litecoin, but it s shady as well.
Any sane person thinks like that. Only trolls, scammers, chupacabras will say they prefer litecoin. I mine 910th btc and 11gh ltc. about 80kwatts on btc about 20kwatts on ltc. I will continue to do it simply because all that gear is paid off. |
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does this seem to be a problem to anyone but me? https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20190821.aspxquote from above: "The following individuals have been added to OFAC's SDN List: YAN, Xiaobing (Chinese Traditional: 顏曉兵; Chinese Simplified: 颜晓兵) (a.k.a. "YAN, Steven"; a.k.a. "ZHOU, William"), Wuhan, Hubei, China (Chinese Simplified: 武汉市, 湖北省, China; Chinese Traditional: 武漢市, 湖北省, China); DOB 25 Mar 1977; POB Wuhan City, Hubei, China; citizen China; Gender Male; Digital Currency Address - XBT 12QtD5BFwRsdNsAZY76UVE1xyCGNTojH9h; alt. Digital Currency Address - XBT 1Kuf2Rd8mDyAViwBozGTNYnvWL8uYFrkVo; alt. Digital Currency Address - XBT 13f59kUM5FU8MfTG7DCEugYarDhSD7XCoC; alt. Digital Currency Address - XBT 1P3ZfGFLezzYGg9k5SVzQmnjyh7nrUmF2y; alt. Digital Currency Address - XBT 1EpMiZkQVekM5ij12nMiEwttFPcDK9XhX6; alt. Digital Currency Address - XBT 1JREJdZupiFhE7ZzQPtASuMCvvpXC7wRsC; Chinese Commercial Code 7346 2556 0365; Citizen's Card Number 421002197703250019 (China) (individual) [SDNTK]. ZHENG, Fujing (Chinese Simplified: 郑福景; Chinese Traditional: 鄭福景) (a.k.a. "DENG, Gao"; a.k.a. "JIN, Gordon"; a.k.a. "ZHENG, Gordon"); DOB 11 Jun 1983; POB China; nationality China; citizen China; Email Address goldenchemical@live.com; alt. Email Address gordonzheng@qinvictory.com; alt. Email Address magicchemical@hotmail.com; alt. Email Address sales@globalrc.net; alt. Email Address 3507656950@qq.com; alt. Email Address zhengfujing@live.cn; Gender Male; Digital Currency Address - XBT 17ezuJoT3XBbdcwFZbkTnrXbup11F4uhiy; alt. Digital Currency Address - XBT 1DH2xDH7TngrDU6LXciprKCBKNcPA1xX8A; Passport G31920875 (China) issued 24 Oct 2008 expires 23 Oct 2018; Identification Number 310107198306111336 (China); Chinese Commercial Code 6774 4395 2529 (individual) [SDNTK]. ZHENG, Guanghua (Chinese Traditional: 鄭广華; Chinese Simplified: 郑广华); DOB 04 Nov 1955; POB Shanghai, China; nationality China; citizen China; Email Address zhenguanghua1955@outlook.com; alt. Email Address zhenguanghua1955@gmail.com; Gender Male; Digital Currency Address - XBT 33Kja69SQVc8kozpoP7Qw6HFtGxHkiWzTz; alt. Digital Currency Address - XBT 3MkUNScqf21EcfWq6T4x2MFgBeSTqhB5t6; alt. Digital Currency Address - XBT 18uKfaUjgG52rVeXEi3wxnveww7zZuECtE; Digital Currency Address - LTC LaizKtS5DUhPuP1nTQcc83MS7HwK6vk85z; Passport E51809923 (China) issued 25 May 2015 expires 24 May 2025; Identification Number 310108195511041616 (China); Chinese Commercial Code 6774 1639 5478 (individual) [SDNTK]. The following entities have been added to OFAC's SDN List: QINSHENG PHARMACEUTICAL TECHNOLOGY CO., LTD. (a.k.a. SHANGHAI QINSHENG PHARMACEUTICAL SCIENCE & TECHNOLOGY CO., LTD.; a.k.a. SHANGHAI QINSHENG PHARMACEUTICAL SCIENCE AND TECHNOLOGY CO., LTD.; a.k.a. SHANGHAI QINSHENG PHARMACEUTICAL TECHNOLOGY CO., LTD.), Room 614, Floor 3, No. 1, Alley 468, New Siping Highway, Shanghai 201413, China; Room 614, Floor 3, Block 1, Lane 468, Xinsiping Highway, Fengxian District, Shanghai, China; Website www.qinvictory.com [SDNTK]. ZHENG DRUG TRAFFICKING ORGANIZATION, Shanghai, China; Website www.globalrc.net; alt. Website www.goldenrc.com; alt. Website www.toplabrc.com; Email Address MagicChemical@hotmail.com; alt. Email Address goldenchemical@live.com; alt. Email Address 3507656950@qq.com; alt. Email Address sales@globalrc.net [SDNTK]. Bookmark and Share Last Updated: 8/21/2019 10:18 AM" |
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 Testing the compac seems okay running at freq 150 doing 8gh I will test it over night then ship it on monday. |
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yea - lol 3 is 2 too many for me. One account is enough for me - though I understand why he has the mobile account - so that he never uses the main account outside of his house, he's said as much.
this one was around a long time maybe 5 or more years. I have decided to not have the in house one more then 1 pc. I have a fourth used years ago when on a long vacation. @ sidehack my idea for a better s9 did not work. I was going to fit 2 boards and a hp psu in the case. does not fit. |
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Yeah 8th at 500 watts is nice.
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I thought I was on that list?
You requested it on July 6 looks like I missed it. I will put you back on it later today when I access my main account. nuanicaj yeah I fell down a flight of stairs on july 7 and was limping in quite a bit of pain you were not put on the list as I was thinking about how stupid I was to fall down the stairs and my ankle hurt like mad. I asked on July 20 if I missed anyone and I did not pick up your name neither did anyone else. It will be on tonight's list. |
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I have seen no mention of this yet so I thought I would bring it up: https://www.ivymclemore.com/blogThe Bitcoin inventor Satoshi Nakamoto is actually James Caan (James Bilal Khalid Caan): I mined 980,000 Bitcoins using a remote computer and my laptop in 2009. As Hal Finney explained this in his 2013 Bitcointalk post quite accurately, “those were the days when difficulty was 1, and you could find blocks with a CPU, not even a GPU.”
The real news is that the 980,000 BTC is lost forever. I am a bit surprised that news of the loss of 4.67% of the total supply of BTC has had no impact on the price. Now, it could be worse, Phil. I know your IRS dealings are a PITA but at least you did not lose $19 billion like James did. We all need proper perspective for sure. Don't you worry, that's just another scammer. bch to btc in 2018 triggers cap gains and reporting Now now. Are you saying that the IRS is taxing unrealised gains? Here in the UK, anything you do within cryptoland is considered unrealised, and isn't taxable. You only tax whatever profit you make... when exchanging back to GBP. Not before. And certainly not open positions! Yep no like kind exchanges other then real estate. So 10 ltc to 1 bch triggers reporting. or any coin to any coin triggers reporting. this is as of jan 1 2018. the trump tax laws are directly attacking the exchange of crypto coins for crypto coins. If it was jan 1 2018 and you had 1000 usd and purchased 1000 of any crypto coin and made 1000 trades in 2018 of coin to coin to coin ending up with 1000 in coin on Dec 31 2018 even though you never made any profit for the year and never converted into cash once you purchased the 1000 in coin. you will need to report it all line by line to be in full compliance. At most I owe under 1000 usd for 2013 to 2018 taxe returns. maybe even due a refunbd of under 1000. I don't give a shit about the $ amount it is the reporting requirements. Especially since 2018 I am lucky I don't trade much at all.. I hold and or convert to cash . I estimate. I will do a few long reports. And either or get back a little money. But anyone that did lots of coin to coin trading in 2018 or 2019 will be in for a rude awakening if they are USA based. Note this pc does not access my philipma1957 account so I did my alt to post. |
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Phil, is there no way you could show the trade averages in your reporting to the irs whilst just copy/pasting the splits in an attachment? Let them do the rec work. You should report the trades you did, not the split executions.
Worth getting tax advice imo. What you wrote above sounds absolutely ludicrous to me.
I did what you suggested sent in 100 pages with summaries for BTC LTC ETH BCH filed in April 2019. And that is what got me the letter. I could hire a guy but I have an accounting degree. My wife my late mom and myself have worked for the IRS. I can do the work needed to report this the way they want. My complaint is not for myself as I can see the requirements are actually not wrong but they are a huge burden to me. If I had known they would ask for this info I would not have done any btc sales of gear. What happened in my case was I sent coins to cash as a basic pass through. So my tax owed was paid but my method of handling the funds requires way too much in the form of entries that they like. The example above was a sale of some gpus. I got .2 btc I sent to my forum addy: 1Jxxxxx then sent to coinbase then sent to gdax then sold then sent cash to coinbase then sent cash to bank the sales was about 1866 usd the gpus cost me 2000 I mined with them earned 750 spent 200 in power spent 50 to ship so 2000 -750 mining income 1250 +200 power cost 1450 +50 shipping 1500 cost of good sold this is correct I put this on return 1866 in coin recieved this is correct I put this on return profit is 1866-1500 = 366 taxable income this is correct I put this on the return the issue they have is how I moved that .2 btc around btc addy 1Jxxx coinbase account gdax to cash this is the 17 lines of info back to coinbase account into bank account. I just have to create reports that show that movement. If I had used a different service it would have been easier. If I did payment to a coinbase account convert to cash send to bank It would have been easier. If I hire a guy he may not be that good at the reports as they are new. I don't owe money most likely they will owe me money as I did not list all sales of coins fees. In 2018 I moved about 90000usd in coin at a cap gains loss of 3000 my gpus and gear sales did about 4000 profit. The 2018 return will end up being hundreds of pages long and show well under 5000 profit. The return I sent them was over 100 pages and showed well under 5000 profit. Once I get this mess done I need to do the 2019 return. This shit is pretty fucked up because I did not realize what they were going to require to make reports. I am using bitcoin.tax soft ware. I will need to work on this every day for a few hours until late sept to file an amended return. which will offer a lot of extra info that will show less then a 500usd difference in tax liability. I will then work on the 2019 return and I will take as long as I can to file it as I want to feel that the 2018 return is done. |
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This should fix newbie status.
You may need more posts but you have the merit you need
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