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1  Bitcoin / Legal / Bitcoin Taxation and Attorney in Canada? on: August 07, 2017, 05:11:36 AM
Does anyone know of tax attorney who specializes in cryptocurrency in Canada?

Does anyone know if exchange of Bitcoin for altcoin (i.e. buy 10 ETH at 0.8 BTC/ETH from poloniex) is considered as capital gain in Canada?  I know it is in the states, but cannot find any reference for Canada.

If anyone can provide accurate information with references, I am willing to tip 0.005 BTC..
2  Alternate cryptocurrencies / Mining (Altcoins) / Re: 1080Ti Specific - Best mining option on: August 07, 2017, 04:42:37 AM
Is anyone buying 1080Ti for mining only?

To me that doesn't make sense as there are cards that offer more mhs per $ invested.  I guess you are buying 1080Ti for gaming and mine when you can?

On the assumption you could get a 1080 for 450, i'd agree

But can you?

That's what I paid for my one and only 1080

i don't think you've done the math

No have not done math, but it sounds like 1080Ti mining is legit. Wow.

Wonder how Vega Rx will change the game.. I'm hearing 70 mhs from $400 cards
3  Alternate cryptocurrencies / Mining (Altcoins) / Re: 1080Ti Specific - Best mining option on: August 07, 2017, 04:20:43 AM
Is anyone buying 1080Ti for mining only?

To me that doesn't make sense as there are cards that offer more mhs per $ invested.  I guess you are buying 1080Ti for gaming and mine when you can?
4  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3 on: August 07, 2017, 03:57:36 AM
I bought a few of D3s from the first batch.  With so much FUD about profitability, what do you think about selling it for $6k or so for instant 100% gain?

You might make more money by running it in the long run, but there will be lot of uncertainties such as difficulty increase and price change of X11 coins, mainly DASH.  It might make sense to just flip it for quick profit for almost no work rather than trying to hodl and mine with it.

edit:  I also have some L3+ that is coming in late August.  Same question:  flip it or mine with it?

bump

Obviously I am a noobie member, so take what I say with a grain of salt.  

 I think its obvious that these machines will not make the returns that the mining calculators are spitting out, for reasons that have already been stated in this thread and many others.  That being said, no one knows exactly what will happen with price or difficulty increase rate.  

Personally, I ordered eight L3 machines this month, and I plan on selling four of them at double what I paid for them on amazon or ebay.   This means I will get 4 free machines, with instant ROI for all eight (if they sell at the price I want, of course this may not happen).  This way I can make a quick profit <EDIT> ROI </EDIT>as well as still mine the coins and see what happens with price and difficulty.  

I would not do a "pre-sale" on amazon or ebay.  12 years of experience as an ebay seller just tells me this is a great way to get a lot of negative feedback.   What happens when you try and sell your X11 miner on ebay, then bitmain sends you some DOA bullshit? Wait until the machine is in your possession to sell it, is my advice.



Thanks for the advice on selling.  New ebay seller with 30 feedback here

I bought L3+ with Aug 20 - sept 12 shipping two months ago.  LTC yield per day has already halved.  Will only go down massively as new batches arrive.

Decision time..
5  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3 on: August 03, 2017, 08:03:58 PM
I bought a few of D3s from the first batch.  With so much FUD about profitability, what do you think about selling it for $6k or so for instant 100% gain?

You might make more money by running it in the long run, but there will be lot of uncertainties such as difficulty increase and price change of X11 coins, mainly DASH.  It might make sense to just flip it for quick profit for almost no work rather than trying to hodl and mine with it.

edit:  I also have some L3+ that is coming in late August.  Same question:  flip it or mine with it?

bump
6  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3 on: August 03, 2017, 05:04:50 AM
I bought a few of D3s from the first batch.  With so much FUD about profitability, what do you think about selling it for $6k or so for instant 100% gain?

You might make more money by running it in the long run, but there will be lot of uncertainties such as difficulty increase and price change of X11 coins, mainly DASH.  It might make sense to just flip it for quick profit for almost no work rather than trying to hodl and mine with it.

edit:  I also have some L3+ that is coming in late August.  Same question:  flip it or mine with it?
7  Economy / Service Discussion / Re: H/w Hosting Directory & Reputation on: August 01, 2017, 06:40:49 AM
Hello,

I have >150 kW worth of miners coming in October that I need to get hosted.  Does anybody have availability?

We do.

All my miners are from Bitmain.  Will that be an issue?
8  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3 on: August 01, 2017, 06:33:21 AM
Comparison b/n D3 and L3+?  ROI wise, seems obvious D3 is winner.  Any reason to buy L3+?

Depends on how soon you can get either one. L3+ has already sold several batches, and D3 only a few. If you can get a D3 ordered in the next batch then it would be better than getting an L3+ in the next batch.

Only a few or just one batch?
9  Alternate cryptocurrencies / Mining (Altcoins) / Re: Any word on amd vega hash rates? on: July 31, 2017, 08:09:36 PM
around 28-30 mh/s on ethereum. most likely to be a clone of the 1080. not the ti.

1080ti = 36mh/s
vega = 28-30mh/s

1080ti > vega

Is this for vega frontier edition or vega gaming edition?
10  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3 on: July 31, 2017, 06:19:42 PM
Comparison b/n D3 and L3+?  ROI wise, seems obvious D3 is winner.  Any reason to buy L3+?
11  Economy / Service Discussion / Re: H/w Hosting Directory & Reputation on: July 28, 2017, 07:25:27 PM
Hello,

I have >150 kW worth of miners coming in October that I need to get hosted.  Does anybody have availability?
12  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3 on: July 28, 2017, 06:18:49 AM
Does anyone know apporox how many were sold with 1st batch?  I know it was sold out in 12 hours.
13  Alternate cryptocurrencies / Mining (Altcoins) / Re: Group Buy - Innosillicon A5 Dashminer on: July 23, 2017, 04:44:19 AM
Why would anyone buy A5 over D3?  Compared to D3, A5 shows much less hashrate/$.  If one were to buy X11 miner, seems like D3 is a better choice unless electricity is very expensive (should not really be mining with high elec anyway).  Am I missing something?
14  Alternate cryptocurrencies / Mining (Altcoins) / Re: Innosilicon A5 DashMaster 30.2G 750W on: July 23, 2017, 04:33:39 AM
Does anyone know what happened to network hashrate of DASH right after A4 and current X11 miners were released?  Based on the change, can we expect how much of dumpage A5 or D3 will take in terms of profitability?
15  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3 on: July 23, 2017, 04:20:17 AM
I ordered an L3+ have been using it for a month. The difficulty is going up like crazy. By the time September batch starts shipping the machines wont be generating much. Besides that I have noticed this with Bitmain products for years now. And FYI Batch 1 of this miner was sold out in minutes. Another batch will be coming up soon. It says that one machine makes over $200 per day but by the time we get it it would make less than half of that.

Have you been noticing significant decrease in output from your L3+ over the month?  Quite curious if that's what will happen to D3.
16  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: July 16, 2017, 11:06:45 AM
Does anyone have experience with Parallel Miner PSUs?  They claim their 2400 W model can power up to 3 L3+s, but L3+ has power requirement of 800W + 10% which will exceed that 2400 W.

Also, how reliable are the Parallel Miner PSUs?  Any feedback from someone from direct experience will be much appreciated.

Thanks.
17  Alternate cryptocurrencies / Mining (Altcoins) / Re: Parallel Miner 2400w PSU - questions / input requested on: July 16, 2017, 10:36:38 AM
I am thinking about buying parallel miner PSUs for my L3+ to come.  How are the reliability of these PSUs?  Also, L3+ are rated at 800W + 10% each, and parallel miner 2400 W claims it can power up to 3 L3+.  Can I reliably do that? Theoretically required power draw from 3 L3+s can be 2400 + 240 = 2640 W.

Thanks.
18  Alternate cryptocurrencies / Mining (Altcoins) / Re: <$0.05 per Kw - 2 MEGA WATT FARM on: July 03, 2017, 06:13:21 AM
I know those western countries are very picky about safety and meeting codes and standards.  I know alot of mines in north america have huge capital investment because they have to build everything to code.

Do you know how strict the Workers Compensation Board (or whatever it's called) is in NZ?  Also, when do you have to start following their requirements?  I am sure if you are a one man shop, you don't have to worry about that kinda stuff, but when you start employing people (I think you would have to with 2 MW mine) then it might be mandatory?
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