Spiral_mind I am sure someone with more tax code knowledge than me can answer that question. I do know for a fact you can write it off.

This is a good firm to contact world wide for any kind of tax advice and planning: http://www.pwc.com/us/en/tax-services/index.jhtml

Worth noting I have 80 units running 5 per hub on the hubs I mentioned above.. several days now with no problems after I downgraded from 7 to 6 to 5.

275 also interested in all three at 275 each.

I can confirm it does not work with the Anker 10 port hubs with the PI.

I have some posts getting 45 of these to work on the PI here starting here:
https://bitcointalk.org/index.php?topic=137934.msg2345214#msg2345214

Was anyone able to get the latest cgminer to work? I was also able to get bfgminer but no luck with cgminer.

I forgot to mention. Those hubs above can only power 5 block erupters. I burned out two trying 6 and 7.

Oh yes. I definitely need to mention that =) These can only power 5 sticks. I burned two of them out trying 6 and 7 sticks.

Also, block erupters USB run way to hot for not external cooling so don't stress the closeness to much. Its mandatory you cool these or they hardware error through the roof.

Smooth transaction and Vagnavs was an all around nice guy!

Spiral_mind = you are right on the Bitcoins. It most likely is a lot smarter to just buy the bitcoins flat out. I personally am betting on a $300+ bitcoin on the low side and $10,000 on the high side and would rather have hardware mining than bitcoins sitting in a wallet. Even it it takes me a year or two to recover my investment. This is a long term 10 year investment for me. Either bitcoin is going to make a lot of money or its going to be worth nothing. There really isn't a middle ground with it.

I am trying to diversify by also doing Litecoin and other scrypt currencies (though not holding my breath on the current batch of alt/scam coins).

Then you have the whole tax thing. Its a lot easier to write off hardware and explain to the IRS what you are doing when you have hardware to show for it than to explain to the IRS a million dollars in Bitcoins. I am not a tax expert and use tax attorneys for all my advice so I might be wrong on this and if so would love to hear so. The advice I am given though is its lower taxes to buy the equipment than to buy bitcoins which could be considered speculative and a much higher tax rate.

This is the hub I would recommend.

http://www.amazon.com/Plugable-Port-Speed-Power-Adapter/dp/B003Z4G3I6

The Anker hubs definitely do not work with the PIs. I picked up 5 of them which I have to return because I want to go pure PI based. They partially work and look sexy. On a USB 3.0 machine they work great though.

Awesome. Thanks for the quick reply and awesome job with the software (but you already know that hehe). I will keep plugging away at it until I can get it to work.

Does the README_ASIC apply to the USB Block Erupters since its Icarus based?

The problem I have is it doesn't detect any USB devices. This could be user error as I compiled with just Icarus support.

Going to go read the README again and double check just to make 100% sure.

250 BTC

Edited this post out - The developer of this software already saw it so no need for it anymore.

I had fantastic luck with these hubs:
http://www.amazon.com/Plugable-Port-Speed-Power-Adapter/dp/B003Z4G3I6

This last test is for 22 hours running 45 units. It seems to handle it decently well. (never mind the 1970 clock date. It keeps resetting itself to 1970 on reboot).

Screenshot here:

Thanks =) Yes. I saw that post and bid on that about 30 minutes before you posted here. I notice you are bidding on it as well.

Though to be completely honest I already contacted him a day or two ago and offered him $30,000 USD for the unit via wire no escrow but he didn't respond (mostly because he probably wants Bitcoin as I find to be the case with most sellers - which I don't 100% get because if you want Bitcoin only then most likely think Bitcoin is going to appreciate in value which means it makes more sense to just keep mining your hardware than to sell it for Bitcoin until your able to physically replace that hardware with better hardware  but that is just my personal opinion).

So far a lot of PMs on people selling preorders. What I really am looking for is someone selling hardware they have in hand. If you have something in hand and wanting to sell please PM me. I am particularly interested in buying Avalon units.

235 BTC