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241  Other / Off-topic / Re: BTC and taxes on: June 26, 2014, 12:18:38 AM
i also think i should only have to pay tax when i cash out to fiat. but my account with 30 years experience is saying the government considers it investment property. before i can cash it out i have to explain how and when i got it and then i have to pay income tax on it's value when i got it and the difference between what the value was when i got it and the value is when i cash out is capital gains.
is it all mined? if so then you have generated new cash right? how can that be an investment if you have not paid for it? the mining hardware is a capital investment sure.
If on the other hand you bought into it and made profit then it would be no different to any other commodity such as gold, silver or other.
242  Bitcoin / Mining speculation / Re: Could Bitmain be driving the latest spike in hashing growth with Antminer S3s? on: June 26, 2014, 12:14:37 AM
Its worth remembering that hash rate doesn't have to go from 0 to existence when it shows up somewhere new. Hash rate jumps all the time from unknown to identified, from pool to pool back to private to solo mining to pool to internal pool etc.

how much of the new ASIC devices do we think will add and how many would replace older ones. If you have cheap power, there is no real need to shut down he older ones so the hash rate and therefor diff would rise yes?

nest is predicted Anyware up to 24% I believe.
243  Other / Off-topic / Re: BTC and taxes on: June 26, 2014, 12:11:40 AM
i'm sitting on a enough coin to put me in the highest tax bracket. i want to cash out buy rental property and throw money in mutual funds. but i want to do it without getting taxed 40%. my CPA is telling me i have to pay tax twice. once for acquiring the BTC and again when i cash out. that doesn't sound fun. was wondering if anybody here has any experience with BTC and taxes and can share some wisdom about how i can minimize my tax burden.

thanks.

I am not a tax agent and bar far not an expert however I have a theory on this.

Since no government (I think) has acknowledged Bitcoin as currency, so long as you hold it in BTC, it essentially does not exist. When you cash it out, it's like receiving a lump sum cash payment form someone, which would need to be declared as income.
So at worse you would only pay tax once, unless you declare the BTC at it's fiat value as capital and have to pay capital gains tax.

Lots of q's around this obviously but with the right accountant you should be able to limit to paying tax once.
244  Bitcoin / Group buys / Re: [INTEREST] CoiningSolutions.com Bitmain AntMiner S3 List on: June 26, 2014, 12:07:04 AM
i'm in for at least one, possibly two.

no hosting

In Australia
245  Bitcoin / Mining software (miners) / Re: M's Ant (S1/S2) Monitor v2.1 - now with alerts! on: June 25, 2014, 11:58:46 PM
S1:80   0d 0h 6m 17s   207.02   206.07   0   0.6969%   35,335   147   UU   3.1178   0   1020   1020   41   41 0   406   0X   0X 0X    0

check out this good egg! haha. I have an ac duct on the back of it cheekily and it sits in the server rack. one thermaltake 90cfm fan on the back pushing in and the stock fan sucking out the front. heatsinks on all asics and the vregs.
246  Bitcoin / Mining software (miners) / Re: M's Ant (S1/S2) Monitor v2.1 - now with alerts! on: June 25, 2014, 11:55:08 PM
Extremely useful app !! Ive been looking for something like this for months !! ( just came across this today ! )

Any chance theres an Android App on the horizon? Wink

thanks again, you saved me tons of time loggin into each ant every day multiple times !!! Smiley

I wondered this myself, but for Windows Phone. Multiminer is ok but not as up to date. I've got a cheeky nat rule to expose my ant to the internet so I can get to it from outside.
What do you think mdude? I could have a go at the windows phone version but my skills a pretty limited. it's all vb right?
247  Bitcoin / Pools / Re: [600 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: June 25, 2014, 11:48:12 PM
Norgan.. are you still using modified cgminer with --scan-time 1 --expiry 1?

If so did you notice any difference or how it works on other pools?
I just replied on reddit too, but that was before I saw all the info on this thread about pseudo.


yes still using those, that is important for p2pool from what I have discovered and been told. Still not sure what impact that would have on other pools. Can anyone comment on the impact of these settings on other pools?
248  Bitcoin / Pools / Re: [600 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: June 25, 2014, 11:09:49 PM
Wow!!! 2 blocks in 1 day!!!  I'll take that anyday!!

haha yeah not bad huh? I got a nice payout from that last one too.
249  Bitcoin / Pools / Re: [600 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: June 25, 2014, 11:09:19 PM
Interesting, thanks for that. I've removed it from my S1 and it seems to hash a little bit higher now and can see the diff adjusting. will let that run for a it and see how it looks.
Just when you think you are starting to understand it all, something pops up and you re-evaluate your tactic lol

Does that mean you'll be updating your tips page at your pool?
http://www.norgzpool.net.au/antminer.html

The settings you suggests there seem to have been working fine on my miners ( /0+220.4 for my S1's and similar calculations for other rigs). Gonna be a pain to change them all back to default in all of my config scripts. Wink

My problem has been that I had a lot of miners and the default diff went really high without specific setting per miner... So by default p2pool set diff for the entire node's hashrate and that made my slower miners choke on big diff.

After running overnight my conclusion is the settings don't make a huge difference. regardless of diff the shares and payouts looks to be pretty stable and the hash & reject rate is right on where it was before when I had the diff set in the miner Config.
250  Bitcoin / Pools / Re: [600 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: June 25, 2014, 12:27:11 PM
Interesting, thanks for that. I've removed it from my S1 and it seems to hash a little bit higher now and can see the diff adjusting. will let that run for a it and see how it looks.
Just when you think you are starting to understand it all, something pops up and you re-evaluate your tactic lol

Does that mean you'll be updating your tips page at your pool?
http://www.norgzpool.net.au/antminer.html

The settings you suggests there seem to have been working fine on my miners ( /0+220.4 for my S1's and similar calculations for other rigs). Gonna be a pain to change them all back to default in all of my config scripts. Wink

My problem has been that I had a lot of miners and the default diff went really high without specific setting per miner... So by default p2pool set diff for the entire node's hashrate and that made my slower miners choke on big diff.
The difference is minimal and it all depends on whether you want consistent diff or variable diff. I'm going to hold off changing my recommendations until I have a bigger sample size.
My worry was that I have a miner in my node 3 times faster than mine and I also have a smaller miner that I use. Always looking for options to optimize those. So far the differences have been pretty small.
251  Bitcoin / Pools / Re: [600 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: June 25, 2014, 11:37:24 AM
Hey guys,

Thanks to everyone for the info regarding the S2 (S3) p2pool issues. I have just rebuilt my node & am syncing the wallets now - as soon as it's ready I will take the screens requested by Bitmain & send everything off to them. Thanks & kudos to Kano for getting back to me also, his work on the S1 & S2's is massive.
There are still a couple of hours worth of syncing to be done, so if anyone has anything else to add that they think might help, just post or PM me.

Lets hope we can get it sorted  Wink

Nice one Patman.

I still find it ironic that we see pool rate drop and blocks fewer but we seem to be getting more traction on code development. I can't help but speculate what that means for p2pool.
Will petamine add their hashing to p2pool effectively pushing us all out due to diff rising or will a change come that no only avoids this but even perhaps takes advantage of it, as in more blocks for miners on p2pool. and the even stranger thing is the number of donations made to p2pool of late.

Funny times we are seeing right now.
252  Bitcoin / Mining speculation / Re: Mining difficulty slowing down over the next 3 months? on: June 25, 2014, 11:16:38 AM
I think I have an idea and have observed on my own rigs over the last few months but what effect does diff have exactly on payout. If diff increases by 20% is it exactly 20% less payout? or is it proportional?
My own observations, be they anecdotal at best, seem to show diff in crease doesn't have as high an effect as it first seems.
253  Bitcoin / Pools / Re: [600 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: June 25, 2014, 11:09:46 AM
Interesting, thanks for that. I've removed it from my S1 and it seems to hash a little bit higher now and can see the diff adjusting. will let that run for a it and see how it looks.
Just when you think you are starting to understand it all, something pops up and you re-evaluate your tactic lol
254  Bitcoin / Pools / Re: [600 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: June 25, 2014, 08:53:42 AM
You could always manually adjust the share difficulty to get lower variances afaik.
you mean lower the diff?
pseudo diff only makes graphs look pretty.  You still need to submit a share of X difficulty to land on the chain.  Yeah, you could do something like this:

MYBTCADDRESS/1+1

But all that will do is flood the node with difficulty 1 shares from your miner.

my understanding is it ensures your lower hash rate doesn't get lost in the higher hash rate of other miners on your node. If you are the only one on your node it shouldn't matter.

btw a bock! yay!
255  Bitcoin / Pools / Re: [600 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: June 25, 2014, 07:44:42 AM
You could always manually adjust the share difficulty to get lower variances afaik.
you mean lower the diff?
256  Bitcoin / Pools / Re: [ANN] Solopool BETA on: June 25, 2014, 07:38:23 AM
You don't have enough icons on your desktop.

Where else would one put their .pdf's?


my mind is cluttered as my desktop it is very difficult to keep track of it all.

  maybe one day I will end my hoarding ways.  

Meanwhile try and guess  how many emails are in my oldest email account?

 I will give you .010 btc if you do.  

 this is at just the two of you 1 guess each.  must be perfect  guess and 1 hint well over 5000.

Edit

No guesses oh well.

7324

ha! I have 15496 and that just the unread emails in my inbox not including subfolders.

EDIT: and no, my desktop does not look like that!

http://www.youtube.com/watch?v=eEdiC-W4L7c
257  Bitcoin / Pools / Re: P2Pool Resource Guide on: June 25, 2014, 07:33:37 AM
I've got a front end also in my sig below.
258  Bitcoin / Mining software (miners) / Re: M's Ant (S1/S2) Monitor v2.1 - now with alerts! on: June 25, 2014, 07:27:15 AM
nice update. btw your notification icon shows as "NotifyIcon1" as the tooltip label.
259  Bitcoin / Pools / Re: [600 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: June 25, 2014, 07:23:17 AM
hmm my node hasn't picked up a share in over 5 hours. hashing at 700gh/s+ and usually a share comes up every couple of hours. anyone else seeing this?
That's just variance for you... my SP10 has gone for over 6 hours without finding a share.  I've had my S1s go for 22 hours and more without finding shares.  It happens.
cool cheers, yeah I figured that was the case but it seems out of the ordinary with nearly 1th/s to have so much time between shares. All good, still learning the nuances of variation and p2pool.
260  Bitcoin / Pools / Re: [600 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: June 25, 2014, 07:01:29 AM
hmm my node hasn't picked up a share in over 5 hours. hashing at 700gh/s+ and usually a share comes up every couple of hours. anyone else seeing this?
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