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1  Economy / Economics / Re: New IRS rules for BTC as related to US Tax payers on: March 26, 2014, 07:15:23 PM
I like the way you guys are seeing things. I guess it's just the pessimist in me being negative Nancy...I really hope you're right. On a more selfish note, how should I, as a small time miner, keep track of my daily payouts? I'm open to any and all suggestions.



look at blockchain info.  it will tell you  what the transaction was worth in usd at the time you made it.

on what exchange? btc "value" is all over the charts, especially last year.

if that's how you determine basis, well just tumble your coins by sending them to your own addresses every few days to keep the "basis" jumping about with the markets.

what's going to happen is the IRS is going to try and say everyone's basis is 0 unless you can prove you paid X for whatever which is almost impossible.
2  Economy / Service Discussion / Re: Vircurex account hacked on: February 10, 2014, 07:22:19 PM
that would be why you enable 2 factor or yubikey....

and not use guessable passwords, and disable java/javascript on websites by default.
3  Bitcoin / Bitcoin Discussion / Re: So what are people in gox going to do now can't get FIAT or BTC out???? on: February 07, 2014, 04:11:25 PM
The writing has been on the wall for months. Idiots who loose their shirt because they left it there out of greed for a fake higher price deserve it.

Move to a better exchange that isn't powered by a drunken hamster.
4  Bitcoin / Hardware / Re: Hacking a BFL Jalapeno to 32GH and beyond....(???) on: January 28, 2014, 04:44:34 PM
Wow. Something is different. Just got my BGE bill, I pulled 873kwhr in December on my top floor instead of the normal 200kwhr.

Ooops. Guess these rigs are pulling more power than I thought. Might explain why I haven't had to run heat up there. But it does mean I need to start selling some bitcoin to pay the power bill.

Welcome to the big time.

Yeah, you are going tog get raided by thew cops for growing pot, or something soon, lol.
5  Bitcoin / Mining / Re: What's after 3TH machines. What's the timeframe? on: January 10, 2014, 07:58:49 PM
You still can't power 2500W on a standard home circuit in the USA.  Most homes have 110v wiring, at 15A or 20A.  That puts a reasonable max of 1500W per circuit, and even that's pushing it pretty hard for a lot of homes.  You basically require 240v for a 2500W system.  Many people in the US don't have access to that, or only have that wired for the laundry room and kitchen.

If someone can afford to drop >$10K+ on hardware, they can drop $200-$500 to drop a new power outlet in and have it wired professionally, or co-locate their equipment.
6  Bitcoin / Mining / Re: What's after 3TH machines. What's the timeframe? on: January 08, 2014, 07:53:24 PM
Everyone but the guys selling the machines are getting hosed now. The low hanging fruit was the first 4 months of last year and the end of the gpu game. ASIC has disrupted everything and tipped the scales in favor of the big boys, old money BTC hoarders and corporate mining and speculators day trading and manipulating the market.

If you aren't in neck deep now and have a few TH and/or have at least several hundred BTC, the mining game is over. Spend your money buying bitcoin on bad news days when it dips and hold.
7  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vs. Paypal - and PayPal is getting sued. on: January 07, 2014, 05:03:17 PM
Go for it, just expect them to close your account give you a pittance and a NDA and forbid you from ever doing business with them again.

/sued paypal many years ago and won.
8  Economy / Service Discussion / Re: Coinbase withdrawal delays thread [Please add ACH delay reports to this thread] on: November 27, 2013, 04:21:36 PM
Coinbase has been having problems since the end of october. I have yet another transaction MIA.

Wonder if they know that by putting a time definite date on transactions and then missing that date that they fall under contract tort and securities laws? It opens them up for consequential damages and breach of contract as well as mail fraud and a whole slew of things.

They are playing with fire and I'm considering pouring some legal gasoline on them.

All of mine showed up. Couple days late but fine, still cost me $$. This month, the delays have been horrible and when the price is so volatile that it jumps 10-20% per day the losses are not cool.

I'm sure this is just growing pains and such, but still they need to get their act together. It was awesome a couple of months ago. I'm sure they are swamped. But they also need to provide the service they say they will, on the dates they commit to and to respond to support emails within a reasonable period of time. Having to rant, PM, or hunt someone down on IRC to get answers is not exactly something that's ready for the public or even the average bitcoiner.

That said, they are still light years better than mtgox.
9  Economy / Service Discussion / Re: Coinbase withdrawal delays thread [Please add ACH delay reports to this thread] on: November 25, 2013, 02:35:49 PM
Coinbase has been having problems since the end of october. I have yet another transaction MIA.

Wonder if they know that by putting a time definite date on transactions and then missing that date that they fall under contract tort and securities laws? It opens them up for consequential damages and breach of contract as well as mail fraud and a whole slew of things.

They are playing with fire and I'm considering pouring some legal gasoline on them.
10  Economy / Service Discussion / Re: Another Coinbase Issue on: November 05, 2013, 11:26:38 PM
Sorry for the trouble with delayed bank transfers! This is a problem across the board right now. We made a support update about it here:

http://support.coinbase.com/customer/portal/articles/1357470-delays-in-bank-transfers-from-sells

This might be a decent excuse had you posted last week; or had your support staff not outright lied to everyone for past 4 days.But still, no one has still received their money or a reply.

I am going on a week + now with nothing but lies and sorry messages.
11  Economy / Service Discussion / Re: Coinbase - where are the deposits? on: November 04, 2013, 10:30:21 PM
Same thing here, I also noticed that ALL my prior transactions now have a date of Oct 31st, under details. I'm assuming they had a major DB fuckup.
12  Bitcoin / Hardware / Re: Avalon auctioning their 55nm chips on: November 04, 2013, 07:45:45 PM
Batch 2 did not ROI unless you were one of the very lucky few who got them early
13  Economy / Service Discussion / Re: Another Coinbase Issue on: November 04, 2013, 07:39:27 PM
Have the same issue. Sold coins Oct 29th and payment went into a black hole.

Transaction shows as complete

https://coinbase.com/transactions/526fe54185d37244b50000a6

Case #: 39660

Talked to Rees and Lianj, Both say it should have been pushed through Nov 1, Friday, but still nothing on my end.

Every other sell I've done has hit overnight so I've no idea whats going on now.
14  Economy / Service Discussion / Re: CoinBase Down on: November 01, 2013, 06:49:08 PM
I'm still missing funds from bitcoins I sold several days ago. Never had a problem before. Put in a support ticket, still got nothing.
15  Economy / Service Discussion / Re: Bitstamp's massive theft from customers, refusing to close accounts on: November 01, 2013, 12:16:11 PM
Quote
MODIFICATION OF TERMS
Bitstamp reserves the right to change, add or remove portions of these Terms, at any time, in an exercise of its sole discretion. You will be notified of any changes in advance through your Account. Upon such notification, it is your responsibility to review the amended Terms. Your continued use of the Site following the posting of a notice of changes to the Terms signifies that you accept and agree to the changes, and that all subsequent transactions by you will be subject to the amended Terms.
Highlighting by me, see https://en.bitstamp.net/article/bitstamp-new-verification-requirements/ as well as the notification in your account.

If you fail to look into your account for weeks and then don't want to supply KYC info, just ask the "Gigamining" people how much it helps to complain.

so if they post that now all transaction have a 50 btc fee and post it and 1 minute later enforce it against you, you are ok with that?
16  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN][I0C] I0coin hardfork DONE, everybody please upgrade to at least 0.8.3-2 on: October 11, 2013, 11:49:14 PM
Volume today was me moving/combining my mined coins into usable addresses. I'm pretty sure I killed the blockchain for 2 days straight. I literally had to use 1/2 million transactions to not be over the size limit for every single one. crazy. Also someone made out on fees.
17  Alternate cryptocurrencies / Altcoin Discussion / Re: LTC in MtGOX in less than 24h ???? on: October 10, 2013, 08:30:00 PM
LTC on gox, because using BTC there now is an epic fail....

I wouldn't trust them with a dirty sock.
18  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN][I0C] I0coin hardfork DONE, everybody please upgrade to at least 0.8.3-2 on: October 10, 2013, 08:28:54 PM
I have a HUGE amount of I0coins. who wants them?
19  Alternate cryptocurrencies / Altcoin Discussion / Re: i0coin UPDATES on: October 10, 2013, 01:05:49 PM
Nice to see iocoin back.  I had pretty much given it up for dead.
20  Bitcoin / Bitcoin Discussion / Re: Should miners collude to steal funds from wallet confiscated by US government? on: October 09, 2013, 07:10:11 PM
ok, so just a question.

Lets say someone guessed the private key of the Silkroad BTC stash and cleaned it out. Is it theft?

How can that theft be proven in law today?

If someone were able to randomly guess/combine enough bits to create a h264 of the next blockbuster movie without access to the original film, is that copyright infringement?

If you're able to guess the combination to my safe and you take all my money is that theft?

What if you guess the password to my bank account?

If you guess my credit card number?

How do you prove ownership of a bitcoin account number? ( insert wharrblgarbl about private key here )

It's not a tangible thing. There's no door to open, no physical goods to steal. It's intangible.

If you have the private key, you own the coins.
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