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1  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 31, 2017, 05:26:17 AM
Text Bubbles speak for themselves.  A little humor...

IMAGE EDIT: 





Hey Dumb ask
 I see you found a bunch of saps that listen to your BS.
You are so full of Ship...
Did your wife leave you yet?
Your son is old enough to know your a POS.
How's the Bitcoin farm going, that you bought with the wifes 401k?

Thought you you where going to Washington State ?

I Here the company your Dad started you turned into a joke, people said you are unstable. 

Keep posting your CRAP.

XOXO
2  Bitcoin / Pools / Re: [25+PH] Kano CKPool kano.is 0.9% PPLNS US,DE,SG,JP,NL,NYA on: January 07, 2017, 01:26:21 AM
It looks like some of the rats that jumped ship are starting to come back...it's amazing what a short 220% luck streak can do.


Not a rat that jumped ship nor will I come back!  The banter here about s9 is BS.  Again, I try to make a profit mining.
 With kano pool at  under 1 % of difficulty you all could be in for a wild ride . Take a look a Bitminter stats for the last year.  


Good luck to all.
3  Bitcoin / Pools / Re: [25+PH] Kano CKPool kano.is 0.9% PPLNS US,DE,SG,JP,NL,NYA on: January 06, 2017, 02:15:41 AM
Wow .. I have had a s9 for a couple of weeks now. been running it on slush. I was going to move it over to Kano but will keep it on slush after all the negativity about the s9 here.

FWI we would all have been better off just buying bitcoin instead of buying any of these OVER priced miners.


Best of luck to all. 


Buying btc or buying stock in the chip makers like AMD or NVDA would be a better investment financially perhaps but many people choose to mine because it is a lot more fun and supports a network we all believe in. Plus a lot of interesting people here in the mining community to learn from


I agree, but why all the talk about ROI and finding blocks ?  There are lots of ways to support bitcoin and the network other than mining.

  I mine to make a profit. Thats how it was set up and how it should be.   
4  Bitcoin / Pools / Re: [25+PH] Kano CKPool kano.is 0.9% PPLNS US,DE,SG,JP,NL,NYA on: January 06, 2017, 01:49:53 AM
Wow .. I have had a s9 for a couple of weeks now. been running it on slush. I was going to move it over to Kano but will keep it on slush after all the negativity about the s9 here.

FWI we would all have been better off just buying bitcoin instead of buying any of these OVER priced miners.


Best of luck to all. 
5  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: November 11, 2016, 04:33:11 AM
For the time being my 65GH pointed here ain't going nowhere tho, haha.

Who knows, sometimes some of the smallest miners would win when we had mint races Tongue

You still have no clue. I warned you 20 months ago that your pool was dying. I offered to donate money and gave you some NMC. You started a new forum and hide all the old post.
Nice to see you fail.
Why is it you you don't care? I feel bad for the people that have drank your kool-aid.
why don't you just close the pool?
Last time i offered to send you BTC you changed the forum so no one would see the posts?
   GO MINE @ Kano pool
6  Alternate cryptocurrencies / Mining (Altcoins) / Re: Claymore's Dual Ethereum+Decred GPU Miner v4.5 (Windows/Linux) on: June 13, 2016, 02:39:23 AM
By the time you get the new card, you will mine the same amount with the same price as the difficulty will be much higher.

You have a valid point there.  By the time they come out and a ginny pig spends $200 to find out if it will mine ETH and we get word of it, it's quite possible my 3,000 MH/s from 100 x MSI 390's will have mined approximately $10,000 worth of ETH at current difficulty, block time and price of ETH.

That's $10,000 towards a $34,000 to $35,000 investment.  That investment could be paid off in 4 months.

I'm an ignoramus as to how ETH works.  Any idea who or what determines when ETH changes from POW to POS?  Of course, I could research to find out for myself.  However, if someone knows the answer, I would appreciate the info.



Its simple really.

They will release the new software for nodes to update to and if they mine then wont update and POS will be delayed.  The guys at ETH put a difficulty bomb to make mining impossibility hard in the future so the majority will update or the network will freeze and kill the coin.  In crypto generally once 51% of the network decides to use a update then it becomes official, its like share holders making a vote in a publicly traded company.

Sounds like all of us need to begin kick starting our own ETH nodes to have a vote to keep the mining going a bit.  eh?   Grin

Be careful with this Idiot  dmwardjr . He had over 3000 posts on the bitcoin boards. He took his wife 401k and spent it on miners trying to become a bitcoin millionaire. He wasted many hours of peoples time trying to make a a bad investment  good. A true bitcoin MORON. if you reply to him  do it at your own risk.  
He filled 5 pages of BS on how he was going to move to Washington St. and start a mining farm. HA HA . DON'T REPLY TO THIS IDIOT !!!


  
  
7  Bitcoin / Pools / Re: [45+PH] **5x AVALON6 GIVEAWAY** Kano CKPool kano.is 0.9% PPLNS US,DE,SG,DK,JP,FR on: May 25, 2016, 12:41:15 AM
Very nice to see Kano Ck pool growing and doing so well. I had to stop mining because of old hardware and electric costs, but I miss
times like this when luck is crazy good. I still watch Kano Pool daily and I  love the rush of GREEN blocks.   

I wonder what bitcoin will be like after halving?
 As I look back ....everything seemed so easy.... but life is like that.

Good luck to all ..and the more green blocks !!!!!

Bitwitt    aka  Pingster...



   
8  Bitcoin / Pools / Re: [30 PH] ** 5x AVALON6 GIVEAWAY ** Kano CKPool (kano.is) [0.9% PPLNS] US,DE,SG on: April 02, 2016, 03:50:57 AM

i would use it.

but even at 13c a kwh 3.5TH @ 1100 watts is profitable.. will be probably until the halving..




Grin Its an 4.1 -> 700 Watts and 1.3THs (0.53J/GH). So with 13 cents/KWh it costs $2.15 a day and mines only 1.65 -> so 50 cents are lost a day. Of course a 200% kano day is helping a lot... under normal conditions you need at least 0.06 / KWh to run that thing without a loss.

edit: typos

I'm not trying to scam anyone. I would like someone to use this miner that KANO gave me. as I said it cost me more to run than it makes BTC. All I want is someone to pay shipping costs. You also can pick it up for free, I'm in northern Illinois.   

Looks like Zephyr is going to take the miner.  Good luck to all !
9  Bitcoin / Pools / Re: [30 PH] ** 5x AVALON6 GIVEAWAY ** Kano CKPool (kano.is) [0.9% PPLNS] US,DE,SG on: April 02, 2016, 03:11:09 AM

i would use it.

but even at 13c a kwh 3.5TH @ 1100 watts is profitable.. will be probably until the halving..




Grin Its an 4.1 -> 700 Watts and 1.3THs (0.53J/GH). So with 13 cents/KWh it costs $2.15 a day and mines only 1.65 -> so 50 cents are lost a day. Of course a 200% kano day is helping a lot... under normal conditions you need at least 0.06 / KWh to run that thing without a loss.

edit: typos

I'm not trying to scam anyone. I would like someone to use this miner that KANO gave me. as I said it cost me more to run than it makes BTC. All I want is someone to pay shipping costs. You also can pick it up for free, I'm in northern Illinois.   
10  Bitcoin / Pools / Re: [30 PH] ** 5x AVALON6 GIVEAWAY ** Kano CKPool (kano.is) [0.9% PPLNS] US,DE,SG on: April 02, 2016, 01:07:22 AM
my electric costs are 13 cents per kWh . If you don't want it thats ok with me. I'll put it in the garbage.

11  Bitcoin / Pools / Re: [30 PH] ** 5x AVALON6 GIVEAWAY ** Kano CKPool (kano.is) [0.9% PPLNS] US,DE,SG on: April 02, 2016, 12:47:01 AM
Hi all, I won a Avalone 4.1 from Kano's first contest. 
I had to stop mining because of electric cost but I would like to give the avalon to someone that will mine with it on Kano's pool.
all you need to do is pay shipping in the USA only. My mining name is pingster. I do have a power supply if needed. PM me if interested.   I checked with Kano before posting this and he said it was ok, I have lots of S3s and power supplies too.

.

 
12  Bitcoin / Hardware / Re: Bitfury: "16nm... sales to public start shortly" on: March 27, 2016, 04:03:35 AM
I think Bitfury is busy with ETH mining instead of releasing their new chip.



bitmain is doing to bitfury the same what they did to Spondoolies: price dumping to drive a competitor out of the market, then jack up the price on their own next gen as they did with S7.

I believe you're right.  I can get a ton of S7's right now with coupons at $482 each + shipping.  It's tempting, for sure but other things are holding me back from pulling the trigger.  I would hate to spend $80K on S7's, only to have next generation come out within two months and end up regretting my purchase.

My gut is telling me to keep my bitcoin and be prepared to dump close to the right time when the potential pump and dump arrives soon.  Then buy back in at a good price after the dump to accumulate more bitcoin.  I think I would be better off increasing my bitcoin wallet by potentially 30 to 80 percent than to buy rigs at the moment.

What do you guys think?
I think your 10 step plan to be a Bitcoin millionaire has FAILED. 4000 posts and nothing to show for it.   
13  Other / Archival / Re: Coinbax wallet mining taxing on: January 28, 2016, 02:41:27 AM
What I'm about to share is important to users of the pool who use CoinBase for their wallet and/or to convert bitcoin into USD.  If you have more than 200 transactions [Easily done with a payout for every block in a matter of several months] -AND- more than $20,000 in transactions.

I received the following email from coinbase today after they asked if I use my coinbase account primarily for business or personal use.  I told them business because my business checking account is linked to Coinbase.  I write off expenses related to bitcoin mining.

Here is a copy and paste of the email:

========================

Coinbase has requested a file from you.

Thank you for using Coinbase for your business activity. Due to your processing volume, your Coinbase transaction activity last year met U.S. tax reporting thresholds. As a result, we kindly ask you to please do the following:

1. Complete the fillable Form W-9 found here: https://www.irs.gov/pub/irs-pdf/fw9.pdf. Please fill out the basic information in boxes 1 through 6 and enter the applicable Taxpayer Identification Number in Part 1. Note: you may enter tax exemption codes, if any apply to your business, in Box 4. (If you believe the Form W-9 does not apply to you, please email us at taxfiles@coinbase.com and we will help you find the proper form.)

2. Sign and date the form on the line in Part II.

3. Upload the completed and signed Form W-9 using the Kiteworks website.

Coinbase will retain your completed form for tax reporting purposes and we will send you a Form 1099k in the next few weeks for your own records. If you have any questions please do not hesitate to reach out to taxfiles@coinbase.com. Please return the completed Form W-9 to us by January 25 so we can meet federal tax filing deadlines.

Upload link expires: Jan 25, 2016
This upload requires authentication.
To upload your file, please activate your account by creating a password.

========================

If you read the instructions for US Form 1099-K you will see the following in the instructions:  https://www.irs.gov/instructions/i1099k/ar02.html#d0e387

Exception for de minimis payments.   A TPSO is required to report any information concerning third party network transactions of any participating payee only if for the calendar year:
The gross amount of total reportable payment transactions exceeds $20,000, AND

The total number of such transactions exceeds 200.

========================

Box 4. Federal Income Tax Withheld

Enter backup withholding. Persons who have not furnished their taxpayer identification number to you in the manner required are subject to backup withholding on payments required to be aggregately reported in box 1a.

========================

My question is this:  How does Coinbase KNOW what transactions are payments and what transactions are simply transfers from their wallet to a hardware wallet for cold storage?  What if I then [Later] transfer all or part of funds from cold storage back to my Coinbase wallet and use it later on to purchase rigs or other hardware?  Will the transfer from cold storage wallet to coinbase be counted as a "transaction" or thought to be a "payment" to me by Coinbase?  How the hell do they KNOW what is a payment and what is not?

Another example:  If I transferred $70,000 USD to my Coinbase account THEN purchased $70,000 worth of rigs, is this to be reported as $140,000 worth of transactions on form 1099-K?

Another example:  I paid for something with bitcoin via escrow.  Let's say it did not work out and I get refunded that same amount.  Is that amount to be considered a payment?

How the hell do they know what is payments and what is not?

This will be interesting when I get the form 1099-K from them to see the gross dollar amount they put on the form.

I recommend not using Coinbase in any regard and use another means of conducting your business with bitcoin.  I can see this becoming a BIG mess.  I now have to make sure I'm DEFINITELY organized.  I can see a visit from the tax man very easily this year.  If that happens, I will be on a mission to put an end to anyone doing business with Coinbase.

EDIT:  Check out this link:  http://cointelegraph.com/news/113403/5-reasons-to-drop-coinbase-like-a-hot-potato-op-ed

Do you know......You just violated Coinbase terms and conditions ? You posted a private message. Good luck they will shut your account down.    You need to keep your posts and mouth shut.     

Told you this guy was a Blow hard! He just lost most of his Bitcoins playing poker. He is one of the WORST poker players I have seen. Plus he left his wife and young son home as he gambles away his wife 401k.
14  Economy / Computer hardware / Re: WTS: Datacenter in Central WA on: January 28, 2016, 02:37:20 AM
None of what we are talking about is even approved by the board yet. So there isn't anything to look up. It is nothing more than a proposal, but I told you all of what I know and got from the PUDs.

It is a proposal to be voted on in March.  The place will be available in March.

EDIT:  Would you hate to sign your name on something, only to find out a few weeks later you will not get 3 cents per kWh?

Again, I'm NOT trying to be difficult.  I only want to KNOW what I'm getting into without something hanging over my head.


Told you this guy was a Blow hard! He just lost most of his Bitcoins playing poker. He is one of the WORST poker players I have seen. Plus he left his wife and young son home as he gambles away his wife 401k.
15  Other / Archival / Re: Coinbax taxing was Re: [12 PH] ** 5x AVALON6 GIVEAWAY ** Kano CKPool (kano.is) [0.9% PPLNS] US,D on: January 21, 2016, 03:33:06 AM


The total number of such transactions exceeds 200.


Why not Mine to your own Wallet and just transfer to Fiat exchange such as Coinbase in large chunks when needed?
Avoid the 200+ transactions.

As for Tax purposes in USA, everyone should already be documenting their Fiat to BTC transfers and vice versa.  Fiat to BTC would go into a "Hold" account.  Then sales of BTC to Fiat would be removed from "Hold" account.  If more comes out than goes in, it becomes Capital gain and declared as such.  If you have sold all BTC and are under than you'll file a capital loss.  This should be done regardless of documents received as an audit will make resolution of those transactions a necessity.  1099k will put you under the microscope for audit for sure.  #1 cause for small business audit is discrepancy of reported income vs sum total of 1099's reported.  You'll need all your ducks in a row because an audit is highly likely if they are reporting all transfers as "payments" on the 1099k and you are not including those transfers in your over all "earned income" field.



Totally agree...


Had to send your posts to coinbase. You have a big mouth. Mr proud-clown.
Please close your mouth, it stinks so much my phone rebooted because of it!
Schnellmacher
16  Other / Archival / Re: Coinbax taxing was Re: [12 PH] ** 5x AVALON6 GIVEAWAY ** Kano CKPool (kano.is) [0.9% PPLNS] US,D on: January 21, 2016, 03:08:57 AM


The total number of such transactions exceeds 200.


Why not Mine to your own Wallet and just transfer to Fiat exchange such as Coinbase in large chunks when needed?
Avoid the 200+ transactions.

As for Tax purposes in USA, everyone should already be documenting their Fiat to BTC transfers and vice versa.  Fiat to BTC would go into a "Hold" account.  Then sales of BTC to Fiat would be removed from "Hold" account.  If more comes out than goes in, it becomes Capital gain and declared as such.  If you have sold all BTC and are under than you'll file a capital loss.  This should be done regardless of documents received as an audit will make resolution of those transactions a necessity.  1099k will put you under the microscope for audit for sure.  #1 cause for small business audit is discrepancy of reported income vs sum total of 1099's reported.  You'll need all your ducks in a row because an audit is highly likely if they are reporting all transfers as "payments" on the 1099k and you are not including those transfers in your over all "earned income" field.


Totally agree...


Had to send your posts to coinbase. You have a big mouth. Mr proud-clown.
17  Other / Archival / Re: Coinbax wallet mining taxing on: January 21, 2016, 02:39:52 AM
What I'm about to share is important to users of the pool who use CoinBase for their wallet and/or to convert bitcoin into USD.  If you have more than 200 transactions [Easily done with a payout for every block in a matter of several months] -AND- more than $20,000 in transactions.

I received the following email from coinbase today after they asked if I use my coinbase account primarily for business or personal use.  I told them business because my business checking account is linked to Coinbase.  I write off expenses related to bitcoin mining.

Here is a copy and paste of the email:

========================

Coinbase has requested a file from you.

Thank you for using Coinbase for your business activity. Due to your processing volume, your Coinbase transaction activity last year met U.S. tax reporting thresholds. As a result, we kindly ask you to please do the following:

1. Complete the fillable Form W-9 found here: https://www.irs.gov/pub/irs-pdf/fw9.pdf. Please fill out the basic information in boxes 1 through 6 and enter the applicable Taxpayer Identification Number in Part 1. Note: you may enter tax exemption codes, if any apply to your business, in Box 4. (If you believe the Form W-9 does not apply to you, please email us at taxfiles@coinbase.com and we will help you find the proper form.)

2. Sign and date the form on the line in Part II.

3. Upload the completed and signed Form W-9 using the Kiteworks website.

Coinbase will retain your completed form for tax reporting purposes and we will send you a Form 1099k in the next few weeks for your own records. If you have any questions please do not hesitate to reach out to taxfiles@coinbase.com. Please return the completed Form W-9 to us by January 25 so we can meet federal tax filing deadlines.

Upload link expires: Jan 25, 2016
This upload requires authentication.
To upload your file, please activate your account by creating a password.

========================

If you read the instructions for US Form 1099-K you will see the following in the instructions:  https://www.irs.gov/instructions/i1099k/ar02.html#d0e387

Exception for de minimis payments.   A TPSO is required to report any information concerning third party network transactions of any participating payee only if for the calendar year:
The gross amount of total reportable payment transactions exceeds $20,000, AND

The total number of such transactions exceeds 200.

========================

Box 4. Federal Income Tax Withheld

Enter backup withholding. Persons who have not furnished their taxpayer identification number to you in the manner required are subject to backup withholding on payments required to be aggregately reported in box 1a.

========================

My question is this:  How does Coinbase KNOW what transactions are payments and what transactions are simply transfers from their wallet to a hardware wallet for cold storage?  What if I then [Later] transfer all or part of funds from cold storage back to my Coinbase wallet and use it later on to purchase rigs or other hardware?  Will the transfer from cold storage wallet to coinbase be counted as a "transaction" or thought to be a "payment" to me by Coinbase?  How the hell do they KNOW what is a payment and what is not?

Another example:  If I transferred $70,000 USD to my Coinbase account THEN purchased $70,000 worth of rigs, is this to be reported as $140,000 worth of transactions on form 1099-K?

Another example:  I paid for something with bitcoin via escrow.  Let's say it did not work out and I get refunded that same amount.  Is that amount to be considered a payment?

How the hell do they know what is payments and what is not?

This will be interesting when I get the form 1099-K from them to see the gross dollar amount they put on the form.

I recommend not using Coinbase in any regard and use another means of conducting your business with bitcoin.  I can see this becoming a BIG mess.  I now have to make sure I'm DEFINITELY organized.  I can see a visit from the tax man very easily this year.  If that happens, I will be on a mission to put an end to anyone doing business with Coinbase.

EDIT:  Check out this link:  http://cointelegraph.com/news/113403/5-reasons-to-drop-coinbase-like-a-hot-potato-op-ed

Do you know......You just violated Coinbase terms and conditions ? You posted a private message. Good luck they will shut your account down.    You need to keep your posts and mouth shut.     
18  Other / Archival / Re: Coinbax taxing was Re: [12 PH] ** 5x AVALON6 GIVEAWAY ** Kano CKPool (kano.is) [0.9% PPLNS] US,D on: January 21, 2016, 02:24:07 AM


The total number of such transactions exceeds 200.


Why not Mine to your own Wallet and just transfer to Fiat exchange such as Coinbase in large chunks when needed?
Avoid the 200+ transactions.

As for Tax purposes in USA, everyone should already be documenting their Fiat to BTC transfers and vice versa.  Fiat to BTC would go into a "Hold" account.  Then sales of BTC to Fiat would be removed from "Hold" account.  If more comes out than goes in, it becomes Capital gain and declared as such.  If you have sold all BTC and are under than you'll file a capital loss.  This should be done regardless of documents received as an audit will make resolution of those transactions a necessity.  1099k will put you under the microscope for audit for sure.  #1 cause for small business audit is discrepancy of reported income vs sum total of 1099's reported.  You'll need all your ducks in a row because an audit is highly likely if they are reporting all transfers as "payments" on the 1099k and you are not including those transfers in your over all "earned income" field.


Totally agree...

 

DMWARD...jr
over 10 posts a day, moron, are you lonely or just a idiot?  You must miss acting like a teacher. You are a lonely
 MORON.
 

@ Bitwitt  - I've learned more from DMwardjr then anyone else on this forum.  He's too classy to bother respond to a jerk like you.  Take your crap elsewhere if you're not interested in learning.  Your crap post is already deleted on the other thread, I hope he would do the same on this thread.  


@David - I'm very interested in what you find out as I'll be running into the same issues with Coinbase soon.  Fortunately the accounting portion with BTC to FIAT was helped by ZACHM tool, so we'll just need to figure out an alternative to Coinbase or better solution.

If you are using DIMWARDjr as your mentor ..... you sir are in deep crap.
19  Other / Archival / Re: Coinbax taxing was Re: [12 PH] ** 5x AVALON6 GIVEAWAY ** Kano CKPool (kano.is) [0.9% PPLNS] US,D on: January 21, 2016, 01:59:28 AM


The total number of such transactions exceeds 200.


Why not Mine to your own Wallet and just transfer to Fiat exchange such as Coinbase in large chunks when needed?
Avoid the 200+ transactions.

As for Tax purposes in USA, everyone should already be documenting their Fiat to BTC transfers and vice versa.  Fiat to BTC would go into a "Hold" account.  Then sales of BTC to Fiat would be removed from "Hold" account.  If more comes out than goes in, it becomes Capital gain and declared as such.  If you have sold all BTC and are under than you'll file a capital loss.  This should be done regardless of documents received as an audit will make resolution of those transactions a necessity.  1099k will put you under the microscope for audit for sure.  #1 cause for small business audit is discrepancy of reported income vs sum total of 1099's reported.  You'll need all your ducks in a row because an audit is highly likely if they are reporting all transfers as "payments" on the 1099k and you are not including those transfers in your over all "earned income" field.


Totally agree...

Going on 30 posts in 2 days. It's insane Please stop!
20  Other / Archival / Re: Coinbax taxing was Re: [12 PH] ** 5x AVALON6 GIVEAWAY ** Kano CKPool (kano.is) [0.9% PPLNS] US,D on: January 21, 2016, 01:08:27 AM


The total number of such transactions exceeds 200.


Why not Mine to your own Wallet and just transfer to Fiat exchange such as Coinbase in large chunks when needed?
Avoid the 200+ transactions.

As for Tax purposes in USA, everyone should already be documenting their Fiat to BTC transfers and vice versa.  Fiat to BTC would go into a "Hold" account.  Then sales of BTC to Fiat would be removed from "Hold" account.  If more comes out than goes in, it becomes Capital gain and declared as such.  If you have sold all BTC and are under than you'll file a capital loss.  This should be done regardless of documents received as an audit will make resolution of those transactions a necessity.  1099k will put you under the microscope for audit for sure.  #1 cause for small business audit is discrepancy of reported income vs sum total of 1099's reported.  You'll need all your ducks in a row because an audit is highly likely if they are reporting all transfers as "payments" on the 1099k and you are not including those transfers in your over all "earned income" field.


Totally agree...

 

DMWARD...jr
over 10 posts a day, moron, are you lonely or just a idiot?  You must miss acting like a teacher. You are a lonely
 MORON.
 
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