Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3

[castiel0504]

I'm from Germany.
 

One question regarding that? Have you ordered any miner from Bitmain? I am asking that because i got supplier from Germany. And she wants to sell me for Regular Bitmain price + PSU(Bitmains) around 1500$(S9) she can order D3 as well at any time(she says she has direct contact from Bitmain, and that shipment arrives around 3-4 days with DHL. IS / HOW is that possible? Asking because i understand how Bitmain works... Order > 2-3 months later you get your order. Is there some kind of advantage because you are in Germany in therms of mentioned shipment time(3-4 days)

give her a chance.  maybe she says the truth.  Are you also living in germany?  If not please contact me if it not so far i will check it out for you.

Nope I am living like 3-4 countries away(Eastern Europe). I would come by car, and will do transaction hand to hand. I am very paranoid with buying from reselers or any other site(well you get the point). But if i order from Bitmain i have to pay customs like 550$ more less... And i am not willing to do that. Not willing to tell her location because of i dont know maybe i have tinfoil hat . Sent you pm about something

[castiel0504]

What is match ?
How to get ?
help me

Can you little bit more specific? What you are interested in ?

[willi9974]

if there need any a escrow in Germany, then PM me

--> https://bitcointalk.org/index.php?topic=1466069.0

[castiel0504]

if there need any a escrow in Germany, then PM me

--> https://bitcointalk.org/index.php?topic=1466069.0

Will keep you in mind. Will wait for few days to see how things develop, and if there is any shady thing. I know that i am paranoid, but i just want to avoid being scammed.

[Dopert]

]
what country are you in and do you have a link to them banning mining?

I am also curriuos. Maybe he ment Russia. They forbid home mining in appartments, because of fire hazerds.

[castiel0504]

]
what country are you in and do you have a link to them banning mining?

I am also curriuos. Maybe he ment Rassia. They forbid home mining in appartments, because of fire hazerds.

Ouch ... What about industrial mining? I mean like you make company that is just hangar and it has miners within itself?

[tw0rak]

]
what country are you in and do you have a link to them banning mining?

I am also curriuos. Maybe he ment Rassia. They forbid home mining in appartments, because of fire hazerds.

Ouch ... What about industrial mining? I mean like you make company that is just hangar and it has miners within itself?

Russia is not Europe
Also Russia is a friend of mining cos of they do have sources to have cheap electricity and want to use it.

I think this guy is a scammer (not sure, sorry for calling somebody scammer) but here in Europe is mining NOT anyhow regulated...
Or he is only afraid of not having his ROI...

[Dopert]

Geografficly Russia is part of Europe and Asia. Russia does not belong to the EU countries. Russia forbid home mining in appartments, but not industrial. Even the goverment are planning to build big miningfarms beside there nuclair energy plant. They wan't to compete with number one China.

https://news.bitcoin.com/russia-discusses-starting-cryptocurrency-mining-with-its-20-gigawatt-surplus/
https://news.bitcoin.com/russian-governor-cryptocurrency-miners-mining-farms-leningrad/

[dashdash]

]
what country are you in and do you have a link to them banning mining?

I am also curriuos. Maybe he ment Rassia. They forbid home mining in appartments, because of fire hazerds.

Ouch ... What about industrial mining? I mean like you make company that is just hangar and it has miners within itself?

Russia is not Europe
Also Russia is a friend of mining cos of they do have sources to have cheap electricity and want to use it.

I think this guy is a scammer (not sure, sorry for calling somebody scammer) but here in Europe is mining NOT anyhow regulated...
Or he is only afraid of not having his ROI...

I'm from an EU country, but living in Ukraine, where we have cheap electricity at 0.065 USD/kWh - so trust me, nothing I'd rather do than mining these machines and getting 20-30 % per month - where else can you get that return?

problem is, that they just forbid mining in Ukraine. I have a company in EU where im having the miners delivered to (as Bitmain doesn't ship to Ukraine).

If Bitmain will not change shipping address, will simply re-route via UPS directly. Everything will be transparent, I don't have anything to hide. Serious comments and suggestions are welcome as to how to solve the problem in case Bitmain will not help...


Not afraid of not having ROI - these miners will pay back faster than any other mining options out there anyway.

And BTW

[RealKariverson]

I think mining is technically illegal in Europe as it's illegal to print money/ generate currency. But I'm not sure if there are specific laws or they can apply or warp existing laws to target mining.

[Tai_Pan]

I think mining is technically illegal in Europe as it's illegal to print money/ generate currency. But I'm not sure if there are specific laws or they can apply or warp existing laws to target mining.

In most of the EU countries the crypto / mining thing has a grey statute.That meaning that there is no law to support it or to condemn it.

[Albortz]

I think mining is technically illegal in Europe as it's illegal to print money/ generate currency. But I'm not sure if there are specific laws or they can apply or warp existing laws to target mining.

In most of the EU countries the crypto / mining thing has a grey statute.That meaning that there is no law to support it or to condemn it.

What he said, furthermore, once 1 country officially allows it or has a ruling, you can sue your government for interfering with your right to a free market.

Germany had a ruling that for every transaction done with BTC you need to add 19% VAT on top. So let's say you sold 100€ of BTC to a business they paid 119€ and got 19€ back in taxes from the state.  If you sold to a private person you sold BTC worth 100€ and had to pay 19€ to the state or your customer had to pay 119 for 100 real value...

The EUGH changed that after someone in Sweden I believe sued the government, now it is the law in all european countries that you cant add VAT on top of Bitcoin sales

[Dopert]

I think mining is technically illegal in Europe as it's illegal to print money/ generate currency. But I'm not sure if there are specific laws or they can apply or warp existing laws to target mining.

In most of the EU countries the crypto / mining thing has a grey statute.That meaning that there is no law to support it or to condemn it.

What he said, furthermore, once 1 country officially allows it or has a ruling, you can sue your government for interfering with your right to a free market.

Germany had a ruling that for every transaction done with BTC you need to add 19% VAT on top. So let's say you sold 100€ of BTC to a business they paid 119€ and got 19€ back in taxes from the state.  If you sold to a private person you sold BTC worth 100€ and had to pay 19€ to the state or your customer had to pay 119 for 100 real value...

The EUGH changed that after someone in Sweden I believe sued the government, now it is the law in all european countries that you cant add VAT on top of Bitcoin sales

Its also in The Netherlands. It will be taxt as private goods (box 3 = like 1,2% a year) and not taxable by transfering it to a other person or company.

I also informed by the tax institution how home mining must be taxt. They said it must be taxt as income (box 1 = about 40% a year). I disagreed with then because its pure speculation (look at the risk investment of the D3) for me, just like stock exchanges that are also hold in box 3. I informed an accountant he said home mining is indeed the low tax rate. It is a little bit grey area, because there is no case law spoken by a judge. So if the D3 gives me profit i will let it taxs on the low rate. I also have legal insurrance cover within the Netherlands, so i am save and nothing illegal.

Sortly said the define cloudmining in the low rate taxs and home mining (advice by goverment legal tax employee, not statet by law)  in the high rate income tax, because you did put some effort in it (pff, yea right.. log in to the miner and config pool and wallet by the pool)

[isukabtc]

Hello guys, Im curious about D3
1. What chip series antminer use ?
2. What is D3 default core clock speed ? (not mining speed)

Thanks..

Still curious, any info guys ?

[Dopert]

This is a printscreen from ealier post. Do you mean the frequency (487)? About chipset i believe its the 16nm.

[Albortz]

I think mining is technically illegal in Europe as it's illegal to print money/ generate currency. But I'm not sure if there are specific laws or they can apply or warp existing laws to target mining.

In most of the EU countries the crypto / mining thing has a grey statute.That meaning that there is no law to support it or to condemn it.

What he said, furthermore, once 1 country officially allows it or has a ruling, you can sue your government for interfering with your right to a free market.

Germany had a ruling that for every transaction done with BTC you need to add 19% VAT on top. So let's say you sold 100€ of BTC to a business they paid 119€ and got 19€ back in taxes from the state.  If you sold to a private person you sold BTC worth 100€ and had to pay 19€ to the state or your customer had to pay 119 for 100 real value...

The EUGH changed that after someone in Sweden I believe sued the government, now it is the law in all european countries that you cant add VAT on top of Bitcoin sales

Its also in The Netherlands. It will be taxt as private goods (box 3 = like 1,2% a year) and not taxable by transfering it to a other person or company.

I also informed by the tax institution how home mining must be taxt. They said it must be taxt as income (box 1 = about 40% a year). I disagreed with then because its pure speculation (look at the risk investment of the D3) for me, just like stock exchanges that are also hold in box 3. I informed an accountant he said home mining is indeed the low tax rate. It is a little bit grey area, because there is no case law spoken by a judge. So if the D3 gives me profit i will let it taxs on the low rate. I also have legal insurrance cover within the Netherlands, so i am save and nothing illegal.

Sortly said the define cloudmining in the low rate taxs and home mining (advice by goverment legal tax employee, not statet by law)  in the high rate income tax, because you did put some effort in it (pff, yea right.. log in to the miner and config pool and wallet by the pool)

I'm not an expert on Dutch tax law, but since I also have a business in the netherlands I can say your tax accountant is right and wrong at the same time.  

First of all it's not speculation. It would be if you bought the miner and sold it right away or within the given timeframe (germany 12 months)  in that case the profit arising from the sale would be speculative.

Mining, on the other hand, is not speculation. you are running a business since you bought it with the intention to make money and with the fact that these miners are still making money despite the rising diff you will have a hard time arguing.

The problem will be, if you do it privately as a home miner or if the belastingdienst  will argue it is a business with the intention of making moeny. (Long lasting, repeating and operating in a surplus)

Since that is not clear (same in poland,germany and switzerland) you might have good chances to dodge a bullet (unless you got like 50+ miners)

[isukabtc]

https://i.imgur.com/3lWeGdN.png

This is a printscreen from ealier post. Do you mean the frequency (487)? About chipset i believe its the 16nm.

Yes it is.. Sometimes seller sells bad batch (let say it can only run 14ghs) but they overclock it to 15ghs+ WHILE it will void its warranty.. What I want to know is 487 the default speed ?

Chip series for the miner. Example antminer S9 using BM1387 but I cant find D3 chip everywhere.. Any info anyone ?

Thanks mate..

[Dopert]

@Albortz; Yes de belastingdienst. The accountant did not compar it with speculation investment, but i did because its a gamble if there gone be profit  And yes the amount of profit does count. The accountant first said that home mining is taxable in box 3 solong there is no law for it. But he was intrested in the amount. I said dont know. Can be 100 euro a month or 10.000 euro (i orderd 4x D3). Then he said he needed al the variables of generating the crypto. So a little mining (hobby wise) is not so intresting, but if you can pay your mortgage with it then it becomes diffrent  that is exactly what i was hoping. Never gone make it. I already presold 3x D3.

[Dopert]

Good news. If i get it right a X11 network is going to expand, creamcoin.

https://creamcoin.com/index.html
https://bitcoinist.com/wu-tang-clans-ghostface-killah-to-launch-cream-ico/
http://cream.technology/index.php/technology/132-hardware

[bytiges]

IMHO, if you're a business and buy the miners, you write them as expense as you would do with any other expense you have for running business.
If you're a private person, you can't do the same.
Now, reasoning on the earnings and relating taxes, you're not strictly producing money, because crypto has no money status. At max, you're producing goods like you would with any other type of manufacturing. You owe taxes only when you sell the goods and transform them into money. As a business, you'd owe taxes on the excess of earnings on top of your expenses. As a private person, you owe taxes on top of everything, and cannot deduct the expenses.
You can't be taxed for holding crypto in a wallet, the same way you're not taxed for holding stock. It's only when you sell stock and only on your net gains.