Discussions from -
R5:
https://bitcointalk.org/index.php?topic=304377.0R6:
https://bitcointalk.org/index.php?topic=305886.0Should be moved here.
FWIW: Hosting prices were actually reduced so that we can hash profitably for longer.
Also: -R- opted to do payouts on the 1st and 15th since he's handling payouts for these rounds. Just means the payouts are about 1/14th larger and we wait one more day.
Cheers!
P.S. Apologies to anyone's PMs I missed. Buried w/ my usual PM avalanche on top of work IT emergencies, co-op site redesign, future GB planning, as well as business setup and biz planning on the pro side.
Just not enough hours in the day even though I'm down to 3 days right now at the lab.
Thank you. For combining the 2. I am looking forward to the payout tonight. we are at about 8.66 + 8.51 = 17.18 coins for the 2 rounds.
that is around 8.5 btc a round or .085 a share.
I have 19 shares or about 1.615 btc all estimated but close. 1.615 at 420 usd is 678 usd. pretty good.
To expand on profits.. If you cashed coins each and every day you got paid from this group you would have less then if you had held all the coins up until today. The advantage of cashing out the day of payment in btc is ease of us tax return. you can base your profits in usd more like a gold miner. hold the coins more then a day will complicate your tax calculations..
(why? once you hold the btc for any length of time you need to calculate the loss gain of it for the time held in usd). any how or any way. even if you cashed the btc the day it was paid you will be in the black with todays payout.
My 19 shares were 78 usd each or 1482 usd. if I held all coins including todays my total btc would be would be about 6.20 at todays price in usd about 2604.
if I cashed the same day I got my btc the prices of btc have moved up I would have only 1529….. Either method of cashing out I am ahead..
one method I am ahead 1122 as 2604 - 1482 = 1122 usd. this was the hold on to your coin method….
I would have 1529 - 1482 = 47 usd the sell right away method….
that extra 1075 is due to btc price rise. kind of like digging up gold in a mine. holding the gold and hoping gold price rises. Or being paid in stock then hold it waiting for a price rise.
I have a tax background . I can not say what all rulings will be by the USA on the tax accounting law for these coins. So hold these btc rather then cashing them will affect you tax wise in an unknown way. Cashing them the day you get them is easy to understand profit, but I am not sure if it works better taxwise. My guess is cash them out.
but it is a guess What is also nice is the next jump may be under 20% I see 510 to 572 here
http://bitcoincharts.com/I see 510 to 608 here
http://bitcoinwisdom.com/bitcoin/difficulty
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