Mining and trading coins for a living.

[dabjanka]

Most people involved with e-currency use it as an enhancement to their salary, or use it for other activities altogether.
I would like to do this whole trading/mining thing 100% on the books. Because I don't know about all of you but I didn't make the best life choices and most of my career options are shit tier at best. I matured a little too late bla bla bla, this isn't a sob story…
Are there any guides, information, advice, forums or places to check on how to do this so I can live as a tax paying citizen declaring all of my gains and losses and therefor i can buy stuff that costs more than 9,999$ without trouble….

[kiderino]

If I was mining with 125 GH/s would you join a pool or keep it solo?  We have zero electricity cost, and the total investment is around 28k.  However, we have yet to find a pack, and want to try and make something back

[neordicICE]

If I was mining with 125 GH/s would you join a pool or keep it solo?  We have zero electricity cost, and the total investment is around 28k.  However, we have yet to find a pack, and want to try and make something back

125 GH/s for 28k USD, today wow.

Join a pool, you will have much less variance than solo mining

125 GH/s = about 0.1 BTC daily at today difficulty at pool. You might solomine one year and still have 0 BTC or find 25 BTC next day.

BTW difficulty might be 2+x higher early next year

[DustyRah]

If I was mining with 125 GH/s would you join a pool or keep it solo?  We have zero electricity cost, and the total investment is around 28k.  However, we have yet to find a pack, and want to try and make something back

BFL 60 singles selling at about $3k on Ebay right now...120Ghz would be about $6k...where is this $28k investment going for 125Ghz...

Also, 125Ghz is very little given the rate at which difficulty is going up...join a pool as 125Ghz is quite tiny these days and you would need some major luck on your side to mine off a block solo.

[kiderino]

We invested in a 60 gh/s box in late july early august, and also had a super computer that is worth 12k that can do 65 gh/s.  That is why the investment is so high.  I know we overpaid even then, but I was a noob and kind of got talked into it.  If we only just bought bitcoins then, life could be a little different.