Bitcoin Forum
June 14, 2024, 02:48:41 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Until when?  (Read 626 times)
philipma1957
Legendary
*
Online Online

Activity: 4158
Merit: 8034


'The right to privacy matters'


View Profile WWW
May 05, 2021, 06:50:29 PM
 #41

I just got a new price for the 3060 12gb --> 1499 usd, welcome to dementia gentlemen hehe

I am confused as to when to start selling the GPUs

For 580 GPU, currently one could get $450

After paying to ebay/Paypal (12%) we are left with 396

Then paying to IRS with 35% left with  $257




sell every older card you have.

only keep nvidia 3000
and amd 5000/6000 cards.

once you sell every older card. send in an upfront tax payment to irs and your state.

ie 4500 in sales of old cards means 3960 after ebay/paypal fees.

and 2570 after taxes  maybe 2300 due to state tax.

take that 2300 or 2570 and put ⅓ into the bank ⅓ into btc ⅓ into cash for buying btc if there is a strong drop in price.


▄▄███████▄▄
▄██████████████▄
▄██████████████████▄
▄████▀▀▀▀███▀▀▀▀█████▄
▄█████████████▄█▀████▄
███████████▄███████████
██████████▄█▀███████████
██████████▀████████████
▀█████▄█▀█████████████▀
▀████▄▄▄▄███▄▄▄▄████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
CryptoATM
Member
**
Offline Offline

Activity: 368
Merit: 15


View Profile
May 05, 2021, 07:11:30 PM
 #42

I just got a new price for the 3060 12gb --> 1499 usd, welcome to dementia gentlemen hehe

I am confused as to when to start selling the GPUs

For 580 GPU, currently one could get $450

After paying to ebay/Paypal (12%) we are left with 396

Then paying to IRS with 35% left with  $257




sell every older card you have.

only keep nvidia 3000
and amd 5000/6000 cards.

once you sell every older card. send in an upfront tax payment to irs and your state.

ie 4500 in sales of old cards means 3960 after ebay/paypal fees.

and 2570 after taxes  maybe 2300 due to state tax.

take that 2300 or 2570 and put ⅓ into the bank ⅓ into btc ⅓ into cash for buying btc if there is a strong drop in price.


And here I am still storing some gtx1660s, I guess I'm doing the wrong thing, yesterday I nearly make up my mind to sell these cards and build a server with 100tb for chia farming but I still don't have the nerve, I believe that GPU mining is just way better
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!