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Chat archive · 2017-10

dog1965 · · #40069

ddisipate heat by brining to top heat rises.

dog1965 · · #40070

disipate dam keyboard.

3Moose · · #40071

it works well on the older machines... not heard good results with the newer machines.

dog1965 · · #40072

very expensive for the right oil though n ot just amy oil.

dog1965 · · #40073

not

dog1965 · · #40074

any

3Moose · · #40075

still, cheaper than a full exhaust system over the long haul.

dog1965 · · #40076

true check out this link. https://www.youtube.com/watch?v=HcBTYOOXX2o

dog1965 · · #40077

I liker that idea lol.

dog1965 · · #40078

Just dont use the wrong oil or poof!!!!!!

dog1965 · · #40079

you just have to make sure the oil stays cool though.

Forum notification · · #40080

has started a new topic: New Fork

dog1965 · · #40081

3Moose wrote: has started a new topic: New Fork
huh ?

3Moose · · #40082

the impending BTC fork. Segwit2.0

3Moose · · #40083

SegWit2x to be percise.

dog1965 · · #40084

3Moose wrote: SegWit2x to be percise.
why is everyboddy going crazy with that ????

3Moose · · #40085

markets hate the unknown.

3Moose · · #40086

this remains a big unknown

AppleMiner · · #40087

the coins arent splitting this fork

AppleMiner · · #40088

from what i read on segwit2X

AppleMiner · · #40089

maybe people think fork = split and thats why btc going up, people buying in hoping to get as many of a new coin like BTCcash did

3Moose · · #40090

I referring more to have will treat the different streams and how the market will price the competiting platforms.

dog1965 · · #40091

wow 1 btc=5,807 usd wish I had a warehouse full of S9’s right now!!!

3Moose · · #40092

I’m referring more to how the market will treat the different streams and how the market will price the competiting platforms.

AppleMiner · · #40093

in my mind im still not making any more than I was last week

AppleMiner · · #40094

im still getting the same .33 ltc a day

3Moose · · #40095

how is that possible? I am make 50% more.

dog1965 · · #40096

hmmm, those china men are the best at figuring that out.

AppleMiner · · #40097

the LTC value has gone up, but its still the same percent its been for a week

AppleMiner · · #40098

50$ more money?

AppleMiner · · #40099

50% more money or 50% more coins of your payout choice?

dog1965 · · #40100

AppleMiner wrote: in my mind im still not making any more than I was last week
hodini is back.

3Moose · · #40101

I made $482 last sunday, and I have made 626 so far today.

AppleMiner · · #40102

and last sunday you made 10 coins and today you are making 10?

3Moose · · #40103

511 last saturday.

3Moose · · #40104

ok, you are referring to count of coins it looks like, i am talking about value.

dog1965 · · #40105

I cant compete with you big ddogs going to have a cold one see ya.

dog1965 · · #40106

ddogs

dog1965 · · #40107

dogs

3Moose · · #40108

g night

AppleMiner · · #40109

and if you are holding all the coins until the same price and selling they are one in the same, so IN MY MIND, i am NOT earning anymore than I was a week ago?

AppleMiner · · #40110

im selling my LTCs at $200

AppleMiner · · #40111

so last week I made .33 each day, today and yesterday the same

AppleMiner · · #40112

to me, every 3 days I make 200 bucks

3Moose · · #40113

ok, i get what you are saying now.

AppleMiner · · #40114

and thats how I go. when they hit $200 then that will be a reality, now its just a dream.

AppleMiner · · #40115

yes if you are selling the coins daily and banking them in the bank

AppleMiner · · #40116

then yes 50% more than last week for cash deposits

AppleMiner · · #40117

but if you are holding them til they hit a value, last week, last 2 weeks, next 2 weeks, all the same until more miners come out

3Moose · · #40118

I have so sell as part of the cost of business, but i do hold most.

3Moose · · #40119

I make about 9.x LTC a day....

AppleMiner · · #40120

i was looking at green's post, how do you hadnle your taxes on the profits?

3Moose · · #40121

i have an LLC and they are taxes as such.

AppleMiner · · #40122

how much of a percent?

3Moose · · #40123

the net LLC income passes to me personal income tax statement.

AppleMiner · · #40124

you dont have to LLC do you to still claim and pay taxes on the electric, the cost of the miners, the space to run them in?

AppleMiner · · #40125

you can run miners as just personal income right?

3Moose · · #40126

Not totally sure. The question the IRS will ask is if you are running it as a business or a hobby.

AppleMiner · · #40127

as income cashflow

3Moose · · #40128

If its a hobby, you generally can not deduct things like electric (so I have been told) but a business can.

AppleMiner · · #40129

or do i just sell the coins, list it as capital gains, put in the cost of the electricty and miners and pay 33% on the porift

AppleMiner · · #40130

be nice to wait 1 year and only pay 15%

AppleMiner · · #40131

and I should be able to if I wanted to, 1000 for a year for electricy isnt that much i would need to cash coins in yet

3Moose · · #40132

the rules around this are still very vague. I run it as a business so that I can max my deductions.

AppleMiner · · #40133

id run it as personal and if the deductions are bigger than the standard ill write them in

3Moose · · #40134

keep in my mind electric bill is about 1600 a month

AppleMiner · · #40135

if I worked at a place with a uniform, needed to do my job it could be deducted

AppleMiner · · #40136

yours maybe but your making the 9 LTC a day

AppleMiner · · #40137

just will 1600 for miner + 1000 for electric be over my stanrd deductible?

3Moose · · #40138

yes, it is very profitable for me right now.

3Moose · · #40139

you can not deduct the whole miner value

3Moose · · #40140

(generally)

3Moose · · #40141

you need to depreciate it like any other capital asset.

AppleMiner · · #40142

that kinda sucks

AppleMiner · · #40143

ok that makes more sense

3Moose · · #40144

its complex stuff brother...

AppleMiner · · #40145

based on the halflife of how long they will be profitable?

3Moose · · #40146

I got an A in tax law and I still call the accountants.

AppleMiner · · #40147

or is that a hand it to your CPA and walk away until you get the bill

AppleMiner · · #40148

stoneminer

3Moose · · #40149

my plan is to deduct 75% in year one, and 25% in year two. But ... that is still up in the air.

AppleMiner · · #40150

that reminds me of a college buddy john stonebringer

AppleMiner · · #40151

please keep me informed if that goes through

AppleMiner · · #40152

75% deduction would be a good starting point

3Moose · · #40153

alright, I need to have an oreo before someone tells me "I don’t understand" his complex points on the forums again....

AppleMiner · · #40154

thinking they wont last more than 2 years before being obsolete, they wont let you take 100 % the first year and nothing the rest?

AppleMiner · · #40155

i dont think you are understanding

AppleMiner · · #40156

people are writing spams

AppleMiner · · #40157

and it bothers their inner child

3Moose · · #40158

exaclty.... so hard to understand....lol

3Moose · · #40159

you can do 100% ... just harder to justify in an audit.

AppleMiner · · #40160

heres your green participant trophy, now go stand with the other special snowflakes.

3Moose · · #40161

exactly.....

AppleMiner · · #40162

oh yeah im sure anything miner related liekly to be audited.

AppleMiner · · #40163

since its still so new

AppleMiner · · #40164

yet no one knows

AppleMiner · · #40165

maybe ill just FORGET for 5 years and how for some IRS amnesty

AppleMiner · · #40166

hope

bney · · #40167

Is there an issue with scrypt connections? All of my miners refuse to connect to prohashing

dronKZ · · #40168

yes immediately on the reserve are included