Chat archive · 2018-01

only one*

Obelisk and Siacoin are the same company

Nebulos

Nebulous*

yeah

i have an Obelisk, just not a siacoin one

A3 supposedly sold 20K units, if prices stay the same should take you 48 days to ROI, which theoretically, should be before any soft fork, if they do it.

but, who knows if bitmain will sell more, the coin my skyrocket in value too

i mined it awhile ago with GPUs, before i ever got my L3+, was my first coin i mined

lol

luxor says they will, but, who knows

that’s what they say, but realistically, no clue

i think i used siamining

yeah

bitmain is having problems with their siacoin pool apparently

even if siacoin softforks i’m sure someone else will make a coin on blake2b

yeah

I started with siacoin as well, used siamining.com

Luxor takes 10% however, to give to back to the Devs

And vorick wrote a super long blog about Asics being good for cryptos, hard for him to back out now, tho they can softfork it

Whole problem has been this 8-10 month waiting for the miners, bitmain is not the only one with blake2b algo, baikal b can do it too, but only 80 GH

In any event, always liked Sia, still do, and hope it goes to 10 cents or more again, i mined 27k with my gpus these ladt 4 months

If they hardfork it doesn’t invalidate that Obelisk SC1, only the A3

softfork*

Is it possible to export our earnings to a CSV of excel file?

@Aura89 there is no chance they will hard fork it

is there anyway I could contact Steve?

made out better solo mining here yesterday

I got paid in a new coin (for me) last night... Linxcoin. Anyone know when that pay out occurs? I got my other payouts already and its above the threshold.

@mjl13 :  that’s a good joke.

We all need to fight for " The CryptoCurrency Tax Fairness Act" It is imperative that it pass into law. It will allow trasactions under $600 PER TRANSACTION to be TAX FREE! That would allow PH’s small micro payment model to be tax free. A may payout threshold could be set at $599. Thus each payout would be TAX FREE!

may = max*

Capital gains are up to the coin owner to report or not . nobody elses business, but PH withholding payment until 1099 is only increasing payout to above the $600 level

Banks are only liable to report CASH transactions over $10,000. They generally do not bother with wires etc

Yes the 1099 form here will, but if The Bill passes then the 1099 form will no longer be required.

US banks are seeing their depositers withdraw money at an extremely high rate at the moment... the cash is being witdrawn and converted to BTC ETC. I have a feeling the banks will keep their customers privacy respected for customer moving cash back into their vaults.

A BILL To amend the Internal Revenue Code of 1986 to exclude from gross income de minimis gains from certain sales or exchanges of virtual currency, and for other purposes. 1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 3 SECTION 1. VIRTUAL CURRENCY. 4 (a) IN GENERAL.—Part III of subchapter B of chap5 ter 1 of the Internal Revenue Code of 1986 is amended 6 by inserting after section 139F the following new section: VerDate Sep 11 2014 21:46 Sep 14, 2017 Jkt 069200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H3708.IH H3708 asabaliauskas on DSKBBXCHB2PROD with BILLS 2 •HR 3708 IH 1 ‘‘SEC. 139G. GAIN FROM SALE OR EXCHANGE OF VIRTUAL 2 CURRENCY. 3 ‘‘(a) IN GENERAL.—Gross income shall not include 4 gain from the sale or exchange of virtual currency for 5 other than cash or cash equivalents. 6 ‘‘(b) LIMITATION.— 7 ‘‘(1) IN GENERAL.—The amount of gain ex8 cluded from gross income under subsection (a) with 9 respect to a sale or exchange shall not exceed $600. 10 ‘‘(2) AGGREGATION RULE.—For purposes of 11 this subsection, all sales or exchanges which are part 12 of the same transaction (or a series of related trans13 actions) shall be treated as one sale or exchange. 14 ‘‘(c) VIRTUAL CURRENCY.—For purposes of this sec15 tion, the term ‘virtual currency’ means a digital represen16 tation of value that is used as a medium of exchange and 17 is not otherwise currency under section 988. 18 ‘‘(d) INFLATION ADJUSTMENT.—In the case of any 19 taxable year beginning in a calendar year after 2018, the 20 dollar amount in subsection (b) shall be increased by an 21 amount equal to— 22 ‘‘(1) such dollar amount, multiplied by 23 ‘‘(2) the cost-of-living adjustment determined 24 under section 1(f)(3) for the calendar year in which 25 the taxable year begins, determined by substituting VerDate Sep 11 2014 04:09 Sep 12, 2017 Jkt 069200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H3708.IH H3708 asabaliauskas on DSKBBXCHB2PROD with BILLS 3 •HR 3708 IH 1 ‘calendar year 2017’ for ‘calendar year 1992’ in sub2 paragraph (B) thereof. 3 Any increase determined under the preceding sentence 4 shall be rounded to the nearest multiple of $50.’’. 5 (b) CLERICAL AMENDMENT.—The table of sections 6 for part III of subchapter B of chapter 1 of such Code 7 is amended by inserting after the item relating to section 8 139F the following new item: ‘‘Sec. 139G. Gain from sale or exchange of virtual currency.’’. 9 (c) REPORTING OF GAINS OR LOSSES.—The Sec10 retary shall issue regulations providing for information re11 turns on virtual currency transactions for which gain or 12 loss is recognized. 13 (d) EFFECTIVE DATE.—The amendments made by 14 this section shall apply with respect to transactions en15 tered into after December 31, 2017.

Apple , you obviously do not understand how banks work

Go ask a bank teller what their reporting requirements are for cash deposits. They will tell you that they are mandated to file a report for cash deposits over $10,000. They will also tell you that they can volentarily report smaller transactions if the customer is suspicious. That the the law of the land at the moment

Yes I have cash

not true

10k

It has been going well for 25 years

but obviously 9999 will trigger a suspicious transaction

Banks are required to file a Bank Secrecy Act Currency Transaction Report for cash deposits over $10,000. A copy of this form is sent to FinCEN, a division of the U.S. Treasury which is responsible for detecting money laundering and other financial crimes.Oct 4, 2017

Of course the 10000 limit is dumb because since it was enacted inflation has made the same $10000 now worth $100,000

SO your $6000 is BS

That is exactly waht I said. Manditory or 10k volentary under 10k if you are suspicious

Is is upto the teller,,, is you look like you just robbed teh 7-11 or smell like a methlab, then the individual teller may report

I do not need luck