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Chat archive · 2018-01

FastCashMining · · #70192

like you know power is flowing through it

greaseman316 · · #70193

put them in different room so maybe you get lucky and not on same circuit

deathlessdd · · #70194

yeah

deathlessdd · · #70195

But i can hold onto it and it doesnt feel like its gonna burn my hand

deathlessdd · · #70196

cause those plugs cant handle being hot for long periods of time they will degrade

deathlessdd · · #70197

and eventrally could melt and start a fire

FastCashMining · · #70198

yea thats true it doesnt feel like it will burn my hand but does feel noticeably warm

deathlessdd · · #70199

ive seen it happen

greaseman316 · · #70200

2 together will pop 15 quickly and 20 may over heat and pop when no one is around

FastCashMining · · #70201

i think it would pop before melt

greaseman316 · · #70202

you dont really want either

deathlessdd · · #70203

Sometimes they do

FastCashMining · · #70204

lol yea i know i dont want either but

FastCashMining · · #70205

id rather not be mining and still have a home

deathlessdd · · #70206

it wont be worth it if it burns ur house down

FastCashMining · · #70207

exactly

deathlessdd · · #70208

Like mine I have a temp gun to test it

FastCashMining · · #70209

part of the problem with going on vacation

deathlessdd · · #70210

Yeah

deathlessdd · · #70211

you really cant

deathlessdd · · #70212

I dont trust these chineze shit

FastCashMining · · #70213

had to come see my mom =P

deathlessdd · · #70214

I wont run it if im going on vacation

deathlessdd · · #70215

there PSU they call a server psu i dont even trust

deathlessdd · · #70216

shit isnt even UL rated

deathlessdd · · #70217

so if it burns ur house down insurance wont cover it

FastCashMining · · #70218

but arent you losing money deathless?

deathlessdd · · #70219

Of course

FastCashMining · · #70220

if you go on vacation for a week dont you lose all that income

deathlessdd · · #70221

but i rather loose money then loose a 900k house

deathlessdd · · #70222

lol

deathlessdd · · #70223

with all my belongings

FastCashMining · · #70224

when im in the hole 6000 i cant afford that!

deathlessdd · · #70225

and a 6000 dollar gaming rig

deathlessdd · · #70226

if it burns my house down

deathlessdd · · #70227

i loose everything

deathlessdd · · #70228

If i go short vacations i put a camera on it and plug it into a wifi controlled plug

deathlessdd · · #70229

so i can controll it

deathlessdd · · #70230

and thats like a 2hr drive away

deathlessdd · · #70231

and gone for 2 days

deathlessdd · · #70232

I dont even trust my desktop running without me home since its watercooled shit mine leak and short my entire system

Searing · · #70233

Well with the 1099 stuff I’m out...I’m completely legal...but I think PH will find itself in the same position as Coinbase...as soon as IRS finds out they are the only pool with 1099’s they will go fishing

Searing · · #70234

I prefer to do my taxes correct on diff pools w/o the need for 1099’s and they can find me and audit me

Searing · · #70235

with other businesses and not pick me out as a mass filing as they did with coinbase...the dreaded

deathlessdd · · #70236

only if ur american

Searing · · #70237

’inform the IRS of the source of your funds" fishing letter ...shudder...so I’m back to Litecoinpool as

Searing · · #70238

soon as the data hall can move that backup pool and delete ph info...sorry guys...but I’m NOT an employee

Searing · · #70239

of PH and with New USA rules am NOT gonna figure out capital gains each time I switch coin payouts

deathlessdd · · #70240

me to

deathlessdd · · #70241

fuck taxes

Searing · · #70242

so I’m gone....I think they are gonna be surprised how many miners walk....we have enough issues with

deathlessdd · · #70243

used to be people who make 20k worth of coins

deathlessdd · · #70244

now its the small people

greaseman316 · · #70245

:o :o :o

Searing · · #70246

doing taxes correctly rather then see the pool add us to coinbase type IRS gains imho

Searing · · #70247

I mean really $600 bucks..really :)

deathlessdd · · #70248

yeah

deathlessdd · · #70249

kinda retarded

Searing · · #70250

as to the only if you are an american....won’t apply...once they have the IRS involved...you could

deathlessdd · · #70251

in the usa if you make less then 3000 u dont have to file

Searing · · #70252

have your overseas info asked for .....and provided....once the crack is open that you are an ’employee’ here

FastCashMining · · #70253

i may try to start an LLC and try to write off the deduction for the purchase of equipment

Searing · · #70254

and need a 1099 it is not a big leap for all info to be provided to whomever

deathlessdd · · #70255

having to pay taxes is kinda stupid since we still have to pay our powerbills to make money

Searing · · #70256

as I mine all to LTC anyway (currently doing verge if they cut me off for over 600 bucks big whoop) before I get my miners switched..it makes no sense with issues here not

Searing · · #70257

just to go back to litecoinpool and mine LTC direct on an out of USA pool w/o these headaches

deathlessdd · · #70258

well nicehash is doing the samething though

deathlessdd · · #70259

though coinbase now

Searing · · #70260

all my LTC mining is on same LTC address for last 3 plus years and I’m IRS compliant...but really don’t want

deathlessdd · · #70261

but since im not in USA they cant tax me

Searing · · #70262

the usual blanket ...’what is the source of your funds’ letter that they tried to pull on coinbase

Searing · · #70263

I doubt these guys would have $$$ to fight it...and don’t need the attention esp that I’m legit

deathlessdd · · #70264

so ill make 599 dollars and cash out

Searing · · #70265

also the 1099 assumes you have an biz ID number...so hobby miners get one or you are out as well

deathlessdd · · #70266

then move

deathlessdd · · #70267

to another pool

deathlessdd · · #70268

lucky for me i dont make 600 a month yet

Searing · · #70269

I"m legit ...I’ll just stay on pooler’s pool he is outside the usa ...they can take the trouble to track my LTC blockchain for 3 years if they have issues

deathlessdd · · #70270

or is 600 a year

greaseman316 · · #70271

but see even if you are not in this country if you earn money here it is a taxable income which is going to be a clusterfk if irs ever does come in and check

deathlessdd · · #70272

true

Searing · · #70273

fastcashmining I asked my cpa abou LLC in that I make money out of air (legal drug lord $$$) she said don’t make any diff unless computer equip/build a data hall or miner eguip I pay taxes

FastCashMining · · #70274

for most people its not enough income for the fed to care

Searing · · #70275

even asked about solar on roof of house for miners was a no go and I made 100k last year...sucks

deathlessdd · · #70276

hmm

deathlessdd · · #70277

fuk the IRS

deathlessdd · · #70278

im not paying them

deathlessdd · · #70279

if im not in the USA

FastCashMining · · #70280

you can dodge taxes

FastCashMining · · #70281

but they will get you

greaseman316 · · #70282

let em try to track my dash coins lololol

deathlessdd · · #70283

lol

FastCashMining · · #70284

avoiding taxes isnt illegal

FastCashMining · · #70285

EVADING is a federal offense

Searing · · #70286

well.....IF EVERYBODY DOES IT that is maybe a diff kettle of fish...I’m just saying PH being 1st and probably only

FastCashMining · · #70287

avoiding taxes is smart

deathlessdd · · #70288

well i say fuck usa

Searing · · #70289

i see that ’source of funds letter" had that happen with SEC because my bank told them I was illegal because in

deathlessdd · · #70290

trying to tax us

greaseman316 · · #70291

they have to prov i actually made money