Chat archive · 2018-01
deepenough · · #77865
just set my payout for ETH only but solo mine for DASH?
3Moose · · #77866
AppleMiner wrote: you never got it, so you havent ’earned it’ until you do and arent tax liable until you doOnly if YOU do not control when you get it. In this case, I do not control my payment.
AppleMiner · · #77867
im just going from what the IRS said, once you control the coins in your possesion
AppleMiner · · #77868
as long as they are on the pools wallet
deepenough · · #77869
not that thats a good idea or whatever just trying to learn.
AppleMiner · · #77870
and I cannot send them to another place from there, then I do NOT have control and cannot be taxed yet
3Moose · · #77871
AppleMiner wrote: im just going from what the IRS said, once you control the coins in your possesionThe IRS has only said it taxable once its mined. I have posted that.
AppleMiner · · #77872
no deep
AppleMiner · · #77873
solo only pays out in the coin you are soloing
AppleMiner · · #77874
you canoot set a coin of choice payout while solo mining.
deepenough · · #77875
solo mine means i’m being paid in that coin then.
3Moose · · #77876
3Moose wrote:Posession is matter of accounting rules around control.AppleMiner wrote: im just going from what the IRS said, once you control the coins in your possesionThe IRS has only said it taxable once its mined. I have posted that.
deepenough · · #77877
got it. thank you so much
AppleMiner · · #77878
you can its just ignored unless you are autopool mining, THEN you can choose a different coin payout
AppleMiner · · #77879
The IRS has only said it taxable once its mined. I have posted that. you would have to show me that then
AppleMiner · · #77880
that as soon as its mined its due, and not once you take controll.
3Moose · · #77881
AppleMiner wrote: The IRS has only said it taxable once its mined. I have posted that. you would have to show me that thenok... give me a second...
AppleMiner · · #77882
The IRS has only said it taxable once its mined.--but in order to something to be MINED, somethign has to be in possesion to have BEEN MINED. IE coins, gold bullion, $$$$$, crypto?
3Moose · · #77883
3Moose · · #77884
Q8
AppleMiner · · #77885
Yes, when a taxpayer successfully “mines” virtual currency, the fair market value of the virtual currency as of the date of receipt is includible in gross income
AppleMiner · · #77886
have you received it yet?
AppleMiner · · #77887
then NO
AppleMiner · · #77888
not until you take possesion in your accounting wallet
3Moose · · #77889
AppleMiner wrote: The IRS has only said it taxable once its mined.--but in order to something to be MINED, somethign has to be in possesion to have BEEN MINED. IE coins, gold bullion, $$$$$, crypto?Is it your positon, you can mine all your coins in an external wallet, and never take possession and avoid taxes as a miner?
AppleMiner · · #77890
if its an external wallet, dont you have controll over it?
3Moose · · #77891
AppleMiner wrote: if its an external wallet, dont you have controll over it?You do.
AppleMiner · · #77892
they you have possesion
AppleMiner · · #77893
if you mine all your coins into nicehash
AppleMiner · · #77894
and have never taken a payout
AppleMiner · · #77895
how many coins have you received this year?
3Moose · · #77896
AppleMiner wrote: they you have possesionI am not sure what we are discussing then.. lol
AppleMiner · · #77897
after the 64 million $ went mission
AppleMiner · · #77898
how many coins have you gotten from NH if you didnt take any payouts all year, and after the theft they never paid you>?
AppleMiner · · #77899
your point, correct? is you owe at the time it was made, wether you have them or not right?
AppleMiner · · #77900
my point is....
3Moose · · #77901
AppleMiner wrote: how many coins have you gotten from NH if you didnt take any payouts all year, and after the theft they never paid you>?If you kept 100% of your coins in NH ... you would have to pay the taxes.
has started a new topic: L3+ best settings
3Moose · · #77903
Hiding coins in your NH wallet does not magically stop the taxes.
AppleMiner · · #77904
nope it does not.
3Moose · · #77905
If you keep the money in YOUR HH wallet... you have a taxable event. I promise you.
AppleMiner · · #77906
but since I havent earned any coins this year
AppleMiner · · #77907
what do I get to write on the magicall 1099 i dont think we need, I mined 0 coins.
AppleMiner · · #77908
if I can sent the coins to another person to pay for items I have received the coins.
3Moose · · #77909
Ok. I think you will be sad when the IRS disagrees with you.
AppleMiner · · #77910
I have a value product I control I can use for payments if acceptable
AppleMiner · · #77911
ok I dont think Ill care
AppleMiner · · #77912
cause IM NOT MINING ANYMORE
AppleMiner · · #77913
im collecting a salary
AppleMiner · · #77914
so the whole issue is soo moot for me I care NOT.
3Moose · · #77915
Ok.
AppleMiner · · #77916
so pay your minable tax, your capital gains, your income and all the stuff in between, Ill pay my income tax as an independant contractor and call it a day, cuase the taxes on crypto are more headache than its worth
AppleMiner · · #77917
and betting half the people who need to file wont even bother
3Moose · · #77918
Anyway - Back to the issuse at hand.... STeve... can you look at my ticket before Verge hits .01 cents 
AppleMiner · · #77919
because they are not making it easy enough to do for the smaller people who are just dabbling
AppleMiner · · #77920
steve wont read the chat
AppleMiner · · #77921
steve wont read the emails
AppleMiner · · #77922
you really have to put in a ticket it is the only way
3Moose · · #77923
I thought you had like 15 machines>?
AppleMiner · · #77924
30
AppleMiner · · #77925
+
3Moose · · #77926
I did a ticket about 25 hours ago
3Moose · · #77927
so 30 L3,s or about 200K a year, is dabbling?
AppleMiner · · #77928
im not a dabbler
3Moose · · #77929
Man... I hope I get your IRS agent!
AppleMiner · · #77930
but im one of the people who files
3Moose · · #77931
Alright... its the wild wild west. I guess time will tell how they (the IRS) want to treat this stuff.
AppleMiner · · #77932
maybe not, after all the hassle he goes through with me, he looks at you and heads cryptoo he may just off himself.
3Moose · · #77933
I’m about to go XXX untis deep!
travelinmusic · · #77934
litecoin at $162. ... what a suckout
travelinmusic · · #77935
next stop $80, then $40
travelinmusic · · #77936
So much for the 1099 forms. no longer applicable.
Steve Sokolowski · · #77937
3Moose wrote: Anyway - Back to the issuse at hand.... STeve... can you look at my ticket before Verge hits .01 centsVerge is issuing a hard fork and therefore we can’t issue any payouts
Steve Sokolowski · · #77938
the daemon needs to reindex the blockchain with the new fork - this is something the Verge developers decided
Steve Sokolowski · · #77939
we’ll issue payouts as soon as the daemon finishes that
travelinmusic · · #77940
Bitbar payments not receiving in tested wallet since Jan 9
travelinmusic · · #77941
And $50 still missing from dollar. Ticket opened a month ago. New ticket opened today
pavvappav · · #77943
TFW the only coin up for the day is Teather.
alvarezgen · · #77944
Hey Steve, would you have any idea what I’m not getting my payouts on LTC?
fallingcurtain · · #77945
What a spectacular dump today.
fallingcurtain · · #77946
Just missed my 9800$ fill on btc by 300$ damn
fallingcurtain · · #77947
Might dump some more tonight though. Who knows what China will do
N00BMiner33 · · #77948
Are there any ongoing issues with Verge payouts? Currently i am sitting at over 201 earned with 154 payout due within 2 days and 3 hours. The payout amount and time has only grown.
3Moose · · #77949
N00BMiner33 wrote: Are there any ongoing issues with Verge payouts? Currently i am sitting at over 201 earned with 154 payout due within 2 days and 3 hours. The payout amount and time has only grown.@Steve Sokolowski : </strong> says the verge people are doing a hard fork and therefore he can’t pay use until after than is over. I don’t blame steve .. but I lost 50% of the coins value during the process. Hopefully it recovers.
3Moose · · #77950
@Steve Sokolowski : </strong> Do you know when the fork will happen and you can pay? Google is not giving much info....
N00BMiner33 · · #77951
3Moose wrote:N00BMiner33 wrote: Are there any ongoing issues with Verge payouts? Currently i am sitting at over 201 earned with 154 payout due within 2 days and 3 hours. The payout amount and time has only grown.@Steve Sokolowski : </strong> says the verge people are doing a hard fork and therefore he can’t pay use until after than is over. I don’t blame steve .. but I lost 50% of the coins value during the process. Hopefully it recovers.
N00BMiner33 · · #77952
\/ I just saw the post right after I submitted my issue. Thank you for the heads up. We will see what will happen. Perhaps in the long run we can make more as people pull out of mining and we are able to earn more coins. It already looks like PH is down 1,000 workers from yesterday.
Steve Sokolowski · · #77953
3Moose wrote: @Steve Sokolowski : </strong> Do you know when the fork will happen and you can pay? Google is not giving much info....I don’t know when the fork will occur, but we had to upgrade before it does, and it just happened that the upgrade time was today
3Moose · · #77954
Steve Sokolowski wrote:If the fork is a month away, does that mean I don’t get paid for a month?3Moose wrote: @Steve Sokolowski : </strong> Do you know when the fork will happen and you can pay? Google is not giving much info....I don’t know when the fork will occur, but we had to upgrade before it does, and it just happened that the upgrade time was today
AppleMiner · · #77955
Steve Sokolowski wrote: the daemon needs to reindex the blockchain with the new fork - this is something the Verge developers decided
AppleMiner · · #77956
if it takes the verge network a month to re-index their chain, i would guess yep, nothing moves on that network in the meantime
3Moose · · #77957
AppleMiner wrote: if it takes the verge network a month to re-index their chain, i would guess yep, nothing moves on that network in the meantimeThis confuses me because I can buy coins the exchange and still mine the coin.
AppleMiner · · #77958
yep
AppleMiner · · #77959
the exchange has the coins and can transfer them internally
AppleMiner · · #77960
can you have an exchange you have coins on send you those verge coins out to another external wallet?
3Moose · · #77961
AppleMiner wrote: the exchange has the coins and can transfer them internallyI guess I assumed PH had the coins I was solo mining or bought them from the exchange.
3Moose · · #77962
God... profitability stinks....
AppleMiner · · #77963
yeah the whole market took off 20-30% today
AppleMiner · · #77964
1K ether, saw close to 10K btc
3Moose · · #77965
I see bitmain raised the price of the L3 to $2378. I assume that comes with 12 oz of cocaine at that price.