If I were to solo mine verge with 100 machines – and I did not hit a block – may payout for the day would be zero, correct?

I am just curious as matter of operations. I am curious as a business person really... I know they get hammered when BTC rises fast... I am just curious of the loss in BTC is socialized.

I understand that profitability is falling because of various difficultly issues. That's life. What I don't understand is how the pool earnings can go below litecoin. If litecoin is the base, and we mine all coins that are profitable at litecoin or better, how can we ever be below litecoin in earnin...

I am looking for the Static difficulty limits.

Run several so far, and some my machines are running in the 500K diff range.

The question is, is that the take the IRS has on it? My understanding is as soon as you spend it you owe on it what the equated value of it was at the time of the exchange. If you use the coins to buy $1000 on newegg.com, you owe taxes on that $1000 as captial gains, and then you also owe the sales...

All of this has pretty much just made me want to stop mining completely. Not because i'm afraid of paying taxes. I was under the understanding when i started, though apparently very bad understanding, that nothing was taxable until you convert it to USD, in which case was told to provide whatever y...

To your point, Section 179 -- is a gift for large miners.

This is where it just comes down to how much you want to argue (if audited). I admit, that I am willing to be aggressive with the tax code because I expect to have a mid six figure tech investment.

Take the Baikal Giant-A900 --- lets say you bought one on Jan 1. I can't imagine you could not argue to an IRS auditor that it was not obsolete. I would write that entire thing off. If I were to get audited, I think it would be easy to show the tech obsolesce.

Moose - ok, well I've never heard of that for business- but to clear, I probably will edit my post as I was just trying to be helpful and not debate your points. If what I posted contradicts then let's edit it out so my post doesn't give out "bad info". I am concerned when I hear you can ...