8th Alt coin thread. Or what to do now that asics are all over the place. - page 26.

WillJ7

jr. member

Activity: 32

Merit: 4

Quote

Because I sell lots of gear and I show a beginning and ending inventory on taxes I can show higher inventory via large gear purchases in December of any given year.
So last December I loaded up on gear. And my ending inventory was 23000 higher then my beginning inventory . That defers the gain to 2018. I had multiple options in 2018 with the excess inventory.

Return it.
Sell it.
Mine with it then sell it.
Mine with it don’t sell it keep mining.

If 2018 was better then 2017 I would have loaded up on gear in dec 2018 and moved some of the gain forward again.

So if there was four big years my inventory would have grown a lot.

If year after year was up I would have had huge amounts of gear.

Alas 2018 did not do well.

You were selling off a lot of cards at the beginning of the year, if I recall. Wise move.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: dragonmike on December 13, 2018, 10:15:52 AM

Quote from: philipma1957 on December 12, 2018, 05:42:37 PM

Quote from: soothaa on December 12, 2018, 05:17:12 PM

Quote from: adaseb on December 11, 2018, 02:26:08 AM

Quote from: GordoLui on December 10, 2018, 02:39:12 PM

Well I am still here mining away for the 2nd winter in a row. Last year it was supper convenient to use the miners to heat up the house and this year is good too. Only difference is last year we were all making a killing and this year we are the ones getting killed. But I will continue mining all through the winter until around april or may. That's when it starts warming up enough and we have to ask if this is worth it. At this moment my machines are barely making any profit.

Where do you live and does your place have a natural gas heater or an electric heater.

I didn't do the math but it seems that if you got natural gas for heat you are better off just heating your home that way than mining with your GPUs as the NG is more efficient and much cheaper than electricity.

Not if you get creative with your taxes/your house is your place of business. Soo many write-offs.

If you made money last year during the runup it was quite easy to move some of the profit into Jan of 2018.

So if you made a 100,000 profit last year moving 80,000 of that profit to this year was possible to do.

Then the losses for this year could lower the tax on that 80,000 you moved forward.

I suppose that's true in principle, but probably more difficult to decide in practive. What if 2018 had turned out to be an even better year than 2017? You'd have ended up with a pretty massive tax bill. It's probably still better paying tax for the respective tax year as it goes... But I guess having that flexibility it's better than not having it!

Because I sell lots of gear and I show a beginning and ending inventory on taxes I can show higher inventory via large gear purchases in December of any given year.
So last December I loaded up on gear. And my ending inventory was 23000 higher then my beginning inventory . That defers the gain to 2018. I had multiple options in 2018 with the excess inventory.

Return it.
Sell it.
Mine with it then sell it.
Mine with it don’t sell it keep mining.

If 2018 was better then 2017 I would have loaded up on gear in dec 2018 and moved some of the gain forward again.

So if there was four big years my inventory would have grown a lot.

If year after year was up I would have had huge amounts of gear.

Alas 2018 did not do well.

dragonmike

hero member

Activity: 1274

Merit: 556

Quote from: philipma1957 on December 12, 2018, 05:42:37 PM

Quote from: soothaa on December 12, 2018, 05:17:12 PM

Quote from: adaseb on December 11, 2018, 02:26:08 AM

Quote from: GordoLui on December 10, 2018, 02:39:12 PM

Well I am still here mining away for the 2nd winter in a row. Last year it was supper convenient to use the miners to heat up the house and this year is good too. Only difference is last year we were all making a killing and this year we are the ones getting killed. But I will continue mining all through the winter until around april or may. That's when it starts warming up enough and we have to ask if this is worth it. At this moment my machines are barely making any profit.

Where do you live and does your place have a natural gas heater or an electric heater.

I didn't do the math but it seems that if you got natural gas for heat you are better off just heating your home that way than mining with your GPUs as the NG is more efficient and much cheaper than electricity.

Not if you get creative with your taxes/your house is your place of business. Soo many write-offs.

If you made money last year during the runup it was quite easy to move some of the profit into Jan of 2018.

So if you made a 100,000 profit last year moving 80,000 of that profit to this year was possible to do.

Then the losses for this year could lower the tax on that 80,000 you moved forward.

I suppose that's true in principle, but probably more difficult to decide in practice. What if 2018 had turned out to be an even better year than 2017? You'd have ended up with a pretty massive tax bill. It's probably still better paying tax for the respective tax year as it goes... But I guess having that flexibility it's better than not having it!

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: soothaa on December 12, 2018, 05:17:12 PM

Quote from: adaseb on December 11, 2018, 02:26:08 AM

Quote from: GordoLui on December 10, 2018, 02:39:12 PM

Well I am still here mining away for the 2nd winter in a row. Last year it was supper convenient to use the miners to heat up the house and this year is good too. Only difference is last year we were all making a killing and this year we are the ones getting killed. But I will continue mining all through the winter until around april or may. That's when it starts warming up enough and we have to ask if this is worth it. At this moment my machines are barely making any profit.

Where do you live and does your place have a natural gas heater or an electric heater.

I didn't do the math but it seems that if you got natural gas for heat you are better off just heating your home that way than mining with your GPUs as the NG is more efficient and much cheaper than electricity.

Not if you get creative with your taxes/your house is your place of business. Soo many write-offs.

If you made money last year during the runup it was quite easy to move some of the profit into Jan of 2018.

So if you made a 100,000 profit last year moving 80,000 of that profit to this year was possible to do.

Then the losses for this year could lower the tax on that 80,000 you moved forward.

soothaa

hero member

Activity: 1151

Merit: 528

Quote from: adaseb on December 11, 2018, 02:26:08 AM

Quote from: GordoLui on December 10, 2018, 02:39:12 PM

Well I am still here mining away for the 2nd winter in a row. Last year it was supper convenient to use the miners to heat up the house and this year is good too. Only difference is last year we were all making a killing and this year we are the ones getting killed. But I will continue mining all through the winter until around april or may. That's when it starts warming up enough and we have to ask if this is worth it. At this moment my machines are barely making any profit.

Where do you live and does your place have a natural gas heater or an electric heater.

I didn't do the math but it seems that if you got natural gas for heat you are better off just heating your home that way than mining with your GPUs as the NG is more efficient and much cheaper than electricity.

Not if you get creative with your taxes/your house is your place of business. Soo many write-offs.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: GordoLui on December 10, 2018, 02:39:12 PM

Well I am still here mining away for the 2nd winter in a row. Last year it was supper convenient to use the miners to heat up the house and this year is good too. Only difference is last year we were all making a killing and this year we are the ones getting killed. But I will continue mining all through the winter until around april or may. That's when it starts warming up enough and we have to ask if this is worth it. At this moment my machines are barely making any profit.

Where do you live and does your place have a natural gas heater or an electric heater.

I didn't do the math but it seems that if you got natural gas for heat you are better off just heating your home that way than mining with your GPUs as the NG is more efficient and much cheaper than electricity.

GordoLui

jr. member

Activity: 73

Merit: 2

Well I am still here mining away for the 2nd winter in a row. Last year it was supper convenient to use the miners to heat up the house and this year is good too. Only difference is last year we were all making a killing and this year we are the ones getting killed. But I will continue mining all through the winter until around april or may. That's when it starts warming up enough and we have to ask if this is worth it. At this moment my machines are barely making any profit.

P00P135

full member

Activity: 1123

Merit: 136

Quote from: dragonmike on December 10, 2018, 11:46:43 AM

Quote from: P00P135 on December 09, 2018, 09:50:05 PM

I picked up four pandaminer B3 Pros for $400 a piece last week on Craigslist. They looked like they have never been turned off for a year or cleaned, but they cleaned up super easy and work great. I am able to get these 470 4GB to pull 900-950h/s on cryptonite heavy at around 900w with srbminer.

How many of those 470's are fitted in one Pandaminer B3?
Theoretically it's a good deal, but if you pay anything north of 10c per KWh the box isn't currently profitable. So you're essentially banking on prices going back up no matter what.

Each one has 8 GPU's. Difficulty is way down so i'm able to mine a lot more than i normally would. I expect a rebound and I don't need to sell my mined coins to pay for anything so I just hold for the opportune time to sell.

dragonmike

hero member

Activity: 1274

Merit: 556

Quote from: P00P135 on December 09, 2018, 09:50:05 PM

I picked up four pandaminer B3 Pros for $400 a piece last week on Craigslist. They looked like they have never been turned off for a year or cleaned, but they cleaned up super easy and work great. I am able to get these 470 4GB to pull 900-950h/s on cryptonite heavy at around 900w with srbminer.

How many of those 470's are fitted in one Pandaminer B3?
Theoretically it's a good deal, but if you pay anything north of 10c per KWh the box isn't currently profitable. So you're essentially banking on prices going back up no matter what.

P00P135

full member

Activity: 1123

Merit: 136

I picked up four pandaminer B3 Pros for $400 a piece last week on Craigslist. They looked like they have never been turned off for a year or cleaned, but they cleaned up super easy and work great. I am able to get these 470 4GB to pull 900-950h/s on cryptonite heavy at around 900w with srbminer.

QuintLeo

legendary

Activity: 1498

Merit: 1030

I'm still not seeing any significant Craigslist entries for GPUs here - but given the "local" Cragslist includes Chelan and Douglas counties, I suspect the "locals" are mostly still mining profitably.
I DO see some "parting out rigs" listings for the Spokane area though - but not many of them.

ASIC listings are almost all for older rigs, like the S7, on the rare occasions they pop up at all.
The only D3 listing is my own, 20/20 hindsight I should have bought a Z9 Mini instead of that trio of D3s. but "at the time" it made sense as Zcash was still muttering about "change algorithm kill ASICs".

Quote from: philipma1957 on December 09, 2018, 03:03:59 PM

I'd take a newegg deal any day. I've ordered a bunch of stuff from them and had no problems.

Here's a deal for Sapphire RX 470 8GB for $109.99 (limit 10) and they are offering to include a free riser:
Card: https://www.newegg.com/Product/Product.aspx?Item=1DW-0003-000D5

Can't tell from the pictures which version that is - but definitely ONE of the "miner specific" versions.
Some of the pictures are from the earlier "DVI only" others are from the "no vid connnector at all" version which has marginally better cooling.

Either way, great price on solid cards - the Riser is SATA only though so not really a help IMO.

ZedZedNova

sr. member

Activity: 475

Merit: 265

Ooh La La, C'est Zoom!

Quote from: philipma1957 on December 09, 2018, 03:03:59 PM

Quote from: ZedZedNova on December 09, 2018, 02:46:35 PM

Quote from: adaseb on December 08, 2018, 08:52:30 PM

Anyone here frequenting their local Craigslist or eBay listings for GPU prices?

It seems that the RX 470/570 4GB and R9 7970/280X have equal values pretty much. Around $70 USD each.

The R9 290 however seems to fetch the most for $80 USD.

Seems that right now is a good time to sell the 280X/290 and buy the RX series GPUs if you feel mining has a future and plan on mining then.

Must be a bunch of miners unloading or something where you are. My local CL prices for the 470/570 and 480/580 GPUs are $160 and up and they are XFX, Powercolor, etc. No Sapphires and only one or two MSIs and those were over 200. The R9 prices seem to be a bit higher.

could be a scammer be careful.

but look at this sapphire rx 470

https://www.ebay.com/itm/Sapphire-11256-57-21G-Radeon-RX-470-8GB-GDDR5-Video-Card-Brown-Box/292750830778?

you can buy 5 of them newegg is the seller

to me if you can sell some 280x/290 and get some rx 470 with 8gb for 110 newegg selling them why not

Don't know if they are scammers or not, but the sellers do appear to be businesses versus individuals, except in the case of the MSI cards, which appeared to be individuals. The businesses seem to be dismantlers parting out systems that they have obtained.

I'd take a newegg deal any day. I've ordered a bunch of stuff from them and had no problems.

Here's a deal for Sapphire RX 470 8GB for $109.99 (limit 10) and they are offering to include a free riser:
Card: https://www.newegg.com/Product/Product.aspx?Item=1DW-0003-000D5
Riser: https://www.newegg.com/Product/Product.aspx?Item=N82E16812423197

I've had success with CL for a few things, but not computer gear. Not sure I'm willing to take the plunge.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: ZedZedNova on December 09, 2018, 02:46:35 PM

Quote from: adaseb on December 08, 2018, 08:52:30 PM

Anyone here frequenting their local Craigslist or eBay listings for GPU prices?

It seems that the RX 470/570 4GB and R9 7970/280X have equal values pretty much. Around $70 USD each.

The R9 290 however seems to fetch the most for $80 USD.

Seems that right now is a good time to sell the 280X/290 and buy the RX series GPUs if you feel mining has a future and plan on mining then.

Must be a bunch of miners unloading or something where you are. My local CL prices for the 470/570 and 480/580 GPUs are $160 and up and they are XFX, Powercolor, etc. No Sapphires and only one or two MSIs and those were over 200. The R9 prices seem to be a bit higher.

could be a scammer be careful.

but look at this sapphire rx 470

https://www.ebay.com/itm/Sapphire-11256-57-21G-Radeon-RX-470-8GB-GDDR5-Video-Card-Brown-Box/292750830778?

you can buy 5 of them newegg is the seller

to me if you can sell some 280x/290 and get some rx 470 with 8gb for 110 newegg selling them why not

ZedZedNova

sr. member

Activity: 475

Merit: 265

Ooh La La, C'est Zoom!

Quote from: adaseb on December 08, 2018, 08:52:30 PM

Anyone here frequenting their local Craigslist or eBay listings for GPU prices?

It seems that the RX 470/570 4GB and R9 7970/280X have equal values pretty much. Around $70 USD each.

The R9 290 however seems to fetch the most for $80 USD.

Seems that right now is a good time to sell the 280X/290 and buy the RX series GPUs if you feel mining has a future and plan on mining then.

Must be a bunch of miners unloading or something where you are. My local CL prices for the 470/570 and 480/580 GPUs are $160 and up and they are XFX, Powercolor, etc. No Sapphires and only one or two MSIs and those were over 200. The R9 prices seem to be a bit higher.

adaseb

legendary

Activity: 3808

Merit: 1723

Anyone here frequenting their local Craigslist or eBay listings for GPU prices?

It seems that the RX 470/570 4GB and R9 7970/280X have equal values pretty much. Around $70 USD each.

The R9 290 however seems to fetch the most for $80 USD.

Seems that right now is a good time to sell the 280X/290 and buy the RX series GPUs if you feel mining has a future and plan on mining then.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: vapourminer on December 08, 2018, 08:47:29 AM

https://downforeveryoneorjustme.com/explorer.bitcoininterest.io

shows problems there too.

back up

I have 600 + 125 + 240 + 3200 = 4165 coins

still mining here

http://solo-bci.altpool.pro/workers/iG5mxRMZErtXwReBaEvpYam7PQStwgK5hR

ATCkit2

jr. member

Activity: 85

Merit: 6

Restarted my nVidia rigs today.

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

https://downforeveryoneorjustme.com/explorer.bitcoininterest.io

shows problems there too.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

https://explorer.bitcoininterest.io/address/iHZFPH7R5fxThoHG2iLMFxUPcDnnf3SgQv

testing address.

can not connect to this address. not sure why.

the explorer has been day for a day or so.

Is anyone having better luck then me with it.

citronick

legendary

Activity: 1834

Merit: 1080

---- winter*juvia -----

while we spit on RV and his boyfriend Jihan graves....... ETH declared block number for Constantinople 7080000

POS coin anyone?

Or will ETC become profitable again?

Topic: 8th Alt coin thread. Or what to do now that asics are all over the place. - page 26. (Read 81547 times)