[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 408.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: drawingthesun on November 03, 2013, 12:12:38 PM

Quote from: PurpleTentacle on November 03, 2013, 11:49:10 AM

Ken, can you confirm that https://blockchain.info/charts/balance?address=1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa is the correct and only ActiveMining address?

My guess is yes, the Bitcoin income is the same as last week meaning it includes the added hashpower, if this address had no new hashing power it would be a lot lower.

In short, the added hashpower has gained us a week.

Yes, this is the only address that we send mining revenue to. We will be reserving 50% of the new revenue for growth and expenses.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: lammedraak on November 03, 2013, 12:08:24 PM

Quote from: kslaughter on November 03, 2013, 11:30:47 AM

On the 6th everyone that has shares in the AMC-TENDER account will start accumulating dividends. We will be working on a solution to have the dividends disbursed. We have a number of options available to do the disbursements. As the whole Bitcoin stock exchange system is in a state of flux, we are waiting to see how everything shakes out. We will be getting an opinion from our lawyers on the new Havelock developments. We need to see if the new Havelock developments changes anything for any of our Investors.

Just to confirm, dividends will be paid to verified accounts on bitfunder as well on the 6th?

Yes, dividends will be paid as normal on the 6th verified or not.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: PurpleTentacle on November 03, 2013, 11:49:10 AM

Ken, can you confirm that https://blockchain.info/charts/balance?address=1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa is the correct and only ActiveMining address?

My guess is yes, the Bitcoin income is the same as last week meaning it includes the added hashpower, if this address had no new hashing power it would be a lot lower.

In short, the added hashpower has gained us a week.

lammedraak

newbie

Activity: 24

Merit: 0

Quote from: kslaughter on November 03, 2013, 11:30:47 AM

On the 6th everyone that has shares in the AMC-TENDER account will start accumulating dividends. We will be working on a solution to have the dividends disbursed. We have a number of options available to do the disbursements. As the whole Bitcoin stock exchange system is in a state of flux, we are waiting to see how everything shakes out. We will be getting an opinion from our lawyers on the new Havelock developments. We need to see if the new Havelock developments changes anything for any of our Investors.

Just to confirm, dividends will be paid to verified accounts on bitfunder as well on the 6th?

coinfresh

member

Activity: 88

Merit: 10

Quote from: kslaughter on November 03, 2013, 11:30:47 AM

We will be getting an opinion from our lawyers on the new Havelock developments. We need to see if the new Havelock developments changes anything for any of our Investors.

This is good to hear. I was hoping you would be saying this.

PurpleTentacle

sr. member

Activity: 384

Merit: 250

Ken, can you confirm that https://blockchain.info/charts/balance?address=1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa is the correct and only ActiveMining address?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: ElusiveMiner on November 03, 2013, 06:25:24 AM

Quote from: Jimmy2011 on November 03, 2013, 02:49:28 AM

Shares transfer to AMC-TENDER completed.

Look forward to the dividends on 6th to confirm my shares.

Sorry for being a complete noob but where do I recieve my dividends after the 6th? Is it to my public bitcoin adress? In that case does my public bitcoin adress have to be my wallet?

On the 6th everyone that has shares in the AMC-TENDER account will start accumulating dividends. We will be working on a solution to have the dividends disbursed. We have a number of options available to do the disbursements. As the whole Bitcoin stock exchange system is in a state of flux, we are waiting to see how everything shakes out. We will be getting an opinion from our lawyers on the new Havelock developments. We need to see if the new Havelock developments changes anything for any of our Investors.

JimmyJazz

full member

Activity: 207

Merit: 100

It seems everyone is planning there next action after this thing gets going. Not bad.

ElusiveMiner

newbie

Activity: 21

Merit: 0

Quote from: Jimmy2011 on November 03, 2013, 02:49:28 AM

Shares transfer to AMC-TENDER completed.

Look forward to the dividends on 6th to confirm my shares.

Sorry for being a complete noob but where do I recieve my dividends after the 6th? Is it to my public bitcoin adress? In that case does my public bitcoin adress have to be my wallet?

Jimmy2011

hero member

Activity: 589

Merit: 500

Shares transfer to AMC-TENDER completed.

Look forward to the dividends on 6th to confirm my shares.

finlof

hero member

Activity: 630

Merit: 500

Quote from: VolanicEruptor on November 02, 2013, 08:17:25 PM

so this could work the other way too... i can claim taxes back for a $50k loss?

well you cant claim $50k loss, but you can take up to a $3000 loss each year against your taxes, unless you have other gains to offset those losses.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

so this could work the other way too... i can claim taxes back for a $50k loss?

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

'Bitcoin is a currency': Federal judge says the virtual cash is real money

radiumsoup

sr. member

Activity: 356

Merit: 255

Quote from: ?? on ??

Quote from: aquarius on November 02, 2013, 03:29:08 PM

Quote from: thefunkybits on November 02, 2013, 02:25:39 PM

If we get the verified status on bitfunder does this mean we have to report our profits/losses to our government even if we stay in BTC?

Im contemplating just getting verified

Of what I understand, it is only considered profit once you convert the bitcoins you profited into fiat.

Not the case. Government considers it a profit as soon as you turn a profit in any denominated "form" of currency and last I checked, Bitcoin fits the bill for a "form" of currency as defined by the government (at least this is the case in Canada)... maybe America is drastically different, who'd assume! Tongue

in the U.S., you get taxed on bartering - so even if you try to claim bitcoins as a non-monetary asset, (and I'm not sure if they would accept this argument or not - I'm not about to go ask them) trading one asset for another could easily fall under the definition of a barter. You'd have to prove the cost of the goods you sent to deduct from the value of the goods you received, which is a LOT harder to prove than you think it is.

U.S. taxes get you coming and going. And then they even tax you when you die.

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

If you move to Germany and hold bitcoins for 12 months, you can transfer to fiat without having to pay tax. Wink

gogxmagog

legendary

Activity: 1456

Merit: 1010

Ad maiora!

Quote from: thefunkybits on November 02, 2013, 02:25:39 PM

If we get the verified status on bitfunder does this mean we have to report our profits/losses to our government even if we stay in BTC?

Im contemplating just getting verified

just consider paying taxes to be your membership dues for belonging to the greatest country club in the world.

thefunkybits

legendary

Activity: 1218

Merit: 1000

Quote from: aquarius on November 02, 2013, 03:29:08 PM

Quote from: thefunkybits on November 02, 2013, 02:25:39 PM

If we get the verified status on bitfunder does this mean we have to report our profits/losses to our government even if we stay in BTC?

Im contemplating just getting verified

Of what I understand, it is only considered profit once you convert the bitcoins you profited into fiat.

This is what I thought as well... Im trying to find some legal documentation to back this up though. If thats true it would be very hard for them to track this

aquarius

sr. member

Activity: 275

Merit: 250

Quote from: thefunkybits on November 02, 2013, 02:25:39 PM

If we get the verified status on bitfunder does this mean we have to report our profits/losses to our government even if we stay in BTC?

Im contemplating just getting verified

Of what I understand, it is only considered profit once you convert the bitcoins you profited into fiat.

thefunkybits

legendary

Activity: 1218

Merit: 1000

If we get the verified status on bitfunder does this mean we have to report our profits/losses to our government even if we stay in BTC?

Im contemplating just getting verified

somestranger

hero member

Activity: 487

Merit: 500

Are You Shpongled?

Quote from: finlof on November 02, 2013, 06:20:13 AM

available for shipping now - http://avalon-asics.com/product/a3255-55nm-chip-500-count-reel/

1GH/s per chip, and 2W/GH... yawn.

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 408. (Read 771302 times)