Jeebus, the trolls are trolling themselves or might even have multiple personality disorder. Could you imagine somebody screwing up their brain posting so much garbage as different alts they lose their own identity.... Karma served.
I've met Karma...Karma introduced me to BTC at the party in question BFL was there..only affordable 'supposed' asic mnfg at the time....Karma is a bitch! Not a big fan of Karma!
er then again Karma introduced me to KNC got my Jupiter 550gh then Karma made KNC into a mini-bfl....again Karma is a bitch!
Karma only likes 'fast lies on asic equip" imho...so gonna go far far away from Karma's charms on 'pretty miner see the nice lcd's"
(i miss my innocent noobie youth of thinking I'd get my BFL miner in '2 weeks!" TM ah last summer when I was an optimist!
alas
Searing
Did you learn anything Searing
I don't think you did,you just got REALLY lucky with your first round of KnC.....how's that Titan workin
well the Titan was i admit an 'unfortunate' impluse buy by me when KNC had morals...as soon as I got it ..they went the BFL path..we will see although knowing how people think and speculation on alt coins was better then the Neptune that they just delivered now so it coulda been worse imho..but yeah likely shoulda just took the refund
but as to current equipment again I did get an sp30 for the simple reason (due to circumstances explained here backed into being a legal miner in usa it sucks by the by)
anyway can get in equip depreciation 25% of the equip costs real $$$ applied to taxes due....back on the Titan and the Sp30..my usb 333mh card (heh)..so will likely by some modest equip next year for that reason in that if I keep it light a 25% off what I'd have to pay IRS anyway may make some equip make sense..but this is my unique (cough damn it) situation
I find myself in (although not p/off the IRS does make ones feet dance lighter on this earth!)
but yeah...setting aside the Titan which may or may not be really stupid...the sp30 and other stuff i can depreciate here (with equip depreciation i can use from last year,next year, etc)
I should be fine..but I'm stuck as a legal miner.....so kinda only unique thing that makes some kinda sense getting the sp30 ...other people shoulda/coulda imho if they
plan to tell IRS of their mining wait till imho it is 'fixed' to a more reasonable method in 2015 and at that point just say 'by golly 2015 was a good year for me as a newbie!"
fess up then (or not) at that point when they actually get some sense and congress goes back to treating it as a currency ..and not 'land/property'
me too many failed bank xfers..had to 'get legal' so coulda been much worse....(IRS was kept at bay.....so I count myself lucky in what shoulda been a very bad situation)
so again my situation is unique (with exception of the Titan which may or may not have been a good deal) I only know of 2 other guys in my boat one runs a pawn shop
the other runs a shop gold/silver etc..they are legal because they are looked at closely on this kinda thing..but besides the above just 'go dark' till rules change imho
but anyway except for using some equip deprecation $$$ in my (forced to) home biz in next few years ...www.coinbase.com is looking to be a more 'leisurely' way to
aquire coin in the future so yeah you have a point! Although IF they do change the law in 2015 back the way it was before (equip is your cost/risk BTC is a coin...only pay 20%
capital gains on profit IF YOU sell the coin etc
Well I may be lucky again and look like a Genius (I back into that a lot) in that according to my CPA I still could run out the equip depreciation of 2013 and 2014 of the
amounts/percentages above ie likely she said likely would be 'grandfathered in' so to speak
But yeah dumb/stupid/daring and reckless is getting old
www.coinbase.com is looking very very good to me for the future
and again I've heard this said before hopefully ...at some point say 5 years from now it will be less of an issue of HOW you got BTC now (2014) in that the fact
you DID get BTC now in 2014...you may have picked the wrong horse (equip) vs (BTC purchase) but dang it you at least got the dang horsies now! heh
(well a guy can dream right?)
Searing