If ibelink buyers get their 22ghs upgrade kits soon or before october ( at a discount or possibly free for some) then they will have the fastest and most efficient miner even once the d3's are released and until the a5 even once the d3s are shipped, not sure how they did it but they got 3x as many of the same chips in the 22gh miner yet using same power usage.
well...in my case, I mined the LTC used....so this year...1/2 can go to the tax man ...or that same 1/2 can go to equip with an additional 25% due to 100% equip deduction in 1 year
applied to taxes I owe..or know I'm gonna owe this year
So the gamble was 25% more in $$$ on equipment...than just paying the IRS the 50% off what I mined in coin
sucks...but that is how it is...so worse case I figure it is a wash
Glad I was paranoid and only got the ONE though....
I also HOPE that bitmain will release a firmware update (like Baikal eventually did in the past) to do X13 and X15 coins. What the heck, probably won't happen, but would allow
me to mine something, if when these miners destroy/pump/boom the X11 coins out there in the world.
Anyway, still (in my case) I'll probably get by...but again...circumstances...I feel sad for those who may have bet the farm.
Whenever bitmain REDUCES PRICE DRASTICALLY as they have done with product in the past..it usually means something else is dire in the crypto world
but damn, even this one miner I got could be a 'doorstop' by December 2017 ..what an arms race!
I don't get it mate. You still have to pay taxes on the coins you have bought stuff with tho?
Like, if I buy BTC at 100$, and it rises to 200$. Then I buy something for those 200$, I still need to pay taxes on the 100$ gained.
Its the same with mining, just a little more work calculating the cost of those coins you have mined.
and return back to 600k at 2pm.
