Start a website which only sells Dope on a Rope and only accept cryptocurrencies where you're its only customer. Rinse (no pun intended) and repeat for myriad product lines.
Topic: I just found a way to launder money (Read 1190 times)
Start a website which only sells Dope on a Rope and only accept cryptocurrencies where you're its only customer. Rinse (no pun intended) and repeat for myriad product lines.
Question remains unanswered, how do you mange to buy Bitcoins in the first place? because if you could get some then you'll just need to mix them and be reborn as new sets of coins.
Because you know even if you buy Bitcoins you are still in the public eyes but the moment you send them to a mixer you sever the link between those coins and you as a person/IP/ID.
Because you know even if you buy Bitcoins you are still in the public eyes but the moment you send them to a mixer you sever the link between those coins and you as a person/IP/ID.
Go to a Bitcoin BTM machine otherwise localbitcoins, small amounts use interac with a service such as quickbt. Else do KYC lol.
Could even do a preloaded card option at most any store in Canada primarily Esso using flexepin but that is quite a slow way to get coins
https://coinforum.ca/discussion/3456/bitaccess-launches-bitcoin-purchases-at-over-6-000-canadian-locations
Not sure about your country though.
Question remains unanswered, how do you mange to buy Bitcoins in the first place? because if you could get some then you'll just need to mix them and be reborn as new sets of coins.
Because you know even if you buy Bitcoins you are still in the public eyes but the moment you send them to a mixer you sever the link between those coins and you as a person/IP/ID.
Because you know even if you buy Bitcoins you are still in the public eyes but the moment you send them to a mixer you sever the link between those coins and you as a person/IP/ID.
Buy mining farm with btc
Doesnt mattern if its break even
Enjoy white money
Pay tax on new white money
Is it really that simple?
Lol has memories of Dank I wonder what he is doing now
Second part onward is fine your a new mint the coins start with you although technically you still need to pay the electrical bill at the end of the day so if you get a knock on the door they may think you were a weed grow-op or something unless you can somehow get free electricity.
Hence you missed a step get solar power and be off grid
Although the launder part well at some point you convert it to cash somewhere so the answer is sort of you paid for it in electrical costs.
http://news.nationalpost.com/news/canada/new-b-c-hydro-devices-save-millions-of-dollars-from-cannabis-growing-power-thieves
Buy mining farm with btc
Doesnt mattern if its break even
Enjoy white money
Pay tax on new white money
Is it really that simple?
Swapping cash with BTC is not easy. If you want to buy sizable amounts of bitcoins, you need to go to an exchange. Exchanges ask you to complete KYC formalities. Now, the IRS will have your entire history.
In some countries, you can buy bitcoins anonymously. Nobody will know about your purchase and even more so do not get to know the government organizations. The scheme though and is simple but not very legal
If it was indeed possible, I would suggest people should just convert their cash into bitcoins and hold. Makes much more sense than buying a mining farm and burning your bitcoins.
Buy mining farm with btc
Doesnt mattern if its break even
Enjoy white money
Pay tax on new white money
Is it really that simple?
Yeah definitely however there is really no need for you to buya mining farm because honestly that's not going to earn you much and the bitcoins you earn are already pretty much untraceable and you can anonymously sell them on peer to peer exchanges.
But yes, there will be a problem for you to get from cash to bitcoin because you'll definitely see some KYC and AML roadblocks in your way. And China recently just decided that they want to see how you funded your account as well.
Just don't do it man... Not worth the risk
It is not easy to send money as you think and how can you convert your hard cash to bitcoin without using a banking service and if that is how you are planning to convert your coins then you will be leaving a trail,so that is not possible.It is not that easy like you say so.Lets think straight and start paying taxes .
Buy mining farm with btc
Doesnt mattern if its break even
Enjoy white money
Pay tax on new white money
Is it really that simple?
Swapping cash with BTC is not easy. If you want to buy sizable amounts of bitcoins, you need to go to an exchange. Exchanges ask you to complete KYC formalities. Now, the IRS will have your entire history.
Depends where you're from.
I know a few guys in western Europe that are able to exchange 25-50 btc a day in cash.
Trusted and with good reputation on localbitcons.
I don't assume op had in mind 10 millions or so.
Buy mining farm with btc
Doesnt mattern if its break even
Enjoy white money
Pay tax on new white money
Is it really that simple?
Other parts may work but if bitcoin price went down or mining difficulty explodes, than you may have to wait for more than a year to get back what you have invested on those mining farms.
Well, everything looks simple and easy. But the cheapest mining equipment costs like 500€ and for someone it can be really big money. I think to get real profit with mining you have to be a programmer who know all the details of the process and who know which altcoins is worth to invest to allow to live only from this money.
Swapping cash with BTC is not easy. If you want to buy sizable amounts of bitcoins, you need to go to an exchange. Exchanges ask you to complete KYC formalities. Now, the IRS will have your entire history.
Pretty much this. The "swap cash for BTC" would be the weak link in this money laundering scheme, but I guess it could be doable if you go around exchanges and use P2P exchanges on Localbitcoins or something similar. Also, if you make a lot of BTC with these mining rigs, then it will probably raise red flags when you exchange the BTC for cash through legitimate exchanges (or even P2P exchanges if done in a high enough quantity and frequency).
So, in the end I think you're better off simply keeping the cash in your mattress and using it for small purchases that won't bring attention to yourself (no mansions, yachts, sports cars, etc..), or using other means to launder the money.
Buy mining farm with btc
Doesnt mattern if its break even
Enjoy white money
Pay tax on new white money
Is it really that simple?
Swapping cash with BTC is not easy. If you want to buy sizable amounts of bitcoins, you need to go to an exchange. Exchanges ask you to complete KYC formalities. Now, the IRS will have your entire history.
In some countries, you can buy bitcoins anonymously. Nobody will know about your purchase and even more so do not get to know the government organizations. The scheme though and is simple but not very legal
Buy mining farm with btc
Doesnt mattern if its break even
Enjoy white money
Pay tax on new white money
Is it really that simple?
Swapping cash with BTC is not easy. If you want to buy sizable amounts of bitcoins, you need to go to an exchange. Exchanges ask you to complete KYC formalities. Now, the IRS will have your entire history.
Mr taxman really should leave bitcoin alone. He gets more than his fair share.
Until you sell your coins, there's no need to pay taxes (in most jurisdictions).
Just buy (anonymously), hold and spend as needed.
That way your conscience will not bother you, have a clean life and no cops circling your house. That simple.
Uh, yeah. I seriously question whether even 50% of users here have anything that resembles a conscience. At least it's a safe bet that you shouldn't appeal to conscience here. Anyway. Wrongdoers tend to get caught eventually, and especially money launderers. Just don't do it. Do things the right way and you're right, you won't have to worry about the cops banging on your door, or the tax man. Speaking of which, Mr taxman really should leave bitcoin alone. He gets more than his fair share.
I like how OP posts about laundering money and next 3 posters mention selling dope.
Talk about being brainwashed by propaganda.
There are easier ways to launder money than through Bitcoin mining. In most jurisdictions you still need to pay taxes on your mining income.
Capital gains taxes are usually much lower.
Talk about being brainwashed by propaganda.
There are easier ways to launder money than through Bitcoin mining. In most jurisdictions you still need to pay taxes on your mining income.
Capital gains taxes are usually much lower.
why not just create a simple business like laundry shop, mix your blood money there to have an accounting record. just make sure you have all the receipt of everything. its the most simple way that works without getting into the trouble of buying all that mining devices and sell at low price.
Maybe lay off the dope for a while that way you couldn't come up with such excellent ideas 
Sell dope!
He thinks everyone is living in the west, you better go buy a dope farm and stop smoking so much to see less white money.
Why don't you choose something else, as stated in a quote why to ruin the life of families through this business and get the curse. You can find lot other ways to make your black money white or for money laundering requirements. Sell dope!
He thinks everyone is living in the west, you better go buy a dope farm and stop smoking so much to see less white money.
Mods are trashing threads without any notice!
Sell dope
Swap cash to btc
Buy mining farm with btc
Doesnt mattern if its break even
Enjoy white money
Pay tax on new white money
Is it really that simple?
You first line "sell dope" is not feasible already. If you are not into that business then don't try to even start. Just imagine how many lives will be ruin because of your business. If you have money to buy dope and sell at higher price why not just buy some mining rigs and start small. That way your conscience will not bother you, have a clean life and no cops circling your house. That simple. Swap cash to btc
Buy mining farm with btc
Doesnt mattern if its break even
Enjoy white money
Pay tax on new white money
Is it really that simple?
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