Topic: Just purchased 18 block erupters Buyers remorse... (Read 10061 times)
Sell it and buy BTC instead.. the price is good now after the rise of Bitcoin price...
I certainly wouldn't have buyers remorse if i bought ANY mining equipment. for the greater good pal.
Mine with all you've got -help protecting the network! It's better than the 2.7 BTC I've spent on miners which were never built (trough steamboat group buy, 5 BTC order - 2.3 BTC refund = 2.7 BTC loss)
Yep, I noticed the Jally prices just went up on Ebay as well. Which means that people are completely insane.
Good time to sell mining equipment, too bad I'm amping mine up :-)
Good time to sell mining equipment, too bad I'm amping mine up :-)
OK, so on Amazon the price of BE went from $9 to $30 in just one week. If BTC hits $1,000 you will get about $50 per BE which net you some nice capital gains and free BTC to boot. Some analyst just put a long term price target of BTC equals 1E6 USD....
Use it to mine while putting up online looking for buyer is what most people do...
can be a souvenir
Yeah, it'd probably not be profitable to mine right now, but in the future you may. However, you are helping out with the processing of transactions 
At least you'll actually receive something! That's more that bitcoin-24, Terrahash, or Cloudhashing ever gave me.
Or you could just whore yourself out of Bitcoins...
Wait...
Wait...
Just mine for fun, or better still try solo for like a week.....
So i Just purchased 18 block erupters and After reading the threads here I am starting to feel a bit of Buyers remorse..
I bought them at $11.00 a piece so i don't think i did that bad....But at the current difficulty rate they are kinda worthless aren't they?
I bought them at $11.00 a piece so i don't think i did that bad....But at the current difficulty rate they are kinda worthless aren't they?
Sell it, unless you have free electricity....
It would be difficult to make an argument that bitcoin isn't capital. Capital gains are taxable.
It seems that most people consider it a capital gain when/if you change it into fiat. In the US the Tax is Capital Gains - Expenses - Capital Losses. Since no one will make back their expenses it can be considered a Hobby.
Notice that I am NOT talking about bitcoin being a form of capital. I am talking about the USB block eruptor themselves as a form of capital asset. A capital asset is any asset that is used to make money. It is like holding a dividend-generating stock. The block eruptors are the stock, the dividend are the mined coins (Which is not taxable until you convert to fiat)
They are going as low as $9 on Amazon....
So, as I said, if you sell your miners this year, you can write off your loss as capital loss on your taxes.
So, as I said, if you sell your miners this year, you can write off your loss as capital loss on your taxes.
Is bitcoin even taxable in the first place?
It would be difficult to make an argument that bitcoin isn't capital. Capital gains are taxable.
It seems that most people consider it a capital gain when/if you change it into fiat. In the US the Tax is Capital Gains - Expenses - Capital Losses. Since no one will make back their expenses it can be considered a Hobby.
They are going as low as $9 on Amazon....
So, as I said, if you sell your miners this year, you can write off your loss as capital loss on your taxes.
So, as I said, if you sell your miners this year, you can write off your loss as capital loss on your taxes.
Is bitcoin even taxable in the first place?
It would be difficult to make an argument that bitcoin isn't capital. Capital gains are taxable.
So i Just purchased 18 block erupters and After reading the threads here I am starting to feel a bit of Buyers remorse..
I bought them at $11.00 a piece so i don't think i did that bad....But at the current difficulty rate they are kinda worthless aren't they?
I bought them at $11.00 a piece so i don't think i did that bad....But at the current difficulty rate they are kinda worthless aren't they?
Quickly refund it and yes its worthless. But you can still sell it easily for 5-10 USD depending on your luck...
They are going as low as $9 on Amazon....
So, as I said, if you sell your miners this year, you can write off your loss as capital loss on your taxes.
So, as I said, if you sell your miners this year, you can write off your loss as capital loss on your taxes.
Is bitcoin even taxable in the first place?
They are going as low as $9 on Amazon....
So, as I said, if you sell your miners this year, you can write off your loss as capital loss on your taxes.
So, as I said, if you sell your miners this year, you can write off your loss as capital loss on your taxes.
They are still 18 USD on ebay...
not bad price. you can get back your money i believe. start mining asap.
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