Sixth alt coin thread I forgot to mod last thread. - page 51.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Bones972 on November 29, 2017, 09:38:23 PM

I am starting to see a lot of talk about taxes.
I have to admit that I am starting to get a little concerned about how I am going to file this year.
I am not LLC'd into a mining company (however I have been kicking the idea around lately for better write offs and depreciation of equipment).

How are you guys in the U.S. going to be doing it?
Every payout/transaction/trade logged (from what I have seen, the way its supposed to be done but seems almost impossible!) or a snap shot of your portfolio on 12/31 and just 1099 as income?
I have to admit that I really didn't think things through when I jumped into this and never really thought it would be as profitable as it has become for me.
It started as a hobby and turned into a borderline obsession HA HA!

Now I am looking back and starting to understand why you guys go through Nicehash for easier accounting!
I have been a pool jumping fool over the last few months and its going to be pretty hard for me to track every transaction and trade...

Taxes are tough, but I have had a small schedule c side business since 2005.

I started this year with 10,000 in gear/inventory.

Since I do a lot of sales I can defer my income by having greater inventory.

I now am up to 45,000 in inventory for this year vs 10,000 So that 35,000 defers to 2018 tax year.

But before anyone does this I have an established ebay business and have sold on this site for years.

So my tax model will not work for a lot of people.

Next year If I sell off most of the gear I will take the tax hit.

Bones972

full member

Activity: 198

Merit: 101

I am starting to see a lot of talk about taxes.
I have to admit that I am starting to get a little concerned about how I am going to file this year.
I am not LLC'd into a mining company (however I have been kicking the idea around lately for better write offs and depreciation of equipment).

How are you guys in the U.S. going to be doing it?
Every payout/transaction/trade logged (from what I have seen, the way its supposed to be done but seems almost impossible!) or a snap shot of your portfolio on 12/31 and just 1099 as income?
I have to admit that I really didn't think things through when I jumped into this and never really thought it would be as profitable as it has become for me.
It started as a hobby and turned into a borderline obsession HA HA!

Now I am looking back and starting to understand why you guys go through Nicehash for easier accounting!
I have been a pool jumping fool over the last few months and its going to be pretty hard for me to track every transaction and trade...

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: vapourminer on November 29, 2017, 08:23:31 PM

Quote from: philipma1957 on November 29, 2017, 08:06:36 PM

Quote from: vapourminer on November 29, 2017, 07:58:20 PM

sold some at 10200. now i want to grab a 1080 or 1080ti for the onda 250 build. i know i want evga but which variant, ti or non ti? Im more for watts/hash vs $/hash.

any favorites you guys use?

I won't count waterblocks but this is a good deal

https://www.evga.com/products/product.aspx?pn=08G-P4-5170-RX

only uses 1x 8 pin pcie jack do smos

core 125
memory 500
watts 115

temp 70
fan 65

this will do 3.7 - 3.9 sols a watt

yeah decent price for a 1070. that 1070 mini i bought from you does ~3.8 sol/watt, im happy with it.

but i figure i should go with a 1080 or 1080ti to try get more efficiency.. or is the 1070 the sweet spot as far as watts/hash?

the 1070
the 1070 ti
the 1080 ti

are all good it simply comes down to sales prices

I mine zec to btc via nicehash easy simple once in a while I get a hot coin and stick with that.

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: philipma1957 on November 29, 2017, 08:06:36 PM

Quote from: vapourminer on November 29, 2017, 07:58:20 PM

sold some at 10200. now i want to grab a 1080 or 1080ti for the onda 250 build. i know i want evga but which variant, ti or non ti? Im more for watts/hash vs $/hash.

any favorites you guys use?

I won't count waterblocks but this is a good deal

https://www.evga.com/products/product.aspx?pn=08G-P4-5170-RX

only uses 1x 8 pin pcie jack do smos

core 125
memory 500
watts 115

temp 70
fan 65

this will do 3.7 - 3.9 sols a watt

yeah decent price for a 1070. that 1070 mini i bought from you does ~3.8 sol/watt, im happy with it.

but i figure i should go with a 1080 or 1080ti to try get more efficiency.. or is the 1070 the sweet spot as far as watts/hash?

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: vapourminer on November 29, 2017, 07:58:20 PM

sold some at 10200. now i want to grab a 1080 or 1080ti for the onda 250 build. i know i want evga but which variant, ti or non ti? Im more for watts/hash vs $/hash.

any favorites you guys use?

I won't count waterblocks but this is a good deal

https://www.evga.com/products/product.aspx?pn=08G-P4-5170-RX

only uses 1x 8 pin pcie jack do smos

core 125
memory 500
watts 115

temp 70
fan 65

this will do 3.7 - 3.9 sols a watt

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

sold some at 10200. now i want to grab a 1080 or 1080ti for the onda 250 build. i know i want evga but which variant, ti or non ti? Im more for watts/hash vs $/hash.

any favorites you guys use?

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: VoskCoin on November 29, 2017, 06:55:01 PM

Quote from: citronick on November 29, 2017, 05:18:33 PM

Quote from: henyojess on November 29, 2017, 02:08:16 PM

@citronick and other guys/gals with Onda D1800

Hi all. Are you able to run the Onda D1800 with nvOC? Or are you all on windows10?

To run nvoc properly, I think I need to disable the IGD.

I tried to disable the IGD in the bios.
I installed a pcie gpu(gtx1060) on pcie1 slot.
I connected a monitor to the gpu on pcie1.
I powered on, no display on the monitor.
I connected a monitor to the builtin vga on the board, no display on the monitor.

Am I doing something wrong? Help???

see crazydane's config

Rule of thumb:

0. Ensure your board boots, press ON button, listen for beep, if not then reseat DDR3 RAM and ensure all cabling tight and secure
1. Most BIOS defaults at GPU0 for monitor (PCI slot closest to CPU)
2. To use ONDA onboard mobo graphics - you actually need to change BIOS
3. In use smOS or nvOC, no changes required in BIOS to get mining running.
4. Plug monitor at GPU0, save BIOS and let it run.
5. logically Win10 will probably same as above.
6. I use smOS Linux mostly for my rigs - for ease of deployment, except for VEGA/Win10 and older rigs 1080ti Equihash/nvOC

what are your guys preferred rams? / why?

Anyone picking up an S9 from the current batch?

Many good ones.

Samsung makes the best. My opinion based on using hundreds no thousands of ram sticks building pcS.

Every year ram prices go up in fall.

I used to get 4gb for 25
8gb for 50
16gb for 95

I had a deal 2016 sept Labor Day 2 16gb sticks of ram laptop 128 dollars.

I went back to order more less then 1 hour later gone I think the seller made a mistake .

citronick

legendary

Activity: 1834

Merit: 1080

---- winter*juvia -----

Quote from: VoskCoin on November 29, 2017, 06:55:01 PM

...
what are your guys preferred rams? / why?

Anyone picking up an S9 from the current batch?

Been using Crucial since my first rig in 2015 - so far no issues with this brand as far as RAMs are concerned.

Anybody noticed that RAMs are more expensive nowadays?

Lately with this China motherboards that uses notebook style memory, my supplier's recommendation on ADATA and RAMAXEL, quite spot on - no issues so far.

Since we are in this topic, best USB stick for me is Sandisk USB 3.0 Cruzer series, works very well in smOS, nvOC and also not too shabby with running virtual Windows images like Win2Go.

Canaan sent me an email about the new A8 series... so will save funds for that.

VoskCoin

sr. member

Activity: 1414

Merit: 487

YouTube.com/VoskCoin

Quote from: citronick on November 29, 2017, 05:18:33 PM

Quote from: henyojess on November 29, 2017, 02:08:16 PM

@citronick and other guys/gals with Onda D1800

Hi all. Are you able to run the Onda D1800 with nvOC? Or are you all on windows10?

To run nvoc properly, I think I need to disable the IGD.

I tried to disable the IGD in the bios.
I installed a pcie gpu(gtx1060) on pcie1 slot.
I connected a monitor to the gpu on pcie1.
I powered on, no display on the monitor.
I connected a monitor to the builtin vga on the board, no display on the monitor.

Am I doing something wrong? Help???

see crazydane's config

Rule of thumb:

0. Ensure your board boots, press ON button, listen for beep, if not then reseat DDR3 RAM and ensure all cabling tight and secure
1. Most BIOS defaults at GPU0 for monitor (PCI slot closest to CPU)
2. To use ONDA onboard mobo graphics - you actually need to change BIOS
3. In use smOS or nvOC, no changes required in BIOS to get mining running.
4. Plug monitor at GPU0, save BIOS and let it run.
5. logically Win10 will probably same as above.
6. I use smOS Linux mostly for my rigs - for ease of deployment, except for VEGA/Win10 and older rigs 1080ti Equihash/nvOC

what are your guys preferred rams? / why?

Anyone picking up an S9 from the current batch?

dragonmike

hero member

Activity: 1274

Merit: 556

Quote from: philipma1957 on November 29, 2017, 03:25:19 PM

Quote from: henyojess on November 29, 2017, 02:08:16 PM

@citronick and other guys/gals with Onda D1800

Hi all. Are you able to run the Onda D1800 with nvOC? Or are you all on windows10?

To run nvoc properly, I think I need to disable the IGD.

I tried to disable the IGD in the bios.
I installed a pcie gpu(gtx1060) on pcie1 slot.
I connected a monitor to the gpu on pcie1.
I powered on, no display on the monitor.
I connected a monitor to the builtin vga on the board, no display on the monitor.

Am I doing something wrong? Help???

works well with smos.

oh coins dropped to 9700

I sold 3000 worth at around 11000 a coin. So I am pretty happy

Good trade, congrats.
I've been selling most of my BTC on the way up, and stupidly "invested" some in dodgy ICO's that are now worth a third of ICO price. Can't win them all... Tongue

At least I finally got my Onda D1800 today so I'll try to get the 6x Vega56 rig set up before the end of the weekend.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: citronick on November 29, 2017, 05:18:33 PM

Quote from: henyojess on November 29, 2017, 02:08:16 PM

@citronick and other guys/gals with Onda D1800

Hi all. Are you able to run the Onda D1800 with nvOC? Or are you all on windows10?

To run nvoc properly, I think I need to disable the IGD.

I tried to disable the IGD in the bios.
I installed a pcie gpu(gtx1060) on pcie1 slot.
I connected a monitor to the gpu on pcie1.
I powered on, no display on the monitor.
I connected a monitor to the builtin vga on the board, no display on the monitor.

Am I doing something wrong? Help???

see crazydane's config

Rule of thumb:

0. Ensure your board boots, press ON button, listen for beep, if not then reseat DDR3 RAM and ensure all cabling tight and secure
1. Most BIOS defaults at GPU0 for monitor (PCI slot closest to CPU)
2. To use ONDA onboard mobo graphics - you actually need to change BIOS
3. In use smOS or nvOC, no changes required in BIOS to get mining running.
4. Plug monitor at GPU0, save BIOS and let it run.
5. logically Win10 will probably same as above.
6. I use smOS Linux mostly for my rigs - for ease of deployment, except for VEGA/Win10 and older rigs 1080ti Equihash/nvOC

the 1 Onda 1800

and multiple Onda B2500 run on smos easy peasy

and the generic 8 slot runs on smos no issues with smos

citronick

legendary

Activity: 1834

Merit: 1080

---- winter*juvia -----

Quote from: henyojess on November 29, 2017, 02:08:16 PM

@citronick and other guys/gals with Onda D1800

Hi all. Are you able to run the Onda D1800 with nvOC? Or are you all on windows10?

To run nvoc properly, I think I need to disable the IGD.

I tried to disable the IGD in the bios.
I installed a pcie gpu(gtx1060) on pcie1 slot.
I connected a monitor to the gpu on pcie1.
I powered on, no display on the monitor.
I connected a monitor to the builtin vga on the board, no display on the monitor.

Am I doing something wrong? Help???

see crazydane's config

Rule of thumb:

0. Ensure your board boots, press ON button, listen for beep, if not then reseat DDR3 RAM and ensure all cabling tight and secure
1. Most BIOS defaults at GPU0 for monitor (PCI slot closest to CPU)
2. To use ONDA onboard mobo graphics - you actually need to change BIOS
3. In use smOS or nvOC, no changes required in BIOS to get mining running.
4. Plug monitor at GPU0, save BIOS and let it run.
5. logically Win10 will probably same as above.
6. I use smOS Linux mostly for my rigs - for ease of deployment, except for VEGA/Win10 and older rigs 1080ti Equihash/nvOC

crazydane

full member

Activity: 558

Merit: 194

I'm running the Onda D8P with nvOC with no issues. I got 1070Ti's in GPU slots 0 and 2, and 1060's in slots 3-7.

I have monitor connected to GPU in slot 0. I don't believe I changed any of the defaults in the BIOS. It just worked.

I installed nvOC onto a little $20 Msata SSD.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: henyojess on November 29, 2017, 02:08:16 PM

@citronick and other guys/gals with Onda D1800

Hi all. Are you able to run the Onda D1800 with nvOC? Or are you all on windows10?

To run nvoc properly, I think I need to disable the IGD.

I tried to disable the IGD in the bios.
I installed a pcie gpu(gtx1060) on pcie1 slot.
I connected a monitor to the gpu on pcie1.
I powered on, no display on the monitor.
I connected a monitor to the builtin vga on the board, no display on the monitor.

Am I doing something wrong? Help???

works well with smos.

oh coins dropped to 9700

I sold 3000 worth at around 11000 a coin. So I am pretty happy

henyojess

member

Activity: 65

Merit: 10

@citronick and other guys/gals with Onda D1800

Hi all. Are you able to run the Onda D1800 with nvOC? Or are you all on windows10?

To run nvoc properly, I think I need to disable the IGD.

I tried to disable the IGD in the bios.
I installed a pcie gpu(gtx1060) on pcie1 slot.
I connected a monitor to the gpu on pcie1.
I powered on, no display on the monitor.
I connected a monitor to the builtin vga on the board, no display on the monitor.

Am I doing something wrong? Help???

timbereagle

hero member

Activity: 881

Merit: 502

Quote from: philipma1957 on November 29, 2017, 07:21:39 AM

and this morning I cashed some in at 10900

At this point take some fucking profit.

@ gabryrox if you have 3 coins at coinbase don't sell 10 % sell 1% often.

3 coins = 32700 1% = 327

I saw the market in the 90's some of my friends had millions.

I begged them to cash ¼ and buy 30 US bonds giving 8% interest. they would still be getting 80 k on every million in bonds they purchased

on guy the banker peaked at 39 million in 2000 I could not convince to buy any 30 year bonds.

So maybe I can convince you to sell some of you coins at 10,500 plus

Even if it is 1% a day for the next 5 days. Grin

Yeah If I did not sell a single coin I would have more then I have, but I got a lot my way with no stress.

One of the most correct action, this market is so violate we should all take profits. If BTC climbs higher, it is good but what if it drops %50-60 and stays there some time?

I cashed out slowly at 6K,7K,8K,9K , if BTC hits 20K I do not care, made my nice profit already.

Marvell2

full member

Activity: 1148

Merit: 132

Quote from: vapourminer on November 29, 2017, 08:40:57 AM

Quote from: philipma1957 on November 29, 2017, 07:21:39 AM

and this morning I cashed some in at 10900

At this point take some fucking profit.

@ gabryrox if you have 3 coins at coinbase don't sell 10 % sell 1% often.

3 coins = 32700 1% = 327

I saw the market in the 90's some of my friends had millions.

I begged them to cash ¼ and buy 30 US bonds giving 8% interest. they would still be getting 80 k on every million in bonds they purchased

on guy the banker peaked at 39 million in 2000 I could not convince to buy any 30 year bonds.

So maybe I can convince you to sell some of you coins at 10,500 plus

Even if it is 1% a day for the next 5 days. Grin

Yeah If I did not sell a single coin I would have more then I have, but I got a lot my way with no stress.

yeah im selling a bit. i had hoped to wait till the new year as then we will have a nice federal tax credit for that year because we will have a 6 kw (maybe 12, we are debating) solar system put in and it will offset offset the taxes from selling any decent amount of coin. but this price is too good to pass up cashing in a bit.

lol i sell 90% of the BTC i mine from 600 all the way to 10k lol

yeah i left a ton of mony on the table probbaly millions but I put it all back into my farm or to pay electricity bills which is all a good tax deduction

by the time btc hits 100k I wont care sicne ill be mining close to 1 BTC a week

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: rs1x on November 29, 2017, 09:10:40 AM

B Stock - EVGA GeForce GTX 1080 SC GAMING, 08G-P4-6283-KB, 8GB GDDR5X

Code:

https://www.evga.com/products/product.aspx?pn=08G-P4-6283-RX

pretty good price.

I may order 4 of these from them.

https://www.evga.com/products/product.aspx?pn=08G-P4-5170-RX

@ generalt yeah I cashed in a lot of coins for the month of November

between btc and bcc maybe 20k

and I purchased 5 s-9s so 8k more so 28k total this month give or take a k.

generalt

legendary

Activity: 1096

Merit: 1021

Quote from: philipma1957 on November 29, 2017, 12:10:16 AM

Well I cashed some at 9900
I cashed some at 10,400

At this point I may cash everything.

Not much coin left to cash been cashing in every day since we got over 8000.

My stash of coins have been depleting as well as I've been cashing in a lot. Taxes are really going to hurt this year but what can you do.

Also just want to remind people that if you use nicehash they only charge 2% if you mine to a nicehash address and then 0.0003 or 0.2% to withdraw it. You can see their fees here:

https://www.nicehash.com/help/fees

rs1x

full member

Activity: 284

Merit: 102

B Stock - EVGA GeForce GTX 1080 SC GAMING, 08G-P4-6283-KB, 8GB GDDR5X

Code:

https://www.evga.com/products/product.aspx?pn=08G-P4-6283-RX

Topic: Sixth alt coin thread I forgot to mod last thread. - page 51. (Read 80191 times)