I have an opportunity to mine and not pay any electricity bills, I'm thinking about buying the Antminer S9, which is the most profitable and best miner on the market. Do you think it's a good idea? I have already profits from bitcoin that would cover the whole investment. Of course purchasing from Bitmain.
1) Are there any tax that I should pay when it arrives to my country (CZ)?
2) Do you mine? If so or if you're knowledgeable which pool would you recommend me? I'm actually from CZ, the origin of the world's first bitcoin mining pool (Slush Pool), I guess Slush Pool would be great, heard that joining for example Antpool as a small miner doesn't give u so much profit.
3) Why do you think Bitmain sells these machines and not just use them to win even more blocks?
Go for it. Remember people often change their minds when they see just how much electicity you're actually using.
1. Probably there is an import duty (UK is same as VAT - 20%!!!!) , but you may get away without. Depends on many things, like the carrier.
2. Use Slush and some backup pools. Actually any pool should pay the same. Slush seems more popular round here.
3. To get some guaranteed returns up front.
Maybe move thread to mining speculation for more experienced commentary....
Bitmain uses UPS for this, it's paid with bitcoin, do you think that would qualify for paying import duty if the requirements are that if it's over 150 EUR, you pay the VAT 21 % + duty 15 % in my country or would they let it go? And we make 10 times less money for the same work than people in the US just for comparison.
from different topic
live in Ecuador. Bitmain sent mine with DHL and listed it on the invoice as a "Video Game Gateway" and listed the value about $160. Ecuadorian Customs only charged about $16 for the duty, which DHL covered and then charged me $10 for the service. So I only paid $26 more than the price of the miner and there was no delay in delivery.
