Hi All,
Not sure if this is the right thread to post this but I have a November Jupiter that seems to have died.
The fans are on and a blue light is visible from the front but I cannot connect to it and it does not respond to pings. Also the red and green lights on the front never go on.
What do you suggest I do ?
Trippy
Topic: Swedish ASIC miner company kncminer.com - page 573. (Read 3050075 times)
any news from nepture?
when the first pre order batc of nepture must delivered?
when the first pre order batc of nepture must delivered?
Batch 2 Neptune Order @ ~$10k USD
Ask for refund ? [Y] / [N] Why ?
Ask for refund ? [Y] / [N] Why ?
Well you can get 3TH delivered in April for less than 10k, so really its a bet on how much (if any) KNC over-delivers.
Batch 2 Neptune Order @ ~$10k USD
Ask for refund ? [Y] / [N] Why ?
Ask for refund ? [Y] / [N] Why ?
Y, KnC and BFL are the same ilk. Stop supporting those toolboxes.
Batch 2 Neptune Order @ ~$10k USD
Ask for refund ? [Y] / [N] Why ?
*crickets* Ask for refund ? [Y] / [N] Why ?
(spraying some RAID)...
At this point, if Spoonies are "on time", then a Neptune batch 2 timeline vs the 2xDawson deal(Wifi capable)....
you do the math.
*Time to "Step on it" KNC!!!
Batch 2 Neptune Order @ ~$10k USD
Ask for refund ? [Y] / [N] Why ?
Ask for refund ? [Y] / [N] Why ?
* offtopic, but a must read if you dealt with Gox http://falkvinge.net/2014/02/28/the-gox-crater-crowd-detectives-reveal-billion-dollar-heist-as-inside-job/
And the culprits are 2 French dudes - Karpeles and his marketing buddy. Our industry is filled with such scumbags.
So, one has to keep track of bitcoin value at every instant pool finds a block?
and what of the fact that only the pool is doing the actual mining and everyone else is just effort towards that?
unless you are solo mining you are not uncovering bitcoins, the pool is and you are being paid... in a very elaborate fashion since shelved shares, et all is in the mix
* offtopic, but a must read if you dealt with Gox http://falkvinge.net/2014/02/28/the-gox-crater-crowd-detectives-reveal-billion-dollar-heist-as-inside-job/
you can observe weekly hashrate contributor and network stats over here...
http://organofcorti.blogspot.com/
if you notice ghash (they have their own private pool in fact funded by those idiots who purchase their overpriced hashrate) and discus fish (chinese private pool) are becoming far more aggressive in self mining... anyway simple economies of scale will take care of all of these in the end and in the meantime i thank those dumpers (whoever they be) for cheap coins...
http://organofcorti.blogspot.com/
if you notice ghash (they have their own private pool in fact funded by those idiots who purchase their overpriced hashrate) and discus fish (chinese private pool) are becoming far more aggressive in self mining... anyway simple economies of scale will take care of all of these in the end and in the meantime i thank those dumpers (whoever they be) for cheap coins...
In the light of a mounting evidence about an aggressive self-mining done by certain ASIC manufacturers (and especially with the yesterday's rumor of 466,000USD per day being dumped on exchanges out there), we at Spondoolies decided to do something about this.
Check here for more details!
https://bitcointalksearch.org/topic/m.5901356.
Check here for more details!
https://bitcointalksearch.org/topic/m.5901356.
In the light of a mounting evidence about an aggressive self-mining done by certain ASIC manufacturers (and especially with the yesterday's rumor of 466,000USD per day being dumped on exchanges out there), we at Spondoolies decided to do something about this.
"How would you like to get your hands on a nice pair of Dawsons?"
So your solution to
certain vendors ... increasing the difficulty and lowering the ROI for everyone.
is aggressively selling shit loads of hardware, increasing the difficulty and lowering the ROI for everyone?
Sigh.
Increasing the difficulty by selling hardware to customers, versus increasing the difficulty by building a mining farm for themself on the expense of customers is not the same.
I need to point it out? sigh.
You don't cure obesity by flooding the market with cheap food.
In the light of a mounting evidence about an aggressive self-mining done by certain ASIC manufacturers (and especially with the yesterday's rumor of 466,000USD per day being dumped on exchanges out there), we at Spondoolies decided to do something about this.
pic hereEDITED OUT
"How would you like to get your hands on a nice pair of Dawsons?"
So your solution to
certain vendors ... increasing the difficulty and lowering the ROI for everyone.
is aggressively selling shit loads of hardware, increasing the difficulty and lowering the ROI for everyone?
Sigh.
Increasing the difficulty by selling hardware to customers, versus increasing the difficulty by building a mining farm for themself on the expense of customers is not the same.
I need to point it out? sigh.
In the light of a mounting evidence about an aggressive self-mining done by certain ASIC manufacturers (and especially with the yesterday's rumor of 466,000USD per day being dumped on exchanges out there), we at Spondoolies decided to do something about this.
"How would you like to get your hands on a nice pair of Dawsons?"
So your solution to
certain vendors ... increasing the difficulty and lowering the ROI for everyone.
is aggressively selling shit loads of hardware, increasing the difficulty and lowering the ROI for everyone?
Sigh.
Increasing the difficulty by selling hardware to customers, versus increasing the difficulty by building a mining farm for themself on the expense of customers is not the same.
I need to point it out? sigh.
There is some terrible tax advice in this thread.
Read this:
http://www.irs.gov/pub/irs-drop/n-14-21.pdf
Specifically, this:
Q-8: Does a taxpayer who “mines” virtual currency (for example, uses computer resources to validate Bitcoin transactions and maintain the public Bitcoin transaction ledger) realize gross income upon receipt of the virtual currency resulting from those activities?
A-8: Yes, when a taxpayer successfully “mines” virtual currency, the fair market value of the virtual currency as of the date of receipt is includible in gross income. See Publication 525, Taxable and Nontaxable Income, for more information on taxable income.
Read this:
http://www.irs.gov/pub/irs-drop/n-14-21.pdf
Specifically, this:
Q-8: Does a taxpayer who “mines” virtual currency (for example, uses computer resources to validate Bitcoin transactions and maintain the public Bitcoin transaction ledger) realize gross income upon receipt of the virtual currency resulting from those activities?
A-8: Yes, when a taxpayer successfully “mines” virtual currency, the fair market value of the virtual currency as of the date of receipt is includible in gross income. See Publication 525, Taxable and Nontaxable Income, for more information on taxable income.
I stand corrected
However that A-8 answer is a little fuzzy.
Includible?
It's not at the point you dig up a nugget/harvest a field/mine a Bitcoin. You do not realize gross income until you sell it in the market!
And then you get to nett out your costs on top of that. I doubt many make more than handful of beans after equipment/energy costs are taken out.
In the light of a mounting evidence about an aggressive self-mining done by certain ASIC manufacturers (and especially with the yesterday's rumor of 466,000USD per day being dumped on exchanges out there), we at Spondoolies decided to do something about this.
"How would you like to get your hands on a nice pair of Dawsons?"
So your solution to
certain vendors ... increasing the difficulty and lowering the ROI for everyone.
is aggressively selling shit loads of hardware, increasing the difficulty and lowering the ROI for everyone?
Sigh.
Guess it's time for another news feed on KNC's site eh?
There is some terrible tax advice in this thread.
Read this:
http://www.irs.gov/pub/irs-drop/n-14-21.pdf
Specifically, this:
Q-8: Does a taxpayer who “mines” virtual currency (for example, uses computer resources to validate Bitcoin transactions and maintain the public Bitcoin transaction ledger) realize gross income upon receipt of the virtual currency resulting from those activities?
A-8: Yes, when a taxpayer successfully “mines” virtual currency, the fair market value of the virtual currency as of the date of receipt is includible in gross income. See Publication 525, Taxable and Nontaxable Income, for more information on taxable income.
Q-9: Is an individual who “mines” virtual currency as a trade or business subject to self-employment tax on the income derived from those activities?
A-9: If a taxpayer’s “mining” of virtual currency constitutes a trade or business, and the “mining” activity is not undertaken by the taxpayer as an employee, the net earnings from self-employment (generally, gross income derived from carrying on a trade or business less allowable deductions) resulting from those activities constitute self- employment income and are subject to the self-employment tax. See Chapter 10 of Publication 334, Tax Guide for Small Business, for more information on self- employment tax and Publication 535, Business Expenses, for more information on determining whether expenses are from a business activity carried on to make a profit.
Read this:
http://www.irs.gov/pub/irs-drop/n-14-21.pdf
Specifically, this:
Q-8: Does a taxpayer who “mines” virtual currency (for example, uses computer resources to validate Bitcoin transactions and maintain the public Bitcoin transaction ledger) realize gross income upon receipt of the virtual currency resulting from those activities?
A-8: Yes, when a taxpayer successfully “mines” virtual currency, the fair market value of the virtual currency as of the date of receipt is includible in gross income. See Publication 525, Taxable and Nontaxable Income, for more information on taxable income.
Q-9: Is an individual who “mines” virtual currency as a trade or business subject to self-employment tax on the income derived from those activities?
A-9: If a taxpayer’s “mining” of virtual currency constitutes a trade or business, and the “mining” activity is not undertaken by the taxpayer as an employee, the net earnings from self-employment (generally, gross income derived from carrying on a trade or business less allowable deductions) resulting from those activities constitute self- employment income and are subject to the self-employment tax. See Chapter 10 of Publication 334, Tax Guide for Small Business, for more information on self- employment tax and Publication 535, Business Expenses, for more information on determining whether expenses are from a business activity carried on to make a profit.
how many people actually mined anything?? a pool is doing the mining and the worker bees may or may not get paid for their effort.. I never uncorked a block from the blockchain, have you? BTCGuild lists me as 2 or so blocks found back when they listed that but that wasnt really the case anyway
the deeper you look in, the muddier it gets
So, one has to keep track of bitcoin value at every instant pool finds a block?
and what of the fact that only the pool is doing the actual mining and everyone else is just effort towards that?
unless you are solo mining you are not uncovering bitcoins, the pool is and you are being paid... in a very elaborate fashion since shelved shares, et all is in the mix
In the light of a mounting evidence about an aggressive self-mining done by certain ASIC manufacturers (and especially with the yesterday's rumor of 466,000USD per day being dumped on exchanges out there), we at Spondoolies decided to do something about this.
Check here for more details!
https://bitcointalksearch.org/topic/m.5901356.
Check here for more details!
https://bitcointalksearch.org/topic/m.5901356.
I stand corrected
However that A-8 answer is a little fuzzy.
Includible?
Sounds like it must be included, just like wages, as gross income. My question now is.. How would one treat the purchase price of the mining equipment?However that A-8 answer is a little fuzzy.
Includible?
Jump to: