Looks like I might be best off selling my Mercury with upgrade card (pseudo-Saturn). I receive Social Security disability benefits. If I had just bought bitcoins instead of mining I'd have been okay. As it is, the US IRS seems to be saying mining bitcoins creates the asset and taxes must be paid according to the value when sent to the miner, e.g. the blockchain dollar value of the payout. Since I took money out of my IRA to buy mining gear and pay bills my income had reached taxable levels in 2013. Now when I add in the value of the roughly 16 btc I mined in 2013 (I have some other small miners too), not only am I way over and need to pay taxes, but Social Security will turn around and want the disability payments paid back. That's the crux. So, a large part of what I mined will be hit by disability payback because I mined. And, as my mining is only a hobby and not a business I am not permitted to deduct expenses or cost of equipment. If I sell my pseudo-Saturn I can deduct its cost before 2014 taxes on the profit. Looks like I might be best off selling my Mercury with upgrade card (pseudo-Saturn). I receive Social Security disability benefits. If I had just bought bitcoins instead of mining I'd have been okay. As it is, the US IRS seems to be saying mining bitcoins creates the asset and taxes must be paid according to the value when sent to the miner, e.g. the blockchain dollar value of the payout. Since I took money out of my IRA to buy mining gear and pay bills my income had reached taxable levels in 2013. Now when I add in the value of the roughly 16 btc I mined in 2013 (I have some other small miners too), not only am I way over and need to pay taxes, but Social Security will turn around and want the disability payments paid back. That's the crux. So, a large part of what I mined will be hit by disability payback because I mined. And, as my mining is only a hobby and not a business I am not permitted to deduct expenses or cost of equipment. If I sell my pseudo-Saturn I can deduct its cost before 2014 taxes on the profit. Looks like I might be best off selling my Mercury with upgrade card (pseudo-Saturn). I receive Social Security disability benefits. If I had just bought bitcoins instead of mining I'd have been okay. As it is, the US IRS seems to be saying mining bitcoins creates the asset and taxes must be paid according to the value when sent to the miner, e.g. the blockchain dollar value of the payout. Since I took money out of my IRA to buy mining gear and pay bills my income had reached taxable levels in 2013. Now when I add in the value of the roughly 16 btc I mined in 2013 (I have some other small miners too), not only am I way over and need to pay taxes, but Social Security will turn around and want the disability payments paid back. That's the crux. So, a large part of what I mined will be hit by disability payback because I mined. And, as my mining is only a hobby and not a business I am not permitted to deduct expenses or cost of equipment. If I sell my pseudo-Saturn I can deduct its cost before 2014 taxes on the profit. Looks like I might be best off selling my Mercury with upgrade card (pseudo-Saturn). I receive Social Security disability benefits. If I had just bought bitcoins instead of mining I'd have been okay. As it is, the US IRS seems to be saying mining bitcoins creates the asset and taxes must be paid according to the value when sent to the miner, e.g. the blockchain dollar value of the payout. Since I took money out of my IRA to buy mining gear and pay bills my income had reached taxable levels in 2013. Now when I add in the value of the roughly 16 btc I mined in 2013 (I have some other small miners too), not only am I way over and need to pay taxes, but Social Security will turn around and want the disability payments paid back. That's the crux. So, a large part of what I mined will be hit by disability payback because I mined. And, as my mining is only a hobby and not a business I am not permitted to deduct expenses or cost of equipment. If I sell my pseudo-Saturn I can deduct its cost before 2014 taxes on the profit. 
