Quote from: NoDisco on August 20, 2013, 02:08:22 PM

Anyway, I'll leave the forum. I came here naively seeking genuine answers about miners and what not. I had some really good advice from people when I asked about miner security. But it seems it's impossible to get any straight answers on this forum where people have vested interests.

Too many nutters, trolls and out and out liars. I might as well ask my elderly grandmother and get just as good answers.

Well hopefully she'll use her stick and smack your ass up.

I too can copy and paste PMs. These were all from the 14th. Nothing here that's out of the ordinary, never spoke to the guy beforehand. He asked for some good advice, and got it. No idea what he's complaining about. Then he listen's to KS's BS without reading up any facts for himself, and goes totally fruit of the loom at me.;

Quote from: NoDisco on August 14, 2013, 10:34:46 PM

Hi Bitcoinorama

I'm London based and saw you mention this about hosting "Also the one Sam's brother is hosting at in the UK as well.".

Do you have any more info on that? I don't really know much about who is interested in KNC in the UK or what is available here.

Cheers
ND

Quote from: Bitcoinorama on August 14, 2013, 10:42:39 PM

There's meant to be a new place in the city in London. I've been meaning to give them a ding.

Sam's bro as far as I know is offering shares within units on contract terms.

Ask the guy if he'll consider hosting. If he's anything like Sam he'll be cool to chat to.

Quote from: NoDisco on August 14, 2013, 10:48:49 PM

Do you mind if I ask another quick question? Did you figure out any way to deal with / claim back UK VAT? I'm not VAT registered, so don't know if there is any way to claim it back?

Cheers

ND

Quote from: Bitcoinorama on August 14, 2013, 10:56:06 PM

Dude you're going to have to register as a sole trader. It's not like you'll earn anything in a currently recognised currency, plus if hosting at your house you get your electricity written off and can charge yourself rent. There's quite a few perks. A good accountant can advise you. You'll pay capital gains on any profit (over £8k *i think*)

Otherwise someone who you know that owns a business could buy for you I guess. But that's probably not officially allowed.

Quote from: NoDisco on August 14, 2013, 11:15:00 PM

I'm already self employed. But you don't (can't?) register for tax I thought unless you earn over £70k (which I'm defo not Cheesy

).

If these miners really do run with standard PC power supplies, then the elec won't be that much. I suppose I could charge myself rent/hosting costs, but it all doesn't really seem to add up to much.

The VAT is the big bite I'd like to be able to claim back.

Anyway, thanks for your help. I'll do some more research. But I'm fairly sure a buyer not registered for VAT will be treated as a consumer buying a business product and have to just stomach the cost. At least their won't be duty to pay on it - the EU is good for something!

If you are ever around East London, I'll buy you a coffee

Would be good to hear first hand your thoughts on KNC chances of Sept delivery. At least we know today they got a case and fans!

Cheers
ND

Quote from: Bitcoinorama on August 14, 2013, 11:19:50 PM

Dude of course you can claim VAT back, you can on anything that's a 'legitimate' business expense. Wink

Quote from: NoDisco on August 14, 2013, 11:24:55 PM

lol. That fan heater cost me 10k and I want to claim back my VAT/winter heating allowance!

Not to get Columbo on you, but just one last thing. I read in one of your posts you said that if you pay by credit card through paypal, paypal "negates" the credit card protection rights? So really the 45 day period on paypal is the only protection, even if the payment came through a credit card?

Cheers
ND

Quote from: Bitcoinorama on August 14, 2013, 11:58:44 PM

No read again, depends on the issuing bank, although that's more a US issue as they don't have Section 75, though check with your credit card issuing bank, and be very honest with them.