Search content
Sort by

Showing 11 of 11 results by Prinny
Post
Topic
Board Legal
Re: Preparation for taxes
by
Prinny
on 25/02/2016, 22:52:49 UTC
What if I receive a small amount of bitcoins (even if it's just a few cents worth)  from a bitcoin faucet, does that also count as  income?

*roll eyes* In Canada no, until you convert it to Fiat. In some places yes. But its not like you can declare that you received 0.0001$. You can add 0.01$ to your "Other income" field if it would make you feel better.

Are you trolling?

I'm not trolling, I am being serious and i'm sorry for sounding like an idiot.
Post
Topic
Board Legal
Re: Preparation for taxes
by
Prinny
on 25/02/2016, 22:44:55 UTC
What if I receive a small amount of bitcoins (even if it's just a few cents worth)  from a bitcoin faucet, does that also count as  income?
Post
Topic
Board Legal
Re: Preparation for taxes
by
Prinny
on 25/02/2016, 21:54:47 UTC
What if I convert from one virtual currency to another, is there another tax included in the conversion?
Post
Topic
Board Legal
Re: Preparation for taxes
by
Prinny
on 24/02/2016, 14:23:51 UTC
What if mining does become the main source of income, do I still need to file for taxes?
Post
Topic
Board Legal
Re: Preparation for taxes
by
Prinny
on 24/02/2016, 08:51:26 UTC
What if I start mining for bitcoins for example, do I have to report the coins earned as income?
Post
Topic
Board Legal
Topic OP
Preparation for taxes
by
Prinny
on 24/02/2016, 08:27:52 UTC
How do I file for taxes while earning any crypto currency such as bitcoin, litecoin, DASH, etc?
Post
Topic
Board Mining (Altcoins)
Topic OP
GPU Mining Support
by
Prinny
on 18/12/2015, 20:50:51 UTC
Is it possible to control a GPU mining rig using a laptop?

I'm trying to mine for Monero coin (XMR).
Post
Topic
Board Economics
Re: Bitcoin Cloud Services
by
Prinny
on 26/11/2015, 23:34:28 UTC
look not far then these cloud service, hashnest genesismining and bit-x

then you have a bunch of good renting site, like miningrigrental(i've done plenty of renting here, i was renting like 50-60 rig one time) nicehash and betarigs

everything else you will find is most likely a scam

How do you use miningrigrental?
Post
Topic
Board Economics
Re: Bitcoin Cloud Services
by
Prinny
on 26/11/2015, 11:02:09 UTC
10 Ths for 0.000894 BTC! That would definitely be too good to be true!  Cheesy

Research, research and more research Prinny, there's a lot of scammers out there......

And like an idiot, I fell for it.
Post
Topic
Board Economics
Re: Bitcoin Cloud Services
by
Prinny
on 26/11/2015, 10:54:22 UTC
No one give the user the answer he or she is looking for.

A lot of Bitcoiner uses the Thai bath symbol to refer to Bitcoin as it look like a "B" with a currency "line". The services is asking for 11 BTC and not 11 Thai Bath. Like what others said, dont invest in cloud mining. It is most likely a scam attempt. Even if it is not, (legit) cloud mining will take you a long time to gain profit.

Thank you for your answers, it was very helpful.
Post
Topic
Board Economics
Topic OP
Bitcoin Cloud Services
by
Prinny
on 26/11/2015, 10:20:10 UTC
Just recently, I found this website called bitcoincloudservices and when I decide to purchase a few terrahash. It is asking me to pay 11.0000 ฿, which is 11.0 Thai Baht, according to the symbol. But when I received an email for the order receipt, they said I have to pay "Amount (BTC): 11.0." So, at this moment I am a bit confused on how much I have to pay, 11.0 ฿ Thai Baht (or 0.000894 BTC at the time of this post) or 11.0 BTC.