[Chugalug] BTC mining-pools ...

Lynn Dixon boodaddy at gmail.com
Mon Aug 5 23:21:49 UTC 2013


Phil,
Thats a pretty good idea!  Did you have any issues reporting the income
come tax time?


On Mon, Aug 5, 2013 at 7:16 PM, Phil Sieg <phil.sieg at gmail.com> wrote:

> Lynn,
>
> I made a small pile of money about 8 years ago in forex. All was offshore,
> and I transferred it to an offshore bank that offered international ATM
> cards.
>
> I simply withdrew cash for a long time as I needed it.
>
>  Phil Sieg
> President
> SeniorTech LLC / snapfōn®
> www.snapfon.com
> phil.sieg at seniortechllc.com
>
> Phone: 423.535.9968
> Fax: 423.265.9820
> Mobile: 423.331.0725
>
> *"The computer is the most remarkable tool that we've ever come up
> with. It's the equivalent of a bicycle for our minds."
>
> *
> *Steve Jobs, 1955-2011*
>
>
>
>
> On Aug 5, 2013, at 6:49 PM, Lynn Dixon <boodaddy at gmail.com> wrote:
>
> I had been holding ALOT of btc. luckily, I held onto them until they hit
> the $240 mark and then dumped every single one I had.
>
> I got them from my mining operations, as well as "day-trading" using BTC
> in buying and selling foreign currencies.  So, I guess I made a few
> thousand USD off by using BTC as a trade medium for FOREX.
>
> I am glad I sold off all I had, since it topped out around $260-ish.  I
> have kept my mining rigs going, and I have collected a "few" more btc since
> then, and I have been holding on to them.
>
> I have made a metric crap ton of money from BTC.  I always love hearing
> the critics of BTC telling me "better be careful! It has no value!" because
> I can prove that they do indeed have value...and lots of it.
>
> And thats about all I want to share of my earnings on a public list :-)  I
> am still a bit worried what I will do come tax time, and  I have to move
> that money back into the US.
>
>
>
> On Mon, Aug 5, 2013 at 6:42 PM, Matt Keys <mk6032 at yahoo.com> wrote:
>
>>  I thought I was doing great when I stockpiled roughly 100 of them
>> around $2-6 value and in Dec sold at $12. Imagine the sickening feeling I
>> had when I saw the price hit +$230 in Feb. In the btc world it seems a bird
>> in the hand is not worth two in the bush. Hang on to them if you got them
>> -- I don't think they'll go anywhere but up from here.
>>
>>
>> On 08/05/2013 03:21 PM, James Nylen wrote:
>>
>>  Ahh, notice how adroitly your pocket is being picked:  a dollar has no
>> real value, but a loaf of bread certainly does, ....
>>
>>  Call it what you will, but those who got into Bitcoin early have done
>> extremely well.  Also, there is a pretty clear exponential trend relative
>> to the dollar, which implies its value is still increasing.
>> http://bitcoincharts.com/charts/mtgoxUSD#tgSzm1g10zm2g25zvzl
>>
>>
>> On Mon, Aug 5, 2013 at 2:31 PM, Mike Robinson <miker at sundialservices.com>wrote:
>>
>>> Ahh, notice how adroitly your pocket is being picked:  a bitcoin has no
>>> real value, but $110 USD certainly does, and it not-coincidentally more or
>>> less matches what this "phantom unit of non-currency" "sells" for these
>>> days. You're being conned into =paying= for "money for =nothing.="
>>>
>>> There is NO such thing as a Free Lunch.  There are, however, "two to
>>> take him."
>>>
>>>
>>> >
>>> > On Mon, Aug 5, 2013 at 11:48 AM, Lynn Dixon <boodaddy at gmail.com>
>>> wrote:
>>> >
>>> >> Prices are at about $110 USD per btc. They have risen and leveled off
>>> >> these past few weeks.
>>> >>
>>> >> I have been using eclipsemc.com as my pool since Bithasher.com shut
>>> down.
>>> >> I used to mine st btcguild but switched a while back.
>>>
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>>
>>
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