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Bitcoin Networked

Bitcoin Networked

Bitcoin Networked
Bitcoin Tax Accountant FAQ

by Jason M. Tyra on January 3, 2014 0

Even after a solid year of growth and six months of near constant exposure in the mainstream media, Bitcoin remains a niche area, mostly followed by hard-core techies. Many practitioners won’t go near it for fear of getting caught up in the regulatory uncertainty, while others may genuinely try to help their clients, but recklessly fail to consider the attributes that make Bitcoin unique among taxable assets.

As a Certified Public Accountant who focuses on entrepreneurs and small businesses, I tend to get the same questions and help clients with the same issues on a regular basis. The basis for this article was an adaptation of one such e-mail exchange with a client in December of 2013. It should be clear where I have made a statement of opinion. Nevertheless, I will make this disclaimer up front – my opinions are mine alone and should not be construed as tax or accounting advice in this context. You should always consult a qualified tax professional about your personal situation before taking any tax position and especially before taking a position on an issue as complex as Bitcoin.

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We’ve got a Butterfly Labs Bitcoin miner, and it’s pretty darn fast

Gear & Gadgets / Product News & Reviews

The loud little box busily decodes money at 5.35 billion hashes per second.

  by       –    May 8 2013, 7:45pm EDT

Apparently, I’m a Bitcoin miner now, and it looks like I’m actually pretty good at it. Ars is currently in possession of one of the elusive but very real Butterfly Labs Bitcoin Miners. It’s a tiny little black box that fits in the palm of my hand, and it contains a specialized ASIC adept at chewing through SHA-256 cryptographic functions—exactly the kind of calculations necessary to bring more Bitcoins into the world. Turns out, it’s very good at what it does: it computes hashes at the rate of about 5.3 billion per second.

Enlarge / The Butterfly Labs BitCoin Miner.
Lee Hutchinson

FULL Story & more picture here

The Strange NovaCoin ™

The Strange NovaCoin (tm)

NovaCoin ™ registration

Pre-Launch is under-way for the digital currency to make its debut in the gaming industry.  Having met great resistance by the World Banking Industry BitCoin has survived the gauntlet and has proved itself to be a heavy hitter in the monetary world powers.

Just like the California Gold-Rush it would be prudent to activate your BitCoin Wallet asap and have the infrastructure in place for once the baton passes hand “Pandora” will be lose on the global economy and yes there is HOPE for the non-elitus.

Voice of the 98%

 

A.Castillo Sr.

Adopt-A-Gnome

Veteran’s   Day   Special 20% off

Retails for $19.95 now only $14.95 thru 12/31/2013

Description  This Porch Guardian will defend your daisies ,all decked out in his desert camouflage.  This bearded fellow shows his heartfelt support for our troops.

A light-hearted way to proclaim your allegiance to this country, and to all who defend it! All-weather resin is perfect for displaying indoors or out.

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