My name is Adrian Hibbert and I already live here at Hayes Point and want to WARN you of all the problems you may be letting yourself in for.
Again, Call me NOW on +44 7966 871854.
Adrian Hibbert
Tuesday, 29 October 2019
Hayes Point Sully For Sale and For Rent - Properties, Apartments and Flats...
Before you decide to look for Properties, Apartments and Flats For Sale or For Rent at The Headlands, The Woodlands and The Courtlands, Hayes Point, Sully, Vale of Glamorgan in South Wales then Please Please Please give me a call on +44 7966 871854 so I can help you decide in if you are making the right decision.
My name is Adrian Hibbert and I already live here at Hayes Point and want to WARN you of all the problems you may be letting yourself in for.
Again, Call me NOW on +44 7966 871854.
Adrian Hibbert
My name is Adrian Hibbert and I already live here at Hayes Point and want to WARN you of all the problems you may be letting yourself in for.
Again, Call me NOW on +44 7966 871854.
Adrian Hibbert
Friday, 25 January 2019
Important Announcement From The CEO of Omnia...
Dear OMNIA Family.
As we close the book on 2018, we wanted share some information that may help to clear up any confusion.
Since our inception, Robert Velghe has been an integral part of our founding team. In recent weeks, Robert’s interests have been elsewhere and upon many discussions, he and I agreed that it would be in both parties best interest for Robert to pursue his interests on his own, and OMNIA would continue pursuing our vision and destiny without him.
We wish Robert the best in his future endeavors, as long the relationship is amicable.
However, as always, we will do what we require to protect your business. If you have any questions or concerns regarding this matter, please reach out to your Ambassador or your Upline Diamond.
We are more excited than ever about the direction of OMNIA and the opportunities we have before us to make 2019 the best year ever for our OMNIA family, which includes you.
We wish you the best as we close the last chapter of 2018 and prepare for a record breaking new year.
Regards,
Milan Sormaz
Wednesday, 12 September 2018
What Is A Masternode And How Is It Useful For CryptoCurrency Investors
In the cryptosphere, they say only those who can finely analyze the market or are day traders can make money. But that’s not true!!
In the cryptosphere, there are several ways by which you can make profits and earn a handsome amount of money. And the best thing is that you can choose the best way that works for you and can accordingly adjust your reward/risk ratio.
One such way of earning in cryptosphere is by running a masternode, but before I tell you how to do that it is imperative that you first understand what a masternode is.
What Is A Masternode?
Masternode is simply a cryptocurrency full node or computer wallet that keeps the full copy of the blockchain in real-time, just like your have Bitcoin full nodes and is always up & running.
But masternodes are considerably different in their functionality than normal nodes.
They are different because they perform several other functions apart from just keeping the full blockchain and relaying blocks/transactions as a full node does in Bitcoin/Litcoin.
Some of the special functions that these nodes perform are:
These masternodes are not standalone but they are always communicating with other such nodes to make a decentralized network and are often referred in short form as MN.
Note: Mostly the masternodes perform the tasks that I have listed above but it can slightly vary from cryptocurrency to cryptocurrency depending upon how masternodes have been implemented. But more or less they perform these functions in a cryptocurrency.
What Does It Take To Run A Masternode?
Just like full nodes in a cryptocurrency, masternodes can be run by anyone. However, there is an entry barrier in place to ensure that the system doesn’t get malicious. The entry barrier is what one needs to commit or collateralize certain units of that particular cryptocurrency to run a masternode.
This is done to ensure that a masternode owner doesn’t cheat or corrupt the system and the best of doing so is by putting this entry barrier where the masternode operator has something at stake in the whole game.
So naturally, it becomes very less likely that a masternode operator will cheat because he has a stake in running the whole system and even if he chooses to do so he will be punished in the form of devaluation of their own HODLings.
Now that you have understood the concept of masternode, let us see what all things are required to set it up:
These are the pretty much same requirements for any masternode cryptocurrency.
Now I know some you might be thinking that to meet all these above pre-requisites one needs to spend first, so then how will someone earn?
Absolutely correct! And this takes me to my next section of this write-up which gives further clarity on the topic.
How Are Masternodes Useful For Cryptocoin Investors?
Masternodes are very useful for crypto investors because of running a masternode you are incentivized. Consider it just like earning a monthly or weekly interest on your crypto holdings.
Different cryptocurrencies have different incentive models through which an MN operator can earn a decently monthly or weekly income. I call it smart passive income.
If you are invested in a cryptocurrency that allows you to run a masternode, you should definitely explore that option of earning.
Another thing to understand here is that you should choose the right currency for investment if you are solely investing for running a masternode. You should compare the percentage yield against the investment. In short, you should smartly calculate your ROI.
As of now, there are numerous cryptos out there in the market that allow you to run a masternode but not all of them are worth running because of meager incentives they provide.
What’s Next?
I know the next thing that you would like me to talk about would be which cryptos to choose for running a masternode or some of you would also like to know how to identify if the crypto in which one has already invested allows running a masternode.
For people with such queries, there are few links where you can check if your crypto allows you to host an MN or not.
Friday, 31 August 2018
Quaestor Solutions
FUN FACTS ABOUT QUAESTOR SOLUTIONS LLC:
WE ARE 100% OPEN IN USA, CANADA, EUROPE, ASIA, AFRICA, SOUTH AMERICA, AUSTRALIA + PACIFIC, AND CARIBBEAN!
- We are a Bitcoin in, Bitcoin out company
- Quaestor Solutions LLC will be registered in Malta by official launch.
- Official Launch is on September 9, 2018, which is also our CEO Svend’s Birthday and our Founding Global Master Distributor Keld’s Birthday too!
- We have in-house advanced programming team helping us build the network marketing and crypto / blockchain components to our company
- Our Pre-Launch is from August 8 to September 8, 2018
- All members can earn BTC during our Pre-Launch
- We have a 3x10 Forced Matrix Compensation Plan
- Website launched August 10, 2018
- We will launch our Quaestor Digital Currency Exchange in Q3 2019
- Http://AdrianHibbert.com/Quaestor
- Quaestor Coin will launch at a price of $3 per coin (we’re not sure exact date coin will be on the public exchanges)
- The only way to buy Quaestor Coins will be on the public exchanges
- To setup a Quaestor Master Node, you will require 2000 Quaestor Coins
- There are 20,000,000 (Twenty Million) Quaestor Coins
- We recommend setting up QUAESTOR, POLIS, LINDA, and APOLLON Master Nodes
THE THREE MASTER NODE COINS WE RECOMMEND SETTING UP BEFORE THIS OFFER EXPIRES ON OCTOBER 31, 2018 ARE:
- POLIS COIN
- Requires you to buy 1010 Polis Coins on an exchange
- Total cost of about 0.2 BTC
- Pays out approximate 12% to 14% per month
- LINDA COIN
- Requires you to buy 2,010,000 Linda Coins
- Total cost of about 0.45 BTC
- Pays out approximately 8% to 12% per month
- APOLLON COIN
- Requires you to buy 25,050 Apollon Coins
- Total cost of about 0.15 BTC
- Pays out approximately 11% to 14% per month
What is a MasterNode
Step 1:
Join My Quaestor Facebook Group Chat
Step 2:
The Smart Way to Mine and Stake Crypto using MasterNodes...Start with as little as €100...#Passive #NoMonthlyCharge
>> Http://AdrianHibbert.com/Quaestor
Step 3:
After watching the 2 Videos in Step 1 then sign up to Quaestor on link below with either €100 or €200...
>> https://secure.quaestor.io/Account/Register?referral=10001174
Step 4:
Once you Paid your €100 or €200 then Add yourself to the Paid Group below...
Call me anytime on +44 7966 871854
Adrian Hibbert
Bitcoin Millionaire
Monday, 30 July 2018
AltCoins - The Bubble Effect...
The Bubble Effect Of Alts
in 2017 and that even prolonged until now, alts were overvalued and undervaluable.
Just to paint you a picture, so you understand this correction better and why is happening what is happening.
Imagine I came to you and say, hey I want $500k to open a strip club,
it probably won't be profitable, but we will have a good time...
... only as a friend you would invest in it, right?
You wouldn't do it as a business move.
Now. imagine the same scenario, just on blockchain...
that I did an ICO in 2017 for a strip club that you even know will lose money but will have some real estate backing etc..
.. I could get a hundred million dollar investment based on it!
And the funniest part... or craziest how you want it...
it would be one of the top 20% best ICOs!
because majority were pure dust and not even any real business backing.
So that gives us 100MM to 500k it is around 200 times inflated bubble.
So you tell me, how low you think it can dip?
The risk is too big to be with any serious investment in shitty alts.
You can do it for your heart, pick top most aggressive alts that will either make it big or drop to zero and hold 15-30% of them and monitor them actively... however, with your food-on-the-table portfolio... don't play.
I told you, the game now in alts vs btc is changing.
This correction was needed.
And if you're going to think as a gambler, then you'll say in two weeks I was wrong when alts pump. And alts probably will pump... but do the risk to reward... 30% on the upside... 80%-100% on the downside.
The first new money is going to come into Bitcoin. Nothing else. Bitcoin had a strong relations to alts, and will continue, just the numbers in that relations will change, at the cost of alts.
We might have one more bullish alt cycle before etf where you tell me - what the fuck you talked about - you see alts pumping and I sold em on your advice... but at the same time... with etf, most people, 90% of people out there are for a nasty surprise when they see bitcoin hyperbullish and their alts not as much.
So, do I advise to sell your alts now?
Not at all.
We in Premium sold it just because we have an alt that will grow faster than our other alts while remain stable. Otherwise, we would sell alts when btc would be around 12k and dipped alts would mostly recover.
For now, do these three questions:
1) Which of my alts are good for blockchain
2) Even if they are legit projects - how are they affected with 200:1 formula given above?
3) see them performing vs other alts..
and decide on their relative power and what you want to do with them.
Strong projects like ZRX I definitely wouldn't sell now... it went into a dip and it is getting out of a dip... while some shitty coin with no need for blockchain, or with questionable need... I'd wait for 12k btc and ditch.
My opinion only. For you it's to do your own research. This is one perspective to think about, so that you are not last in the new cycle.
You have been first in this bearish cycle to sell btc when I announced in early january. I want you to be first to know that majority of money will be coming from institutions to Bitcoin and not to shitcoin 330... and to top 20 alts.
D
in 2017 and that even prolonged until now, alts were overvalued and undervaluable.
Just to paint you a picture, so you understand this correction better and why is happening what is happening.
Imagine I came to you and say, hey I want $500k to open a strip club,
it probably won't be profitable, but we will have a good time...
... only as a friend you would invest in it, right?
You wouldn't do it as a business move.
Now. imagine the same scenario, just on blockchain...
that I did an ICO in 2017 for a strip club that you even know will lose money but will have some real estate backing etc..
.. I could get a hundred million dollar investment based on it!
And the funniest part... or craziest how you want it...
it would be one of the top 20% best ICOs!
because majority were pure dust and not even any real business backing.
So that gives us 100MM to 500k it is around 200 times inflated bubble.
So you tell me, how low you think it can dip?
The risk is too big to be with any serious investment in shitty alts.
You can do it for your heart, pick top most aggressive alts that will either make it big or drop to zero and hold 15-30% of them and monitor them actively... however, with your food-on-the-table portfolio... don't play.
I told you, the game now in alts vs btc is changing.
This correction was needed.
And if you're going to think as a gambler, then you'll say in two weeks I was wrong when alts pump. And alts probably will pump... but do the risk to reward... 30% on the upside... 80%-100% on the downside.
The first new money is going to come into Bitcoin. Nothing else. Bitcoin had a strong relations to alts, and will continue, just the numbers in that relations will change, at the cost of alts.
We might have one more bullish alt cycle before etf where you tell me - what the fuck you talked about - you see alts pumping and I sold em on your advice... but at the same time... with etf, most people, 90% of people out there are for a nasty surprise when they see bitcoin hyperbullish and their alts not as much.
So, do I advise to sell your alts now?
Not at all.
We in Premium sold it just because we have an alt that will grow faster than our other alts while remain stable. Otherwise, we would sell alts when btc would be around 12k and dipped alts would mostly recover.
For now, do these three questions:
1) Which of my alts are good for blockchain
2) Even if they are legit projects - how are they affected with 200:1 formula given above?
3) see them performing vs other alts..
and decide on their relative power and what you want to do with them.
Strong projects like ZRX I definitely wouldn't sell now... it went into a dip and it is getting out of a dip... while some shitty coin with no need for blockchain, or with questionable need... I'd wait for 12k btc and ditch.
My opinion only. For you it's to do your own research. This is one perspective to think about, so that you are not last in the new cycle.
You have been first in this bearish cycle to sell btc when I announced in early january. I want you to be first to know that majority of money will be coming from institutions to Bitcoin and not to shitcoin 330... and to top 20 alts.
D
AltCoins - The Bubble Effect...
The Bubble Effect Of Alts
in 2017 and that even prolonged until now, alts were overvalued and undervaluable.
Just to paint you a picture, so you understand this correction better and why is happening what is happening.
Imagine I came to you and say, hey I want $500k to open a strip club,
it probably won't be profitable, but we will have a good time...
... only as a friend you would invest in it, right?
You wouldn't do it as a business move.
Now. imagine the same scenario, just on blockchain...
that I did an ICO in 2017 for a strip club that you even know will lose money but will have some real estate backing etc..
.. I could get a hundred million dollar investment based on it!
And the funniest part... or craziest how you want it...
it would be one of the top 20% best ICOs!
because majority were pure dust and not even any real business backing.
So that gives us 100MM to 500k it is around 200 times inflated bubble.
So you tell me, how low you think it can dip?
The risk is too big to be with any serious investment in shitty alts.
You can do it for your heart, pick top most aggressive alts that will either make it big or drop to zero and hold 15-30% of them and monitor them actively... however, with your food-on-the-table portfolio... don't play.
I told you, the game now in alts vs btc is changing.
This correction was needed.
And if you're going to think as a gambler, then you'll say in two weeks I was wrong when alts pump. And alts probably will pump... but do the risk to reward... 30% on the upside... 80%-100% on the downside.
The first new money is going to come into Bitcoin. Nothing else. Bitcoin had a strong relations to alts, and will continue, just the numbers in that relations will change, at the cost of alts.
We might have one more bullish alt cycle before etf where you tell me - what the fuck you talked about - you see alts pumping and I sold em on your advice... but at the same time... with etf, most people, 90% of people out there are for a nasty surprise when they see bitcoin hyperbullish and their alts not as much.
So, do I advise to sell your alts now?
Not at all.
We in Premium sold it just because we have an alt that will grow faster than our other alts while remain stable. Otherwise, we would sell alts when btc would be around 12k and dipped alts would mostly recover.
For now, do these three questions:
1) Which of my alts are good for blockchain
2) Even if they are legit projects - how are they affected with 200:1 formula given above?
3) see them performing vs other alts..
and decide on their relative power and what you want to do with them.
Strong projects like ZRX I definitely wouldn't sell now... it went into a dip and it is getting out of a dip... while some shitty coin with no need for blockchain, or with questionable need... I'd wait for 12k btc and ditch.
My opinion only. For you it's to do your own research. This is one perspective to think about, so that you are not last in the new cycle.
You have been first in this bearish cycle to sell btc when I announced in early january. I want you to be first to know that majority of money will be coming from institutions to Bitcoin and not to shitcoin 330... and to top 20 alts.
D
in 2017 and that even prolonged until now, alts were overvalued and undervaluable.
Just to paint you a picture, so you understand this correction better and why is happening what is happening.
Imagine I came to you and say, hey I want $500k to open a strip club,
it probably won't be profitable, but we will have a good time...
... only as a friend you would invest in it, right?
You wouldn't do it as a business move.
Now. imagine the same scenario, just on blockchain...
that I did an ICO in 2017 for a strip club that you even know will lose money but will have some real estate backing etc..
.. I could get a hundred million dollar investment based on it!
And the funniest part... or craziest how you want it...
it would be one of the top 20% best ICOs!
because majority were pure dust and not even any real business backing.
So that gives us 100MM to 500k it is around 200 times inflated bubble.
So you tell me, how low you think it can dip?
The risk is too big to be with any serious investment in shitty alts.
You can do it for your heart, pick top most aggressive alts that will either make it big or drop to zero and hold 15-30% of them and monitor them actively... however, with your food-on-the-table portfolio... don't play.
I told you, the game now in alts vs btc is changing.
This correction was needed.
And if you're going to think as a gambler, then you'll say in two weeks I was wrong when alts pump. And alts probably will pump... but do the risk to reward... 30% on the upside... 80%-100% on the downside.
The first new money is going to come into Bitcoin. Nothing else. Bitcoin had a strong relations to alts, and will continue, just the numbers in that relations will change, at the cost of alts.
We might have one more bullish alt cycle before etf where you tell me - what the fuck you talked about - you see alts pumping and I sold em on your advice... but at the same time... with etf, most people, 90% of people out there are for a nasty surprise when they see bitcoin hyperbullish and their alts not as much.
So, do I advise to sell your alts now?
Not at all.
We in Premium sold it just because we have an alt that will grow faster than our other alts while remain stable. Otherwise, we would sell alts when btc would be around 12k and dipped alts would mostly recover.
For now, do these three questions:
1) Which of my alts are good for blockchain
2) Even if they are legit projects - how are they affected with 200:1 formula given above?
3) see them performing vs other alts..
and decide on their relative power and what you want to do with them.
Strong projects like ZRX I definitely wouldn't sell now... it went into a dip and it is getting out of a dip... while some shitty coin with no need for blockchain, or with questionable need... I'd wait for 12k btc and ditch.
My opinion only. For you it's to do your own research. This is one perspective to think about, so that you are not last in the new cycle.
You have been first in this bearish cycle to sell btc when I announced in early january. I want you to be first to know that majority of money will be coming from institutions to Bitcoin and not to shitcoin 330... and to top 20 alts.
D
Sunday, 8 July 2018
Potential surge in global bond yields and a Wall Street crash
Last week France's market watchdog became the latest to join the growing chorus of the bears.
It warned we could be bracing for a potential surge in global bond yields and a Wall Street crash — perhaps before the end of the year.
It then warned this contagion could spread to Europe, killing any kind of fragile recovery.
The Sydney Morning Herald reports:
‘“The world has never been so indebted — even more than before the 2007 crisis - and this debt has never been so risky,” said the Autorité des Marchés Financiers (AMF) in its annual report. |
Monday, 18 June 2018
Swiss Gold Global USA Bitcoin Mining contracts temporarily ceased (EN, FR, ES)
SGG Bitcoin Mining contracts temporarily ceased (EN, FR, ES)
We are grateful to Genesis Mining for providing their continued development and hard work to ensure we have we have access to the most efficient cloud mining services available in the world. We are all excited about the new sha256 Bitcoin 5 year FIXED TERM mining packages with a 50% reduction in maintenance fee, which is truly a reflection of Genesis Mining unique expertise in this niche market.
Swiss Gold Global over years has built a trusted relationship with Genesis Mining and will support them with whatever we can do in order not to jeopardize current or future endeavours that will benefit Genesis Mining and Swiss Gold Global clients.
Currently Genesis Mining have requested that we do NOT offer crypto mining packages for sale in the USA while their US compliance and legal team deal with regulatory issues in this region.
Genesis Mining have stated that they intend to make their Cloud Services available to US clients in the near future and we are working with them to support this important cause.
US Members will continue to have access to their Member account but will not be able to purchase crypto mining packages. We strongly recommend that our US members do not market or sell within the USA as this may put you in breach of US security regulations until this important legal matter is resolved.
With the outstanding efficiency of Genesis Mining we have the unique benefits:
1. New Bitcoin mining contracts maintenance fee $0.14 per TH/s contract (50% reduction)We are grateful to Genesis Mining for providing their continued development and hard work to ensure we have we have access to the most efficient cloud mining services available in the world. We are all excited about the new sha256 Bitcoin 5 year FIXED TERM mining packages with a 50% reduction in maintenance fee, which is truly a reflection of Genesis Mining unique expertise in this niche market.
Swiss Gold Global over years has built a trusted relationship with Genesis Mining and will support them with whatever we can do in order not to jeopardize current or future endeavours that will benefit Genesis Mining and Swiss Gold Global clients.
Currently Genesis Mining have requested that we do NOT offer crypto mining packages for sale in the USA while their US compliance and legal team deal with regulatory issues in this region.
Genesis Mining have stated that they intend to make their Cloud Services available to US clients in the near future and we are working with them to support this important cause.
US Members will continue to have access to their Member account but will not be able to purchase crypto mining packages. We strongly recommend that our US members do not market or sell within the USA as this may put you in breach of US security regulations until this important legal matter is resolved.
With the outstanding efficiency of Genesis Mining we have the unique benefits:
The old contracts of $0.28 per TH/s contract were the lowest in the market, now with $0.14 per BTC TH/s mining contract is a dynamic breakthrough standard in Bitcoin mining.
2. The new Bitcoin Mining contract is now a 5 year FIXED TERM contract
No termination by maintenance fee
3. No pre-sale — mining goes live as soon as you purchased!
Contract Term
5 years (60 Months) of continuous mining
Your mining services will run for 5 years, period - even in cases where your daily mining output falls below the Maintenance Fees. This way, you will always have the potential to produce cryptocurrencies as market conditions improve.
The daily mining outputs are variable and are determined by three factors: the mining difficulty, the Bitcoin vs USD exchange rates, and the Maintenance Fees (these include all electricity, cooling, development, and servicing costs). We cannot control the first two factors which are unpredictable, but we do always deploy state of the art mining technology and do our best to keep our data centers running at their maximum capability for you.
Maintenance fee
A fixed maintenance fee is deducted from all 5 year contracts for their full runtime. Current maintenance fees: USD 0.14 per TH/s per day. Please note that the fee is fixed in USD but deducted from the daily payouts in BTC. Please refer to the Terms of Service for further details.
Bitcoin is the first open-source, decentralized and currently most popular cryptocurrency. Bitcoin mining is done with specialized ASIC-Hardware utilizing the SHA-256 algorithm. You can mine Bitcoin and Bitcoin Cash natively. You can also receive Litecoin, Dash, Zcash and other cryptocurrencies for your output using the AUTO-Mining Allocation feature in our Dashboard.
Previous contracts purchased are not subject to the new maintenance fee, they will continue to be subject to the Terms and Conditions at the time of the specific contract purchase date.
Billionaire venture capitalist, Tom Draper, has reiterated his prediction that Bitcoin will reach $250,000 by 2022, stating that “fiat is the past”, with both crypto and Bitcoin being the future.
Disclaimer
**THERE IS NO GUARANTEE THAT YOU WILL EARN ANY MONEY USING THE TECHNIQUES AND IDEAS DISPLAYED. THESE MATERIALS ARE NOT TO BE INTERPRETED AS A PROMISE, A GUARANTEE OF EARNINGS OR PURPORTING THIS TO BE FINANCIAL ADVICE.
*BITCOIN DAILY PAYOUT WILL VARY DEPENDING UPON BUT NOT LIMITED TO BTC PRICE, DIFFICULTY RATE, INDEPENDENT MINING COMPANIES OPERATIONAL EXPENSES.
We thank you for your vision and support as we continue to move forward in our endeavours.
Swiss Gold Global team
-----------------FRENCH-------
Objet: Etats-Unis - Les contrats SGG de minage Bitcoin ont cessé temporairement
Bonjour SGG Membres,
Nous sommes reconnaissants envers Genesis Mining d'avoir fourni son développement continu et son travail acharné pour nous assurer que nous ayons accès au service de minage cloud(Cloud mining) les plus efficaces disponibles dans le monde. Nous sommes tous enthousiasmés par les nouveaux forfaits d'exploitation de minage Bitcoin sha256 Bitcoin à durée déterminée de 5 ans avec une réduction de 50% des frais d'entretien, ce qui reflète vraiment l'expertise unique de Genesis Mining dans ce marché spécialisé.
Swiss Gold Global, au fil des ans, a établi une relation de confiance avec Genesis Mining et les soutiendront dans tout ce que nous pouvons faire pour ne pas compromettre les efforts actuels ou futurs qui profiteront aux clients de Genesis Mining et de SGG.
À l'heure actuelle, Genesis Mining nous a demandés de ne pas offrir des forfaits d'extraction de crypto aux États-Unis, alors que leur équipe de conformité et leur équipe juridique américaine se penchent sur les questions de réglementation dans cette région.
Genesis Mining a déclaré qu'elle avait l'intention de mettre ses services Cloud à la disposition des clients américains dans un proche avenir et nous travaillons avec eux pour soutenir cette cause importante.
Les membres des États-Unis continueront d'avoir accès à leur compte membre, mais ne pourront pas acheter de forfaits d'extraction crypto. Nous recommandons fortement que nos membres américains ne commercialisent pas ou ne vendent pas aux États-Unis, car cela pourrait vous mettre en infraction avec les règlements de sécurité américains jusqu'à ce que cette question juridique importante soit résolue.
Avec l'excellente efficacité de Genesis Mining, nous avons les avantages uniques:
1. Nouveaux frais d'entretien de contrat de minage bitcoin de $0,14 par contrat de TH/s (réduction de 50%)
Les contrats antérieurs de $0,28 par TH/s étaient les plus bas sur le marché, maintenant avec $0,14 par BTC TH/s le contrat de minage est une norme de progression dynamique dans le minage Bitcoin.
2. Le nouveau contrat de minage Bitcoin est désormais un contrat à durée déterminée de 5 ans
Sans résiliation pour frais de maintenance
3. Pas de prévente: l'exploitation est activée dès que vous l'achetez!
Durée du contrat
5 ans (60 mois) d'exploitation minière continue
Vos services de minage fonctionneront pour une période de 5 ans, même dans les cas où votre production de minage quotidien est inférieure aux frais d'entretien. De cette façon, vous aurez toujours le potentiel de produire des cryptomonnaies lorsque les conditions du marché s'amélioreront.
Les productions de minage quotidiennes sont variables et sont déterminés par trois facteurs: la difficulté d'extraction, les taux de change Bitcoin contre le dollar US et les frais de maintenance (qui incluent tous les coûts d'électricité, de refroidissement, de développement et de service). Nous ne pouvons pas controler les deux premiers facteurs qui sont imprévisibles, mais nous déployons toujours des technologies de minage de pointe et nous faisons de notre mieux pour que nos centres de données fonctionnent au maximum de leurs capacités.
Frais de maintenance
Des frais de maintenance fixes sont déduits de tous les contrats de 5 ans pour leur temps d'exécution complet. Frais de maintenance actuelle: 0,14 USD par TH/s par jour. Notez que les frais sont fixés en USD, mais déduits des paiements quotidiens en BTC. S'il vous plaît voir les Conditions d'utilisation pour plus de détails.
Bitcoin est la première crypto-monnaie open source, décentralisée et actuellement la plus populaire. L'extraction de Bitcoin est effectuée avec du matériel ASIC spécialisé qui utilise l'algorithme SHA-256. Vous pouvez extraire Bitcoin et Bitcoin Cash en mode natif. Vous pouvez également recevoir des monaies comme litecoin, Dash, Zcash et d'autres cryptomonnaies pour votre utilisant la fonction d'affectation AUTO-Mining dans notre tableau de bord.
Les contrats antérieurs acquis ne sont pas soumis aux nouveaux frais de maintenance, ils resteront soumis aux termes et conditions au moment de la date d'achat du contrat spécifique.
Le capitaliste milliardaire Tom Draper a réitéré sa prédiction que Bitcoin atteindra $250 000 d'ici 2022, affirmant que «fiat est du passé», crypto et Bitcoin étant l'avenir.
Avertissement
** IL N'Y A AUCUNE GARANTIE QUE VOUS GAGNEREZ DE L'ARGENT EN UTILISANT LES TECHNIQUES ET LES IDÉES EXPOSÉES. CES DOCUMENTS NE DOIVENT PAS ÊTRE INTERPRÉTÉS COMME UNE PROMESSE, UNE GARANTIE DE RÉMUNÉRATION OU LA PRÉSENTATION D'UN AVIS FINANCIER.
* LE PAIEMENT QUOTIDIEN DE BITCOIN VARIERA (MAIS NON LIMITÉ) SELON LE PRIX BTC, LE TAUX DE DIFFICULTÉ, LES DÉPENSES OPÉRATIONNELLES INDÉPENDANTES DES COMPAGNIES DE MINAGE.
Nous vous remercions de votre vision et de votre soutien pendant que nous continuons d'aller de l'avant dans nos efforts.
L'équipe Swiss Gold Global
-----------------SPANISH------
Asunto: Estados Unidos - Los contratos SGG de minería Bitcoin han cesado temporalmente
Hola SGG Miembros,
Agradecemos a Genesis Mining por proporcionar un desarrollo continuo y un trabajo arduo para garantizar que tengamos acceso a los servicios de minería de nubes más eficaces disponibles en el mundo. Todos estamos emocionados con los nuevos paquetes de explotación minera Bitcoin sha256 de plazo fijo de 5 años, con una reducción del 50% en los costos de mantenimiento, lo que realmente refleja la experiencia única de Génesis Mining en este mercado especializado.
Swiss Gold Global durante años ha forjado una relación de confianza con Genesis Mining y los apoyará con todo lo que podamos hacer para no poner en peligro los esfuerzos actuales o futuros que beneficiarán a los clientes de Genesis Mining y SGG.
Actualmente, Genesis Mining solicitó que NO ofrezcamos paquetes de minería de monedas criptograficas para la venta en los EE. UU., mientras que su equipo legal y de cumplimiento de EE. UU. se ocupa de cuestiones reglamentarias en esta región.
Genesis Mining ha declarado que tienen la intención de poner sus servicios en la nube a disposición de los clientes estadounidenses en el futuro cercano y estamos trabajando con ellos para apoyar esta importante causa.
Los miembros de EE. UU. Seguirán teniendo acceso a su cuenta de miembro, pero no podrán comprar paquetes de minería. Recomendamos encarecidamente que nuestros miembros de EE. UU. no comercialicen ni vendan dentro de los EE. UU. ya que esto puede infringir las normas de seguridad de los EE. UU. hasta que se resuelva este importante asunto legal.
Con la excelente eficiencia de Genesis Mining, tenemos los beneficios únicos:
1. Nueva tarifa de mantenimiento de contratos de minería de Bitcoin de $ 0.14 por contrato TH/s (50% de reducción)
Los contratos anteriores de $ 0.28 por TH/s fueron los más bajos en el mercado, ahora con $ 0.14 por BTC TH/s el contrato de minería es un estándar de avance dinámico en la minería de Bitcoin.
2. El nuevo contrato de Bitcoin Mining es ahora un contrato de 5 años de duración FIJA.
Sin terminación por tarifa de mantenimiento
3. Sin preventa: ¡la minería se activa tan pronto como usted la compró!
Duración del contrato
5 años (60 meses) de minería continúa
Sus servicios de minería tendrá una duración de 5 años- incluso en los casos en que su producción minera diario cae por debajo de las cuotas de mantenimiento. De esta forma, siempre tendrá el potencial de producir cryptomonedas a medida que mejoren las condiciones del mercado.
Los productos mineros diarios son variables y están determinados por tres factores: la dificultad de extracción, las tasas de cambio de Bitcoin frente al dolar (USD) y las tarifas de mantenimiento (que incluyen todos los costos de electricidad, refrigeración, desarrollo y servicio). No podemos controlar los dos primeros factores que son impredecibles, pero siempre desplegamos la tecnología de minería de última generación y hacemos nuestro mejor esfuerzo para mantener nuestros centros de datos funcionando a su máxima capacidad.
Tarifa de mantenimiento
Se deduce una tarifa de mantenimiento fija de todos los contratos de 5 años para su tiempo de ejecución completo. Cuotas de mantenimiento actuales: USD 0,14 por TH/s por día. Tenga en cuenta que la tarifa se fija en USD, pero se deduce de los pagos diarios en BTC. Por favor, consulte los Términos del Servicio para más detalles.
Bitcoin es la primera cryptomoneda de código abierto, descentralizada y actualmente la más popular. La minería de Bitcoin se hace con hardware ASIC especializado que utiliza el algoritmo SHA-256. Usted puede extraer Bitcoin y Bitcoin Cash de forma nativa. También puede recibir litecoin, Dash, Zcash y otros cryptomonedas utilizando la función de asignación de AUTO-minería en nuestro tablero de instrumentos.
Los contratos anteriores adquiridos no están sujetos a la nueva tarifa de mantenimiento, seguirán estando sujetos a los Términos y condiciones en el momento de la fecha de compra del contrato específico.
El multimillonario capitalista de riesgo, Tom Draper, reiteró su predicción de que Bitcoin alcanzará los $ 250,000 para el año 2022, afirmando que "el dinero fiduciario es del pasado", con criptografía y Bitcoin siendo el futuro.
Advertencia
** NO HAY GARANTÍA DE QUE GANARÁ DINERO USANDO LAS TÉCNICAS E IDEAS EXPUESTAS. ESTOS DOCUMENTOS NO DEBEN INTERPRETARSE COMO UNA PROMESA, UNA GARANTÍA DE REMUNERACIÓN O LA PRESENTACIÓN DE UN ASESORAMIENTO FINANCIERO.
* EL PAGO DIARIO DE BITCOIN VARIRÁ DEPENDIENDO, PERO SIN LIMITARSE AL PRECIO DE BTC, LA TASA DE DIFICULTAD BTC, LOS GASTOS DE FUNCIONAMIENTO INDEPENDIENTE DE COMPAÑÍAS DE MINERÍA.
Le agradecemos su visión y apoyo a medida que continuamos avanzando en nuestros esfuerzos.
El Equipo de Swiss Gold Global
5 years (60 Months) of continuous mining
Your mining services will run for 5 years, period - even in cases where your daily mining output falls below the Maintenance Fees. This way, you will always have the potential to produce cryptocurrencies as market conditions improve.
The daily mining outputs are variable and are determined by three factors: the mining difficulty, the Bitcoin vs USD exchange rates, and the Maintenance Fees (these include all electricity, cooling, development, and servicing costs). We cannot control the first two factors which are unpredictable, but we do always deploy state of the art mining technology and do our best to keep our data centers running at their maximum capability for you.
Maintenance fee
A fixed maintenance fee is deducted from all 5 year contracts for their full runtime. Current maintenance fees: USD 0.14 per TH/s per day. Please note that the fee is fixed in USD but deducted from the daily payouts in BTC. Please refer to the Terms of Service for further details.
Bitcoin is the first open-source, decentralized and currently most popular cryptocurrency. Bitcoin mining is done with specialized ASIC-Hardware utilizing the SHA-256 algorithm. You can mine Bitcoin and Bitcoin Cash natively. You can also receive Litecoin, Dash, Zcash and other cryptocurrencies for your output using the AUTO-Mining Allocation feature in our Dashboard.
Previous contracts purchased are not subject to the new maintenance fee, they will continue to be subject to the Terms and Conditions at the time of the specific contract purchase date.
Billionaire venture capitalist, Tom Draper, has reiterated his prediction that Bitcoin will reach $250,000 by 2022, stating that “fiat is the past”, with both crypto and Bitcoin being the future.
Disclaimer
**THERE IS NO GUARANTEE THAT YOU WILL EARN ANY MONEY USING THE TECHNIQUES AND IDEAS DISPLAYED. THESE MATERIALS ARE NOT TO BE INTERPRETED AS A PROMISE, A GUARANTEE OF EARNINGS OR PURPORTING THIS TO BE FINANCIAL ADVICE.
*BITCOIN DAILY PAYOUT WILL VARY DEPENDING UPON BUT NOT LIMITED TO BTC PRICE, DIFFICULTY RATE, INDEPENDENT MINING COMPANIES OPERATIONAL EXPENSES.
We thank you for your vision and support as we continue to move forward in our endeavours.
Swiss Gold Global team
-----------------FRENCH-------
Objet: Etats-Unis - Les contrats SGG de minage Bitcoin ont cessé temporairement
Bonjour SGG Membres,
Nous sommes reconnaissants envers Genesis Mining d'avoir fourni son développement continu et son travail acharné pour nous assurer que nous ayons accès au service de minage cloud(Cloud mining) les plus efficaces disponibles dans le monde. Nous sommes tous enthousiasmés par les nouveaux forfaits d'exploitation de minage Bitcoin sha256 Bitcoin à durée déterminée de 5 ans avec une réduction de 50% des frais d'entretien, ce qui reflète vraiment l'expertise unique de Genesis Mining dans ce marché spécialisé.
Swiss Gold Global, au fil des ans, a établi une relation de confiance avec Genesis Mining et les soutiendront dans tout ce que nous pouvons faire pour ne pas compromettre les efforts actuels ou futurs qui profiteront aux clients de Genesis Mining et de SGG.
À l'heure actuelle, Genesis Mining nous a demandés de ne pas offrir des forfaits d'extraction de crypto aux États-Unis, alors que leur équipe de conformité et leur équipe juridique américaine se penchent sur les questions de réglementation dans cette région.
Genesis Mining a déclaré qu'elle avait l'intention de mettre ses services Cloud à la disposition des clients américains dans un proche avenir et nous travaillons avec eux pour soutenir cette cause importante.
Les membres des États-Unis continueront d'avoir accès à leur compte membre, mais ne pourront pas acheter de forfaits d'extraction crypto. Nous recommandons fortement que nos membres américains ne commercialisent pas ou ne vendent pas aux États-Unis, car cela pourrait vous mettre en infraction avec les règlements de sécurité américains jusqu'à ce que cette question juridique importante soit résolue.
Avec l'excellente efficacité de Genesis Mining, nous avons les avantages uniques:
1. Nouveaux frais d'entretien de contrat de minage bitcoin de $0,14 par contrat de TH/s (réduction de 50%)
Les contrats antérieurs de $0,28 par TH/s étaient les plus bas sur le marché, maintenant avec $0,14 par BTC TH/s le contrat de minage est une norme de progression dynamique dans le minage Bitcoin.
2. Le nouveau contrat de minage Bitcoin est désormais un contrat à durée déterminée de 5 ans
Sans résiliation pour frais de maintenance
3. Pas de prévente: l'exploitation est activée dès que vous l'achetez!
Durée du contrat
5 ans (60 mois) d'exploitation minière continue
Vos services de minage fonctionneront pour une période de 5 ans, même dans les cas où votre production de minage quotidien est inférieure aux frais d'entretien. De cette façon, vous aurez toujours le potentiel de produire des cryptomonnaies lorsque les conditions du marché s'amélioreront.
Les productions de minage quotidiennes sont variables et sont déterminés par trois facteurs: la difficulté d'extraction, les taux de change Bitcoin contre le dollar US et les frais de maintenance (qui incluent tous les coûts d'électricité, de refroidissement, de développement et de service). Nous ne pouvons pas controler les deux premiers facteurs qui sont imprévisibles, mais nous déployons toujours des technologies de minage de pointe et nous faisons de notre mieux pour que nos centres de données fonctionnent au maximum de leurs capacités.
Frais de maintenance
Des frais de maintenance fixes sont déduits de tous les contrats de 5 ans pour leur temps d'exécution complet. Frais de maintenance actuelle: 0,14 USD par TH/s par jour. Notez que les frais sont fixés en USD, mais déduits des paiements quotidiens en BTC. S'il vous plaît voir les Conditions d'utilisation pour plus de détails.
Bitcoin est la première crypto-monnaie open source, décentralisée et actuellement la plus populaire. L'extraction de Bitcoin est effectuée avec du matériel ASIC spécialisé qui utilise l'algorithme SHA-256. Vous pouvez extraire Bitcoin et Bitcoin Cash en mode natif. Vous pouvez également recevoir des monaies comme litecoin, Dash, Zcash et d'autres cryptomonnaies pour votre utilisant la fonction d'affectation AUTO-Mining dans notre tableau de bord.
Les contrats antérieurs acquis ne sont pas soumis aux nouveaux frais de maintenance, ils resteront soumis aux termes et conditions au moment de la date d'achat du contrat spécifique.
Le capitaliste milliardaire Tom Draper a réitéré sa prédiction que Bitcoin atteindra $250 000 d'ici 2022, affirmant que «fiat est du passé», crypto et Bitcoin étant l'avenir.
Avertissement
** IL N'Y A AUCUNE GARANTIE QUE VOUS GAGNEREZ DE L'ARGENT EN UTILISANT LES TECHNIQUES ET LES IDÉES EXPOSÉES. CES DOCUMENTS NE DOIVENT PAS ÊTRE INTERPRÉTÉS COMME UNE PROMESSE, UNE GARANTIE DE RÉMUNÉRATION OU LA PRÉSENTATION D'UN AVIS FINANCIER.
* LE PAIEMENT QUOTIDIEN DE BITCOIN VARIERA (MAIS NON LIMITÉ) SELON LE PRIX BTC, LE TAUX DE DIFFICULTÉ, LES DÉPENSES OPÉRATIONNELLES INDÉPENDANTES DES COMPAGNIES DE MINAGE.
Nous vous remercions de votre vision et de votre soutien pendant que nous continuons d'aller de l'avant dans nos efforts.
L'équipe Swiss Gold Global
-----------------SPANISH------
Asunto: Estados Unidos - Los contratos SGG de minería Bitcoin han cesado temporalmente
Hola SGG Miembros,
Agradecemos a Genesis Mining por proporcionar un desarrollo continuo y un trabajo arduo para garantizar que tengamos acceso a los servicios de minería de nubes más eficaces disponibles en el mundo. Todos estamos emocionados con los nuevos paquetes de explotación minera Bitcoin sha256 de plazo fijo de 5 años, con una reducción del 50% en los costos de mantenimiento, lo que realmente refleja la experiencia única de Génesis Mining en este mercado especializado.
Swiss Gold Global durante años ha forjado una relación de confianza con Genesis Mining y los apoyará con todo lo que podamos hacer para no poner en peligro los esfuerzos actuales o futuros que beneficiarán a los clientes de Genesis Mining y SGG.
Actualmente, Genesis Mining solicitó que NO ofrezcamos paquetes de minería de monedas criptograficas para la venta en los EE. UU., mientras que su equipo legal y de cumplimiento de EE. UU. se ocupa de cuestiones reglamentarias en esta región.
Genesis Mining ha declarado que tienen la intención de poner sus servicios en la nube a disposición de los clientes estadounidenses en el futuro cercano y estamos trabajando con ellos para apoyar esta importante causa.
Los miembros de EE. UU. Seguirán teniendo acceso a su cuenta de miembro, pero no podrán comprar paquetes de minería. Recomendamos encarecidamente que nuestros miembros de EE. UU. no comercialicen ni vendan dentro de los EE. UU. ya que esto puede infringir las normas de seguridad de los EE. UU. hasta que se resuelva este importante asunto legal.
Con la excelente eficiencia de Genesis Mining, tenemos los beneficios únicos:
1. Nueva tarifa de mantenimiento de contratos de minería de Bitcoin de $ 0.14 por contrato TH/s (50% de reducción)
Los contratos anteriores de $ 0.28 por TH/s fueron los más bajos en el mercado, ahora con $ 0.14 por BTC TH/s el contrato de minería es un estándar de avance dinámico en la minería de Bitcoin.
2. El nuevo contrato de Bitcoin Mining es ahora un contrato de 5 años de duración FIJA.
Sin terminación por tarifa de mantenimiento
3. Sin preventa: ¡la minería se activa tan pronto como usted la compró!
Duración del contrato
5 años (60 meses) de minería continúa
Sus servicios de minería tendrá una duración de 5 años- incluso en los casos en que su producción minera diario cae por debajo de las cuotas de mantenimiento. De esta forma, siempre tendrá el potencial de producir cryptomonedas a medida que mejoren las condiciones del mercado.
Los productos mineros diarios son variables y están determinados por tres factores: la dificultad de extracción, las tasas de cambio de Bitcoin frente al dolar (USD) y las tarifas de mantenimiento (que incluyen todos los costos de electricidad, refrigeración, desarrollo y servicio). No podemos controlar los dos primeros factores que son impredecibles, pero siempre desplegamos la tecnología de minería de última generación y hacemos nuestro mejor esfuerzo para mantener nuestros centros de datos funcionando a su máxima capacidad.
Tarifa de mantenimiento
Se deduce una tarifa de mantenimiento fija de todos los contratos de 5 años para su tiempo de ejecución completo. Cuotas de mantenimiento actuales: USD 0,14 por TH/s por día. Tenga en cuenta que la tarifa se fija en USD, pero se deduce de los pagos diarios en BTC. Por favor, consulte los Términos del Servicio para más detalles.
Bitcoin es la primera cryptomoneda de código abierto, descentralizada y actualmente la más popular. La minería de Bitcoin se hace con hardware ASIC especializado que utiliza el algoritmo SHA-256. Usted puede extraer Bitcoin y Bitcoin Cash de forma nativa. También puede recibir litecoin, Dash, Zcash y otros cryptomonedas utilizando la función de asignación de AUTO-minería en nuestro tablero de instrumentos.
Los contratos anteriores adquiridos no están sujetos a la nueva tarifa de mantenimiento, seguirán estando sujetos a los Términos y condiciones en el momento de la fecha de compra del contrato específico.
El multimillonario capitalista de riesgo, Tom Draper, reiteró su predicción de que Bitcoin alcanzará los $ 250,000 para el año 2022, afirmando que "el dinero fiduciario es del pasado", con criptografía y Bitcoin siendo el futuro.
Advertencia
** NO HAY GARANTÍA DE QUE GANARÁ DINERO USANDO LAS TÉCNICAS E IDEAS EXPUESTAS. ESTOS DOCUMENTOS NO DEBEN INTERPRETARSE COMO UNA PROMESA, UNA GARANTÍA DE REMUNERACIÓN O LA PRESENTACIÓN DE UN ASESORAMIENTO FINANCIERO.
* EL PAGO DIARIO DE BITCOIN VARIRÁ DEPENDIENDO, PERO SIN LIMITARSE AL PRECIO DE BTC, LA TASA DE DIFICULTAD BTC, LOS GASTOS DE FUNCIONAMIENTO INDEPENDIENTE DE COMPAÑÍAS DE MINERÍA.
Le agradecemos su visión y apoyo a medida que continuamos avanzando en nuestros esfuerzos.
El Equipo de Swiss Gold Global
Thursday, 14 June 2018
Los Angeles Bitcoin Trader Jailed for 30 Months....
Theresa Tetley, a Bitcoin trader from Los Angeles is facing more than two years in jail for operating what prosecutors refer to as an illegal money transmitting business.
According to NBC Los Angeles, Tetley – also known as “Bitcoin Maven” – who is fifty years old made at least $300,000 a year from trading bitcoin on Localbitcoins.com from 2014 to 2017.
Tetley has previously pled guilty to running an unregistered money transmission business and exchanging around 80 BTC for $70,000 in one transaction that prosecutors allegedly included the profits of drug trafficking.
If the government gets its way in court on Monday, even if her defence team is pushing for a lesser sentence of one year, she will still face a 30-month federal jail sentence for the crimes.
Bitcoin Maven’s said activities “fueled a black-market financial system in the Central District of California that purposely and deliberately existed outside of the regulated bank industry,” as the Prosecutors Office put it in the court documents.
According to NBC LA, Tetley’s is the first case of this kind in Southern California, while bitcoin traders have been a conflict to authorities in other parts of U.S. in the past year.
Sunday, 13 May 2018
CryptoCurrency Tax Guide
Crypto and Bitcoin Tax Guide
This guide is not legal advice; for that, please consult a tax professional.
KEEP RECORDS
The main thing to remember is to keep records!
- Bear in mind that exchanges that are around now might not be in a few years’ time when you decide to sell.
- Most exchanges will let you download CSV files of your trades.
- If you are feeling lazy, at least try to take a screenshot of recent transactions you have made.
- You can create a separate email address for all your crypto records so that you can quickly email files to yourself for reference later. Please don’t let your security details come anywhere near it though!
Here are some common positions you may find yourself in:
1. I’VE BOUGHT SOME BITCOIN OR OTHER CRYPTOCURRENCY
When you buy bitcoin or cryptocurrency, nothing is expected of you at point of sale. However you will need a record of the price you bought it at to calculate taxes when you sell it in the future.
2. I WAS GIFTED SOME BITCOIN OR OTHER CRYPTOCURRENCY
For future tax purposes, make a note of the value of the gift on the date of the gift.
3. I’VE JUST SOLD SOME CRYPTOCURRENCY FOR FIAT
The tax that you might be liable for in this instance is Capital Gains Tax (CGT) – a tax on the profit that is made when you sell something that has increased in value. If tax is due it is only on the gain that you have made, not the entire amount you receive from the sale. This is why keeping records of the purchase value of your cryptocurrency is important. You can also include transaction costs such as transfer fees when calculating your gain.
The annual tax-free allowance for an individual’s asset gains is £11,300 for 2017/18. So if the profit from selling your cryptocurrency, in addition to any other asset gains, is less than this, you won’t have to report or pay tax on it.
However, if you sell up to four times the annual allowance (£45,200 for 2017/18) of crypto-assets, even if you make a profit of less than £11,300, you have to report this sale to HMRC. You can do this either by registering and reporting through Self Assessment, or by writing to them at:
PAYE and Self Assessment
HM Revenue and Customs
BX9 1AS
United Kingdom
An extra tip for married individuals: you can gift up to £11,300 of assets to your spouse, and use their Capital Gains Tax allowance, thereby getting up to £22,600 of capital gains tax free annually.
You have two options for how you declare your gains to HMRC:
a. As soon as you want after the sale using the ‘real time’ Capital Gains Tax service
You must report by 31 January after the tax year when you had the gains. (The tax year runs from 6 April to 5 April the following year. So if your sale takes place on 18 April 2018, then you have to report by 31 January 2020. If your sale takes place on 4 April 2019, you also have to report by 31 January 2020.)
HMRC will then contact you with instructions for payment.
It is recommended only to use this option as a last resort, for example, if you are late in registering or filing your return.
b. In your annual Self Assessment tax return
If you are self-employed or run a business, you might already send a tax return. But if you don’t, then you have to register for Self Assessment by 5 October following the tax year you sold your cryptocurrency. (Again, the tax year runs from 6 April to 5 April. If your sale takes place on 18 April 2018, or 4 April 2019, then you have to register by 5 October 2019.) If you’re already registered but haven’t received a letter reminding you to fill in a return, contact HMRC by 5 October. You must send your return by 31 January of the next tax year.
HMRC will then contact you with instructions for payment.
4. I’VE JUST SOLD SOME CRYPTOCURRENCY FOR OTHER CRYPTOCURRENCY / STARTED TRADING
Until you declare yourself as a trader to HMRC (as below), you are considered an investor and your annual gains are subject to Capital Gains Tax as above.
Remember that even if you make less profit than the CGT allowance but have sold more than four times the allowance’s worth in cryptocurrency, then you have to report this to HMRC as above.
If you have made more than the CGT allowance then you will have to report and pay tax on your gains. Bear in mind that every single trade you make – even crypto to crypto – will most likely impact tax calculations. (To calculate capital gains on a crypto to crypto trade, convert everything into GBP value at the time of the trade. I know.. it’s crazy.) So if you have made a significant number of trades, it is probably worthwhile getting a tax professional just to make sure you get things right.
Advice from HMRC was to consider the tax rules governing the sale of shares (which can be found here and in further detail here) as comparable to the sale of cryptocurrency.
What is significant with respect to CGT is the concept of share matching, roughly translated to a complex example BTC scenario as follows:
Say you have accumulated 1 BTC over 8 months, having bought 0.25 BTC every two months at different prices ( January: £1500, March: £2000, May: £2500, July: £3000). On 1 October 2017 you buy a further 0.25 BTC at £3500 before deciding to sell 0.6 BTC that same night – but at what price did you buy this amount? Furthermore, after selling this, you decide to buy 0.2 more BTC at £3600 on 17 October 2017.
This is the order in which your BTC is priced and disposed of:
1. BTC that you have bought on the same day (‘same day’ rule)
So in our case, the 0.25 BTC bought at £3500 on the 1 October 2017 will be accounted for at that price, leaving a further 0.6 – 0.25 = 0.35 BTC to account for. This portion will cost 0.25 * £3500 = £875.
2. BTC acquired within 30 days of the sale (‘bed and breakfasting’ rule)
In our case, the 0.2 BTC bought on 17 October 2017 will be accounted for at £3600, as it is within 30 days of the sale date of 1 October 2017, leaving a further 0.35 – 0.2 = 0.15 BTC to account for. This portion will cost 0.2 * £3600 = £720.
3. A BTC pool where the cost has been averaged
You will pool your BTC together (the equivalent of a ‘Section 104 holding’ for shares) and average the cost.
So in this case, the average price will take into account all the BTC you have bought prior to the sale on 1 October 2017. (The BTC you bought on 1 October 2017 has already been accounted for as a result of rule 1.) So we have (0.25 * £1500 + 0.25 * £2000 + 0.25 * £2500 + 0.25 * £3000) / 1 BTC = £2250 as the average cost price. The cost of this portion will be 0.15 * £2250 = £337.50.
So the total cost of the 0.6 BTC sold on 1 October comes to £875 + £720 + £337.50 = £1932.50
As you can see, it is a bit of a headache. Although there are services and apps which allow you to import CSV files of your trades from major exchanges and help you do some of these calculations, we can not currently recommend any particular service for UK-based investors. It really is best to get an accountant if your trading history is complex.
For further guidance regarding your specific case you may also call HMRC at 0300 200 3300. Friday afternoon has been suggested as a less busy and therefore better time to call.
5. I TRADE A LOT!
If you trade crypto but are unsure whether your trading constitutes a ‘trade’ in the eyes of HMRC, they suggest looking up the badges of trade to see how many you fulfil. However as this is not clear cut in any form, it’s probably best to discuss your position with a tax professional, as if you do qualify, you have to set up as a sole trader, after which your gains will become subject to Income Tax, not CGT. Usually your tax burden will be higher as a result.
Adrian Markey suggests that unless you are doing things a stockbroker might do – systematically trading full time every day, dealing with other people’s money, hedging against your investments, advertising your services and earning commissions, your trades will most likely be subject to CGT assessment as above, not Income Tax.
In any case, if you have to set up as a sole trader, register for Self Assessment if you haven’t done so already. You may do so online here. Note that you may be fined if you don’t do so by 5 October in your business’s second tax year. As a professional trader, you have to learn the tax rules of running a business – details regarding this can be found in the Business Income Manual.
6. I’VE BOUGHT SOMETHING USING CRYPTOCURRENCY
When one spends cryptocurrency in order to purchase a good or a service, this is still considered an asset disposal and has to be assessed as such.
Let us take the simple example of Jim buying a coffee worth £2.80.
He pays 0.00038 BTC, as the exchange rate at the time of the purchase is £7345.42 / BTC.
What is important here is the price at which he purchased the BTC he is paying with.
To calculate this, we return to our disposal rules, in this order:
1. Any BTC Jim bought on the same day (‘same day’ rule)
2. Any BTC Jim acquired within 30 days of the sale (‘bed and breakfasting’ rule)
3. A pool where the cost of all the BTC Jim owns has been averaged
Let’s say Jim happened to buy 0.001 BTC that very morning at an exchange rate of £7289.67 / BTC. We can therefore use rule 1 – the ‘same day’ rule, using this price for calculating the value of the BTC he used to pay for the coffee:
0.00038 * £7289.67 = £2.77
So Jim’s capital gain in this instance is £2.80 – £2.77 = £0.03!
Until HMRC provides explicit advice to the contrary, it is advisable to keep a spreadsheet of any purchases made with cryptocurrency, no matter how small, in case you exceed your personal capital gains allowance.
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