There is no tax in bitcoin only the fee for transaction that you should pay for every transaction.For tax purposes, spending Bitcoins or any digital currency, is treated as if you had just sold them.
Before you do business with any company, do research. Bitcoins do not appear a good place to build experience,.How many nonce values are there in each new block to be tested.Make sure to go over our different Bitcoin mining hardware reviews to understand which miner is best for you.Unless your rich, then apparently you can just screw your fellow citizens and be called a genius.Today, the Antminer S9 is the newest and most powerful miner.I let my computer Mine for Bitcoin for a week straight, to see how much money I could.Bitcoin is an online alternative currency system, which acts as a form of digital money.
Bitcoins do not have value as a physical commodity like gold and are not.
As more and more miners come on board with the latest mining hardware the difficulty to mine increases each day.
Perhaps it would be more profitable for you to just buy Bitcoins with the money you plan to spend on Bitcoin mining.Strictly limit yourself to investing an amount such that you would not have any heart burn to lose it completely.Hi Matt, please check out the following articles about Bitcoin mining hardwares: and Ethereum mining hardwares.
To answer most of these questions you can use this excellent post from BitcoinTalk.