jenkemjunkie » user profile
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Member Since | 06/08/2015 |
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Last Seen | 24/06/2021 |
Badges | 1 |
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jenkemjunkie replied to
ln28909 on EVGA GeForce RTX 3070 XC3 ULTRA + EVGA SuperNOVA GA 650W 80+ Gold Fully Modular Power Supply $1499 Delivered @ BPCTech
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A person with 1 GPU casually mining would not have to declare any tax on it. It would be considered a hobby.
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jenkemjunkie replied to
p1 ama on EVGA GeForce RTX 3070 XC3 ULTRA + EVGA SuperNOVA GA 650W 80+ Gold Fully Modular Power Supply $1499 Delivered @ BPCTech
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What’s stupid is you claimed some 30% tax rate on capital gains…which turns out you were actually talking about the corporate tax rate,…
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jenkemjunkie replied to
ln28909 on EVGA GeForce RTX 3070 XC3 ULTRA + EVGA SuperNOVA GA 650W 80+ Gold Fully Modular Power Supply $1499 Delivered @ BPCTech
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Yes it is. But now we are delving into the whole business side and away from your premise that your paying over 30% tax on crypto gains not…
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jenkemjunkie replied to
ln28909 on EVGA GeForce RTX 3070 XC3 ULTRA + EVGA SuperNOVA GA 650W 80+ Gold Fully Modular Power Supply $1499 Delivered @ BPCTech
![](https://files.ozbargain.com.au/g/20.jpg)
its not a lot less tax than personal income lol. It is literally in the same tax brackets as an individual if you are running as a sole…
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jenkemjunkie replied to
ln28909 on EVGA GeForce RTX 3070 XC3 ULTRA + EVGA SuperNOVA GA 650W 80+ Gold Fully Modular Power Supply $1499 Delivered @ BPCTech
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You said over 30% tax unless you have an abn. So what does the unless you have an abn thing mean? And it’s still wrong because it depends…
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jenkemjunkie replied to
ln28909 on EVGA GeForce RTX 3070 XC3 ULTRA + EVGA SuperNOVA GA 650W 80+ Gold Fully Modular Power Supply $1499 Delivered @ BPCTech
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I run a 10ghs mining farm. I’m very aware of the tax implication of cryptocurrency mining. Let’s just agree that you thought 30% tax…
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jenkemjunkie replied to
ln28909 on EVGA GeForce RTX 3070 XC3 ULTRA + EVGA SuperNOVA GA 650W 80+ Gold Fully Modular Power Supply $1499 Delivered @ BPCTech
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I’m sure you were. If some 18 yo is mining on his card and makes $5k a year off it and that’s his only job. You know how much he pays?…
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jenkemjunkie replied to
ceroau on EVGA GeForce RTX 3070 XC3 ULTRA + EVGA SuperNOVA GA 650W 80+ Gold Fully Modular Power Supply $1499 Delivered @ BPCTech
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Not disputing the having to pay the tax thing. Just the amount of tax. An individual without an ABN would be taxed in the same tax brackets…
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jenkemjunkie replied to
p1 ama on EVGA GeForce RTX 3070 XC3 ULTRA + EVGA SuperNOVA GA 650W 80+ Gold Fully Modular Power Supply $1499 Delivered @ BPCTech
![](https://files.ozbargain.com.au/g/20.jpg)
That’s if you run it as a corporation / company. If you are a sole trader / individual it’s not this
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jenkemjunkie replied to
ceroau on EVGA GeForce RTX 3070 XC3 ULTRA + EVGA SuperNOVA GA 650W 80+ Gold Fully Modular Power Supply $1499 Delivered @ BPCTech
![](https://files.ozbargain.com.au/g/20.jpg)
No it’s not necessarily this. Only if you are registered as a company. The tax you pay can be dependant on the tax bracket you end up in.…
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jenkemjunkie replied to
bobvegas on EVGA GeForce RTX 3070 XC3 ULTRA + EVGA SuperNOVA GA 650W 80+ Gold Fully Modular Power Supply $1499 Delivered @ BPCTech
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Where are people getting this 30% figure from?
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jenkemjunkie replied to
ln28909 on EVGA GeForce RTX 3070 XC3 ULTRA + EVGA SuperNOVA GA 650W 80+ Gold Fully Modular Power Supply $1499 Delivered @ BPCTech
![](https://files.ozbargain.com.au/g/20.jpg)
Where do you get this 30% figure from?
![](https://files.ozbargain.com.au/g/38.jpg)
100k CC no job? Ring the issuing CC provider as you can get the interest stopped. Or I’d just default on the credit card as it’s…
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jenkemjunkie commented on What Are Some Free Things People Can Do to Make Themselves a More Attractive Employee?
Be a weapon at excel. That’s all you need.
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jenkemjunkie replied to
Clear on [AMA] I Just Got The First Shot of The Pfizer Vaccine. Ask Me Anything
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Even better. No need for contraception!
![](https://files.ozbargain.com.au/g/38.jpg)
Does it improve your autism? I’m thinking of getting it as a booster shot to increase mine. Feels like it’s fading.
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jenkemjunkie commented on What is your NBN speedtest result to USA?
Superloop FTTC 50/20: Actual 51.4/13.8
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Start a jenkem farm and actually enjoy life
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jenkemjunkie commented on How to Reject Second Round of The Interview?
Just ghost them.
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jenkemjunkie replied to
HiredGoon on PowerColor Radeon RX 6700 XT Hellhound 12GB $899 + Delivery @ PC Case Gear
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I’d buy a card that has been used strictly for mining over a casual gamer’s card any day. The cards miner’s use are ran with constant…
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jenkemjunkie replied to
Kibbelhs on PowerColor Radeon RX 6700 XT Hellhound 12GB $899 + Delivery @ PC Case Gear
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6700XT has a smaller memory bandwidth than 5700XT
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I prefer thriving on Centrelink
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jenkemjunkie replied to
ln28909 on PowerColor Radeon RX 6700 XT Red Devil OC 12GB $999 + Shipping @ PC Case Gear
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24x3070s here. Did you change the thermal pads on your 3080s?
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jenkemjunkie commented on [Price Error] JBL Xtreme 3 Portable Bluetooth Speaker (Blue Colour Only) $39.95 (down from $399.95) Delivered @ JBL
Damn this would have been sick for my bus trips
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jenkemjunkie commented on Help Ditching nbn for 5G
When I couldn’t get nbn at my house I had to rely on 4G. I got the Telstra ultimate sim with unlimited data (they don’t offer it…
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It’s only terrible advice if you aren’t financially prudent. The financial prudent are the ones that look for these loopholes to…
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This is an excellent tip. I used similar thinking back in the day when I was working 2 jobs. I claimed the tax free threshold for both jobs…
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Duly noted 👍
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Look again. It’s at 50k
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