Hi,
You might have heard about bitcoin currency and bitcoin mining, i'm on h1b visa. Planning to participate in bitcoin mining
little background about bitcoin, it is a virtual currency, values of it chnges as the number of users/miners grow. More like a onlin currency with no central government. The bitcoins are generated if the users perform somekind of hash value, and the users who perform this hash will be rewarded accordingly, these users are called bitcoin miners. the currency is virtual, but I can convert this currency into US$ or any other currency.
My question now is, can a H1b Candidate be a bitcoin miner? if so do i have to report taxes? Can you also please let us know if there is anything that i have to report to the govt?
something about this is posted here : https://en.bitcoin.it/wiki/Tax_compliance
You might have heard about bitcoin currency and bitcoin mining, i'm on h1b visa. Planning to participate in bitcoin mining
little background about bitcoin, it is a virtual currency, values of it chnges as the number of users/miners grow. More like a onlin currency with no central government. The bitcoins are generated if the users perform somekind of hash value, and the users who perform this hash will be rewarded accordingly, these users are called bitcoin miners. the currency is virtual, but I can convert this currency into US$ or any other currency.
My question now is, can a H1b Candidate be a bitcoin miner? if so do i have to report taxes? Can you also please let us know if there is anything that i have to report to the govt?
something about this is posted here : https://en.bitcoin.it/wiki/Tax_compliance