WASHINGTON -- The Internal Revenue Service today issued a notice providing answers to frequently asked questions (FAQs) on virtual currency, such as bitcoin. These FAQs provide basic information on the U.S. federal tax implications of transactions in, or transactions that use, virtual currency. Bitcoin is all the rage – but for regular people, it would be crazy to start pouring money into the digital currency anytime soon, if ever. new entrants as Bitcoin’s explicit purpose of acting as a digital currency has been effectively accomplished, where future innovative networks can use Bitcoin as an underlying asset. Figure 1. Oct 26, 2017 - The equipment,Break down. Bitcoins is digital currency. . See more ideas about What is bitcoin mining, Bitcoin mining, Bitcoin. Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading! An anonymous reader shares a report: One reason for this, if you live in Toronto like me (or anywhere else for that matter), is that there's basically nowhere to spend digital coins in the real world. Coinmap, a service that ma
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