BLOCK-TASTIC!
Thank you sir, may I have another?
Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1876. (Read 5352140 times)
January 07, 2016, 01:20:45 PM
January 07, 2016, 01:19:48 PM
yessss
thanks
thanks
January 07, 2016, 01:16:13 PM
Block party 
Keep em rolling
Keep em rolling 
January 07, 2016, 01:11:06 PM
January 07, 2016, 01:05:35 PM
He linked the same info and 2014 date. As you can see from the site info, the rulings are very vague. This is why he said most CPA who doesn't specialized in virtual currency will not be caught up to speed with it and will require charging for the time to learn about it. That's why he suggested I find another CPA who specialize in this or pay for his research time.
Don't pay him for research time!
Any CPA worth their weight in salt would gladly research it in order to expand their repertoire. Keep up with the times or lose clients both now and future.
January 07, 2016, 12:49:14 PM
He linked the same info and 2014 date. As you can see from the site info, the rulings are very vague. This is why he said most CPA who doesn't specialized in virtual currency will not be caught up to speed with it and will require charging for the time to learn about it. That's why he suggested I find another CPA who specialize in this or pay for his research time.
January 07, 2016, 12:41:28 PM
Bitcoin is too new for IRS which moves at snail pace to catch up. From what I'm hearing from my CPA is that, I need to pay him to research it in more detail as it's busy tax season right now and he doesn't have the cycles. However he said regardless if I use him or another CPA, for now, I must keep track of when I "get paid" and it's market value at that time. I would translate that as when I get that BTC get paid into my Wallet as all transactions will be tracked at the wallet level. So if I can set it similar to Slush pool where I can set it to pay out when it's 1 BTC for example, it would reduce the number of transaction making it to document. Coinbase is not very good at organization or filing / exporting.
Right now Kano is still small so there's not too many transactions yet but the pool is growing at a rapid rate (double already), I would expect the pool to find many more blocks per day soon at this rapid expansion rate. That would create much more documentation effort whether I use a CPA or do my own filing.
Right now Kano is still small so there's not too many transactions yet but the pool is growing at a rapid rate (double already), I would expect the pool to find many more blocks per day soon at this rapid expansion rate. That would create much more documentation effort whether I use a CPA or do my own filing.
Wrong on most counts. I would fire your CPA and start doing your own research if you're doing "serious" bitcoin mining or transactions. The IRS regulations caught up a while back and transactions were supposed to be reported starting in 2014.
https://www.irs.gov/uac/Newsroom/IRS-Virtual-Currency-Guidance
January 07, 2016, 12:32:12 PM
Hi Zach,
What exchange rate are you using here. Is it BTC to CAD on specific day? How does it work?
What exchange rate are you using here. Is it BTC to CAD on specific day? How does it work?
I actually store everything in my database as the USD (because I'm in the US
) rate at the time the block is found.(that comes from https://bitcoinaverage.com)
Then I use: https://currency-api.appspot.com
To get the current USD to WhateverCurrency rate to convert to your currency for display.
So the conversion of USD to "YourCurrency" is based on todays value of that.
But the BTC/USD is based on the time the block is found.
January 07, 2016, 12:22:11 PM
Bitcoin is too new for IRS which moves at snail pace to catch up. From what I'm hearing from my CPA is that, I need to pay him to research it in more detail as it's busy tax season right now and he doesn't have the cycles. However he said regardless if I use him or another CPA, for now, I must keep track of when I "get paid" and it's market value at that time. I would translate that as when I get that BTC get paid into my Wallet as all transactions will be tracked at the wallet level. So if I can set it similar to Slush pool where I can set it to pay out when it's 1 BTC for example, it would reduce the number of transaction making it to document. Coinbase is not very good at organization or filing / exporting.
Right now Kano is still small so there's not too many transactions yet but the pool is growing at a rapid rate (double already), I would expect the pool to find many more blocks per day soon at this rapid expansion rate. That would create much more documentation effort whether I use a CPA or do my own filing.
Right now Kano is still small so there's not too many transactions yet but the pool is growing at a rapid rate (double already), I would expect the pool to find many more blocks per day soon at this rapid expansion rate. That would create much more documentation effort whether I use a CPA or do my own filing.
January 07, 2016, 12:01:51 PM
Added Fiat currency conversion to the Rewards Info.
It is based on the price of BTC when the block was found.
If you go into account settings and set your Fiat currency, then you can go to the rewards page and look at set duration it will show you Fiat currency amounts as well.
http://ckpoolmonitor.zachmonroe.com
I did not try every currency, but it seemed to work for the ones I did try.
If anyone has any issues let me know.
It is based on the price of BTC when the block was found.
If you go into account settings and set your Fiat currency, then you can go to the rewards page and look at set duration it will show you Fiat currency amounts as well.
http://ckpoolmonitor.zachmonroe.com
I did not try every currency, but it seemed to work for the ones I did try.
If anyone has any issues let me know.
Hi Zach,
What exchange rate are you using here. Is it BTC to CAD on specific day? How does it work?
January 07, 2016, 11:59:31 AM
That is correct Omega. My CPA says that Bitcoin regulation is still too new and the IRS ruling requires that I claim all the bitcoin as they are paid out at that day's BTC pricing / basis value. So if I can set it where I don't get paid out until say 1 or 2 BTC, that would reduce my reporting entries greatly.
P.S I don't want to get into the discussion as to why I want to claim it via tax, etc. Everyone have personal reasons, I just need this feature that was available via Slush. My CPA says it would be way too much documentation on his end if he have to compute / covert every transactions everyday the way it is right now.
P.S I don't want to get into the discussion as to why I want to claim it via tax, etc. Everyone have personal reasons, I just need this feature that was available via Slush. My CPA says it would be way too much documentation on his end if he have to compute / covert every transactions everyday the way it is right now.
Do you need to report on anything like block no. or # rate etc..? or simply the daily BTC payment? Could you setup a BTC address that Kano pays out for each block and then forward the accumulated payments at the predetermined amount/time to your official reporting BTC address?
January 07, 2016, 11:56:22 AM
Added Fiat currency conversion to the Rewards Info.
It is based on the price of BTC when the block was found.
If you go into account settings and set your Fiat currency, then you can go to the rewards page and look at set duration it will show you Fiat currency amounts as well.
http://ckpoolmonitor.zachmonroe.com
I did not try every currency, but it seemed to work for the ones I did try.
If anyone has any issues let me know.
It is based on the price of BTC when the block was found.
If you go into account settings and set your Fiat currency, then you can go to the rewards page and look at set duration it will show you Fiat currency amounts as well.
http://ckpoolmonitor.zachmonroe.com
I did not try every currency, but it seemed to work for the ones I did try.
If anyone has any issues let me know.
January 07, 2016, 11:55:30 AM
That is correct Omega. My CPA says that Bitcoin regulation is still too new and the IRS ruling requires that I claim all the bitcoin as they are paid out at that day's BTC pricing / basis value. So if I can set it where I don't get paid out until say 1 or 2 BTC, that would reduce my reporting entries greatly.
P.S I don't want to get into the discussion as to why I want to claim it via tax, etc. Everyone have personal reasons, I just need this feature that was available via Slush. My CPA says it would be way too much documentation on his end if he have to compute / covert every transactions everyday the way it is right now.
P.S I don't want to get into the discussion as to why I want to claim it via tax, etc. Everyone have personal reasons, I just need this feature that was available via Slush. My CPA says it would be way too much documentation on his end if he have to compute / covert every transactions everyday the way it is right now.
January 07, 2016, 11:34:22 AM
I think nhando was more wanting to wait until the BTC amount accumulated into a larger single amount. e.g. 1x1BTC payment instead of 10x0.1BTC payments. possibly you could remove your BTC address and put it back when your ready for a payment? not sure if this can be done or if Kano has made BTC address mandatory.
January 07, 2016, 11:25:45 AM
rewards page you should be able to see how much btc is going to be paid to you , refer to block # then chk on block page, once confirmed with manual payout thats the amt going to you.
correct me if wrong.
those who are on sg node pls switch to main for now, some bugs.
kano n ck zzz now brb in few hrs.
correct me if wrong.
those who are on sg node pls switch to main for now, some bugs.
kano n ck zzz now brb in few hrs.
January 07, 2016, 10:59:16 AM
Hello Kano,
Is there a way to add a feature where you can set up how much BTC is in the account before it gets paid to your wallet similar to Slush pool? This helps minimize record keeping for miners who runs it as a business. Please let me know. Thanks.
Is there a way to add a feature where you can set up how much BTC is in the account before it gets paid to your wallet similar to Slush pool? This helps minimize record keeping for miners who runs it as a business. Please let me know. Thanks.
January 07, 2016, 10:40:23 AM
I feel somewhat traumatized since I started to mine here and already suffered through two blocks of about 250%, that said, Isn't it a good timesaving idea to write out the duration for every finished block on the Pool/Blocks page ?
I know I can calculate it myself, but with all this trauma after those devilblocks it´s not that easy.
Eligius has a very good "recent blocks" page :
http://eligius.st/~gateway/stats/recent-blocks
Startingtime just as kano but also the Duration which I think is good.
I know I can calculate it myself, but with all this trauma after those devilblocks it´s not that easy.
Eligius has a very good "recent blocks" page :
http://eligius.st/~gateway/stats/recent-blocks
Startingtime just as kano but also the Duration which I think is good.
January 07, 2016, 10:21:42 AM
Just noticed my hashrate fell off the chart. Using direct ip for SG node also no good. Same problem as before and my miner also didn't failover. Back to using the main pool node.
That happens to my S5's on the main pool but they would completely drop off the network. I wouldn't be able to ping it or nothing. I would have to power them off and back on.
January 07, 2016, 09:59:03 AM
Got text from ckpoolmonitor for last block . Used verizon wireless text email address. Sweeeeeeeeeeeeeet.
Good idea!
If anyone else wants to setup something like that: http://www.emailtextmessages.com/
Probably could use some kind of IFTTT integration if someone wanted too.
January 07, 2016, 09:54:23 AM
Got text from ckpoolmonitor for last block . Used verizon wireless text email address. Sweeeeeeeeeeeeeet.
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