KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 306.

nazzer

member

Activity: 238

Merit: 11

Quote from: kano on April 08, 2018, 07:18:08 AM

Oh, I also forgot to point out, I removed the Payments page.
It's just a copy of data from the Rewards page and has never shown any extra useful information other than your address, which you should know

, but it does show payouts that didn't get sent due to dust.

Link to the payments page is still there on rewards page (even though the page itself is gone)

userghost

jr. member

Activity: 284

Merit: 3

Block!!!

rem26

newbie

Activity: 78

Merit: 0

Quote from: DCGOO

But isn't that a meaningless number? You need to know what the price is when you convert to USD. You have to do that on one of the exchanges, because Kano doesn't speak USD (nor do we want him to).

Nope, not meaningless. The moment you get the block in your wallet is your cost basis, taxed as ordinary income. The difference between long term capital gains and ordinary income can be substantial.

olesg13

newbie

Activity: 127

Merit: 0

Yeeeee block baby!! Plus we dont care about taxes here! Our goverment has no clue 😂😂

HSchmirPo

newbie

Activity: 47

Merit: 0

Block!

jhoren

newbie

Activity: 65

Merit: 0

Block!!!

Thank you Cryptostarusa!

nazzer

member

Activity: 238

Merit: 11

BTClock finally!

Thank you Cryptostarusa!

clgrissom3

legendary

Activity: 1736

Merit: 1032

Carl, aka Sonny :)

Block by cryptostarusa! This is our 1st of BLOCK SUNDAY! Cheesy

It was less than 200% as well Grin

figmining26

newbie

Activity: 14

Merit: 0

Is there any chance you could write a code/script that could, show the price of Bitcoin at the time of a reward payout? This feature
would certainly be helpful, for those of us who need to have a date with Uncle Sam! Ha!
[/quote]

But isn't that a meaningless number? You need to know what the price is when you convert to USD. You have to do that on one of the exchanges, because Kano doesn't speak USD (nor do we want him to).
[/quote]

Current usd price at time of payment is something i would really like as well. To report, need 2 numbers. The first number is usd at time u recieved the coin. This instant you earned income, so tax man needs a usd number to tax it. Then need the usd price sold at. The diffence between these prices is taxed at either short term or long term capital gains, depending on how long u held.
Disclosure so u cant sue me... Im not accountant, this not financial advice. However, this is how my accountant told me to do it.

wavelengthsf

full member

Activity: 658

Merit: 118

Quote from: nazzer on April 08, 2018, 09:39:54 AM

1 BTC = 1 BTC

Just use the income tax % on the total amount of bitcoin, send that to the IRS

Or, you could live in a jurisdiction that doesn't tax capital gains...

Other people can do whatever hand waving and fancy tax tricks they want. I recognize a block reward as income once it hits 101 confirms and is sent by Kano. Keeps it easy for me, my taxes are nice and clean, and my mining LLC runs smooth.

nazzer

member

Activity: 238

Merit: 11

Quote from: wavelengthsf on April 08, 2018, 09:37:25 AM

Quote from: DCGOO on April 08, 2018, 09:30:38 AM

But isn't that a meaningless number? You need to know what the price is when you convert to USD. You have to do that on one of the exchanges, because Kano doesn't speak USD (nor do we want him to).

Well, if you do your taxes the way my CPA told me, you're supposed to recognize mining income the moment it's generated to your wallet. The conversion to USD is meaningless.

1 BTC = 1 BTC

Just use the income tax % on the total amount of bitcoin, send that to the IRS

Or, you could live in a jurisdiction that doesn't tax capital gains...

wavelengthsf

full member

Activity: 658

Merit: 118

Quote from: DCGOO on April 08, 2018, 09:30:38 AM

But isn't that a meaningless number? You need to know what the price is when you convert to USD. You have to do that on one of the exchanges, because Kano doesn't speak USD (nor do we want him to).

Well, if you do your taxes the way my CPA told me, you're supposed to recognize mining income the moment it's generated to your wallet. The conversion to USD is meaningless.

DCGOO

newbie

Activity: 7

Merit: 0

Quote from: Shazam!!! on April 08, 2018, 09:11:01 AM

Thanx Kano!!! I was receiving alerts, saw the website was down, and instantly knew you'd be a busy fella.

Just a thought here about the new accounting page:

Is there any chance you could write a code/script that could, show the price of Bitcoin at the time of a reward payout? This feature
would certainly be helpful, for those of us who need to have a date with Uncle Sam! Ha!

But isn't that a meaningless number? You need to know what the price is when you convert to USD. You have to do that on one of the exchanges, because Kano doesn't speak USD (nor do we want him to).

kano

legendary

Activity: 4634

Merit: 1851

Linux since 1997 RedHat 4

Quote from: VRobb on April 08, 2018, 09:12:00 AM

Quote from: MinerSRQ on April 08, 2018, 08:38:19 AM

For those of you who have Solo as your third pool, which Solo service are you using?

https://bitcointalksearch.org/topic/yh-solockpoolorg-2-fee-solo-mining-usade-255-blocks-solved-763510

The expensive one that charges more than here and expects a large tip to make it even higher Tongue

VRobb

hero member

Activity: 1610

Merit: 538

I'm in BTC XTC

Quote from: MinerSRQ on April 08, 2018, 08:38:19 AM

For those of you who have Solo as your third pool, which Solo service are you using?

https://bitcointalksearch.org/topic/yh-solockpoolorg-2-fee-solo-mining-usade-255-blocks-solved-763510

Shazam!!!

full member

Activity: 350

Merit: 158

#takeminingback

Thanx Kano!!! I was receiving alerts, saw the website was down, and instantly knew you'd be a busy fella.

Just a thought here about the new accounting page:

Is there any chance you could write a code/script that could, show the price of Bitcoin at the time of a reward payout? This feature
would certainly be helpful, for those of us who need to have a date with Uncle Sam! Ha!

HSchmirPo

newbie

Activity: 47

Merit: 0

Thank's Kano for the ongoing develepment of dust payouts!

dutchlincoln

member

Activity: 434

Merit: 30

Thanks for all the effort and informing us Kano, highly appreciated.

MinerSRQ

member

Activity: 113

Merit: 10

Quote from: kano on April 08, 2018, 04:52:40 AM

All back up again finally - at 9:05 UTC

When KDB came back up, no stats were getting to it from ckpool - then ckpool deadlocked itself and crashed.
This of course meant a failover to your backup pools, then fail-back would have started at 9:05 UTC

This cleared up all the remaining problems since both KDB and ckpool had now restarted - and now all is going ok finally.

For those of you who have Solo as your third pool, which Solo service are you using?

kano

legendary

Activity: 4634

Merit: 1851

Linux since 1997 RedHat 4

Oh, I also forgot to point out, I removed the Payments page.
It's just a copy of data from the Rewards page and has never shown any extra useful information other than your address, which you should know

, but it does show payouts that didn't get sent due to dust.

When I complete the accounting code, the new Payments page will shows each actual Bitcoin payout, from the blockchain, that you've received and the transaction it is in, so it will match what your wallet says you got - and thus that also is how I will have a correct balance for each account and be able to make non-block based payouts for smaller miners, and do a bunch of large payouts to clean up everyone's unpaid balance.

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