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The U.S. Treasury classified bitcoin as a convertible decentralized virtual currency in 2013.[34] The Commodity Futures Trading Commission, CFTC, classified bitcoin as a commodity in September 2015. Per IRS, bitcoin is taxed as a property.[35] In September 2016, a federal judge ruled that "Bitcoins are funds within the plain meaning of that term".[36] In June 2018, Supreme Court of the United States debated bitcoin future for the first time.[37]
Just reports your mining revenue in terms of USD as income and then any capital gains/losses upon trading the coin and you’ll be good regardless of what prohashing does
none of us are attorneys or tax lawyers, so who knows what the official ruling would be. Just do all your reporting to the IRS correctly and you’ll stay out of trouble.
well there are tax laws for exchanging property for property whereby you don’t have to pay taxes, but I think it has been indicated that cryptos don’t fall into that category...I’d have to research the guidance from authorities.
Almost all cryptos have a value in terms of USD and that is the basis for any tax calculations. I don’t like paying taxes, but I also don’t want to tempt the IRS to f me over
There is a delay on the LIVE PROFITABILITY data. Its just a representation so you can tell what coins are in error mode. You can't use the LIVE data to program a bot to mine for max profit. That's why they added a delay, so you can't use that data to bot farm max profits now.
CSZiggy wrote: There is a delay on the LIVE PROFITABILITY data. Its just a representation so you can tell what coins are in error mode. You can’t use the LIVE data to program a bot to mine for max profit. That’s why they added a delay, so you can’t use that data to bot farm max profits now.
If we allowed people to write their own bots to switch coins, then that would take away from miners who are using automatic coin switching
I have a z9 mini that I’ll be getting in a few hours if you guys want to do testing to get the functionality on your servers. If you aren’t going to support, it would be nice to know.
Got mine an hour ago, running smooth... had trouble connecting at first, but if you have that try the specific port shown on the help tab, worked for me.
ok, cool - I saw on forums that people said it wasn’t working so I just thought I’d ask here. You would think folks would be happy to speak up about it, but I guess not.
