Search found 10 matches

by investmentgroup
Sun Dec 31, 2017 2:12 pm
Forum: System support and feedback
Topic: 2018 Taxes on Trades - Boooo
Replies: 42
Views: 7459

Re: 2018 Taxes on Trades - Boooo

Here is something which may be helpful to customers who are working on taxes. We may make a sticky notice of this in the future. ------------------- Our view is that mining pools rent computer systems from customers and pay customers for the usage time of those systems. We assign the computers the ...
by investmentgroup
Sun Dec 31, 2017 10:36 am
Forum: System support and feedback
Topic: 2018 Taxes on Trades - Boooo
Replies: 42
Views: 7459

Re: 2018 Taxes on Trades - Boooo

I'm not an accountant or tax attorney, so take this for what it's worth. Here is what I've been doing since 2014. I use bitcoin.tax . They have 3 sections, Trading, Income, Spending. For Trading, I import my trade data from the trade API's to suck it off the respective exchanges. In 2016 I had over ...
by investmentgroup
Tue Dec 26, 2017 4:49 pm
Forum: System support and feedback
Topic: is there a way to list or print up total earnings from prohashing
Replies: 3
Views: 950

Re: is there a way to list or print up total earnings from prohashing

Not exactly the answer to the question, but I'm able to gather this data from the tax reporting software I use, bitcoin.tax . I mine into specific wallets that only receive inputs from mining activity. Then I add the addresses in the Income tab on the site and it will scrap earnings off the block ch...
by investmentgroup
Wed Dec 20, 2017 1:05 pm
Forum: News
Topic: Bitcoin payments policy changes
Replies: 14
Views: 3203

Re: Bitcoin payments policy changes

I would argue that I as a miner have not earned the coins until they are paid to my wallet. While they are sitting in prohashing they are just accumulating a invoiced balance. Similar to me working. Every day I go to work and accumulate some hours which entitles me to be paid. But until the check r...
by investmentgroup
Wed Dec 20, 2017 9:33 am
Forum: News
Topic: Bitcoin payments policy changes
Replies: 14
Views: 3203

Re: Bitcoin payments policy changes

I would argue that I as a miner have not earned the coins until they are paid to my wallet. While they are sitting in prohashing they are just accumulating a invoiced balance. Similar to me working. Every day I go to work and accumulate some hours which entitles me to be paid. But until the check re...
by investmentgroup
Wed Dec 20, 2017 8:04 am
Forum: News
Topic: Bitcoin payments policy changes
Replies: 14
Views: 3203

Re: Bitcoin transactions unconfirmed

Would a possibility be to give us the ability to convert to another coin for payment? Then if you could batch up these requests and move and exchange the BTC for LTC for example we could receive payment at a lower threshold. I suppose it's even possible there would be enough people in the prohashing...
by investmentgroup
Wed Nov 22, 2017 11:12 pm
Forum: System support and feedback
Topic: Taxes - Clearing up some Questions (USA ONLY)
Replies: 37
Views: 6903

Re: Taxes - Clearing up some Questions (USA ONLY)

In case anyone finds it helpful I've been using https://bitcoin.tax/ since 2013 and have found it extremely helpful. For mining, you are able to point at the wallet address to indicate that the activity is for mining. My first year mining I didn't separate out my mining income, now I keep wallets e...
by investmentgroup
Mon Nov 13, 2017 10:30 pm
Forum: System support and feedback
Topic: Taxes - Clearing up some Questions (USA ONLY)
Replies: 37
Views: 6903

Re: Taxes - Clearing up some Questions (USA ONLY)

In case anyone finds it helpful I've been using https://bitcoin.tax/ since 2013 and have found it extremely helpful. For mining, you are able to point at the wallet address to indicate that the activity is for mining. My first year mining I didn't separate out my mining income, now I keep wallets ex...
by investmentgroup
Sun Jun 04, 2017 7:41 am
Forum: System support and feedback
Topic: Payouts not Executing
Replies: 316
Views: 67885

Re: Payouts not Executing

Hit the LTC threshold, payment did not go through this morning as usual.