nicehash-basis-tracker

Script to help you track your cost basis of BTC received from nicehash mining. (by igmcdowell)

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nicehash-basis-tracker reviews and mentions

Posts with mentions or reviews of nicehash-basis-tracker. We have used some of these posts to build our list of alternatives and similar projects. The last one was on 2022-09-20.
  • Just a reminder: In 2019 RX470 were $70, RX580 $100
    2 projects | news.ycombinator.com | 20 Sep 2022
    Same story, bought an RX580 to build a budget gaming box, ended up mining with it to pay for the rig.

    I switched to another pool that paid out less often after realizing the accounting nightmare that nicehash makes. I did make a cost basis tracker, not sure if the APIs still work tho: https://github.com/igmcdowell/nicehash-basis-tracker

    As others said, you should pay taxes on the initial value of coins on receipt, but when you convert to fiat you only owe taxes on the change in value since you received it. You might even have a small loss at this point if the value of BTC dipped between receipt and sale.

    Usual IANAL/Tax person disclaimer.

Stats

Basic nicehash-basis-tracker repo stats
1
1
10.0
almost 3 years ago

The primary programming language of nicehash-basis-tracker is Python.


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