The following content was written by windpath on April 07, 2014, 04:19:32 PM in the thread Techniques for tracking mining ROI. All content is owned by the author of the bitcointalk.org post. (original)
I’d love to hear how various miners track their ROI, what systems you have developed, how you keep track, etc…
The following content was written by precrime3 on April 07, 2014, 04:28:39 PM in the thread Techniques for tracking mining ROI. All content is owned by the author of the bitcointalk.org post. (original)
keeping a log? There is no automatic system, is that whats your after. its not that hard to say “okay I earned this much on this day” and just add them together.
The following content was written by beatljuice on April 07, 2014, 05:08:25 PM in the thread Techniques for tracking mining ROI. All content is owned by the author of the bitcointalk.org post. (original)
Spreadsheet.
Cost of equipment
Electricity (Don’t forget cooling and lighting)
Repairs
Re-investment
Current value of equipment (depreciation is fast on mining equipment)
Time (most people don’t keep track of this, but at least keep it in mind)
Snacks/entertainment (Do you have a subscription to Pandora you listen to while working? Need energy drinks to stay awake?)
Mileage (Had to hit Fry’s for a power supply?)
Space used (Renting to your business is a good money maker/write off)
Internet access and equipment
It can be kind of fun, and I’m sure I’m missing things.
The following content was written by cloverme on April 07, 2014, 07:57:09 PM in the thread Techniques for tracking mining ROI. All content is owned by the author of the bitcointalk.org post. (original)
Started out with a spreadsheet then made a custom app written in C# that provides some minimal forecasting.
The following content was written by firejuan on April 08, 2014, 08:45:45 PM in the thread Techniques for tracking mining ROI. All content is owned by the author of the bitcointalk.org post. (original)
Not a tax expert, but some of beatljuice’s list could possibly used as tax information for US miners since mining income is considered a type of self employment so now you can keep up with ROI and HOPEFULLY get some tax breaks.
Cost of equipment
Electricity (Don’t forget cooling and lighting)
Repairs
Re-investment
Current value of equipment (depreciation is fast on mining equipment)
Time (most people don’t keep track of this, but at least keep it in mind)
Snacks/entertainment (Do you have a subscription to Pandora you listen to while working? Need energy drinks to stay awake?)
Mileage (Had to hit Fry’s for a power supply?)
Space used (Renting to your business is a good money maker/write off)
Internet access and equipment
It can be kind of fun, and I’m sure I’m missing things.
