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Coinbase Introduces Cryptocurrency Tax Calculator

Coinbase Introduces Cryptocurrency Tax Calculator

Coinbase Introduces Cryptocurrency Tax Calculator By Nathan Reiff | March 14, 2018 1:45 PM EDT With Tax Day rapidly approaching, cryptocurrency investors are scrambling to determine how their digital asset holdings are going to come into play when they file their taxes. (See also: Bitcoin IRS Tax Guide For Individual Filers .) For much of the history of digital currencies, this question has confused many investors. However, as digital currency investing has grown increasingly popular, the U.S. government has firmed up its expectations for how individuals who trade in cryptocurrencies must report that information each year. (See also: How the New Tax Law Impacts Cryptocurrencies .) Recently, the popular digital currency exchange Coinbase reported more than 13,000 clients to the U.S. Internal Revenue Service (IRS) . In order to make the process of filing taxes more straightforward for these customers, Coinbase has also recently launched a new tax calculator. (See also: IRS Orders Coinbase to Hand Over User Data .) New Tax Tools Simplify Cryptocurrency Reporting The idea behind the new tax tools is to provide Coinbase users with support as they prepare their tax filings. The calculator is not designed to automatically report information on behalf of users, but rather to assist clients and their tax professionals by simplifying the work that must be done. Effectively, the tax calculator generates a single report with the total buys, sells, sends, and receives of all currencies associated with a given Coinbase account, according to a report by Bitcoin.com . The report includes a cost basis for the purchases and proceeds, including exchange fees; this is helpful when making a determination of gains or losses. Tax professionals typically use one of two approaches: first in fi Continue reading >>

Daily Compound Interest Calculator

Daily Compound Interest Calculator

Calculate Your Daily Interest for a Fixed Amount of Days Your total cash withdrawals were: $ over the course of business days Your total NET profit for the -day period was: $ We have added a donation option to our site at the request of our users. We will use this fund to travel to events and report on new Coins, ICOs and Blockchain Technology. Thanks Continue reading >>

Coinbase Releases Cryptocurrency Tax Calculator

Coinbase Releases Cryptocurrency Tax Calculator

Coinbase Releases Cryptocurrency Tax Calculator Mar 13, 2018 at 04:30 UTC|UpdatedMar 13, 2018 at 04:35 UTC Cryptocurrency startup Coinbase has launched a new gain/loss calculating tool as part of an effort to help its user base keep up with U.S. tax requirements. In a blog post published on Tuesday, the firm explained that the calculator can be used to generate a report which outlines their capital gains (or losses) on its platform, using a first-in-first-out (FIFO) accounting method. The tool comes with a few caveats, however, namely that it's primarily aimed at users who have bought and sold on Coinbase exclusively - and isn't recommended for those who have purchased digital assets elsewhere or participated in an initial coin offering, per the blog. "This tool provides a preliminary gain/loss calculation to assist our customers, but should not be used as official tax documentation without validating the results with your tax professional," the startup also cautioned. Its release follows an earlier step by Coinbase on the tax front, when, in January, the startup reminded its users that they are liable for U.S. capital gains, even going as far as posting a consistent banner about the issue. The issue of taxation and cryptocurrencies has always been someone of a contentious topic, ever since the U.S. Internal Revenue Service announced in 2014 that it would treat such assets as a taxable form of property rather than, say, a currency. Concerns over the ambiguity of the IRS guidance - in its new blog, Coinbase itself writes that "we understand taxes for digital currency can be complicated" - have fueled complaints from professional circles. The topic also carries an added degree of weight for Coinbase specifically, which was the target of a lawsuit by the IRS as it sought Continue reading >>

Whattomine - Crypto Coins Mining Profit Calculator Compared To Ethereum

Whattomine - Crypto Coins Mining Profit Calculator Compared To Ethereum

Using below table, you can check how profitable it is to mine selected altcoins in comparison to ethereum. Please note that calculations are based on mean values, therefore your final results may vary. For best results fill all fields with your hash rate and power consumption. Input Groestl hash rate, not Myriad-Groestl. Default values are adapted for three 480 cards. Continue reading >>

Cryptocurrency Calculator And Altcoin Monitor. Track Your Coin Investments And Overall Balance, In Any Currency. We Show You The Money.

Cryptocurrency Calculator And Altcoin Monitor. Track Your Coin Investments And Overall Balance, In Any Currency. We Show You The Money.

Cryptocurrency calculator and altcoin monitor. Track your coin investments and overall balance, in any currency. We show you the money. A cryptocurrency calculator that displays the total worth of all your coins in pounds, euros, dollars and bitcoin. We show you the money. To add a currency use the drop down above, select your coin, enter a quantity and click the TICK icon. Your currencies will appear below and they will be stored in your browser for your next visit. To change your currency amount, click on the row, amend the amount and press the TICK icon. To cancel edits, and revert to the previous amount, click the CROSS icon and to delete the row click the TRASH icon. (c) copyright 2014 - all rights reserved about the data terms & conditions FAQ All currency movements are in relation to their BitCoin value only and reflect changes within the last 1hour. Rates are derived from an average of trade data on Cryptsy, CoinMarketCap, Mintpal and Poloniex. To contact us, tweet or DM us at @countmycrypto countmycrypto disclaims all liabilities regarding the content of these pages and any use thereof that could be made by any person. Neither countmycrypto nor the other providers of data on this website make any representations or warranties, express or implied, as to the accuracy, completeness, or fitness for any purpose or use of the content provided. Accordingly, you should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment or other decision. Continue reading >>

Cryptocurrency Calculator & Converter

Cryptocurrency Calculator & Converter

* Though Cryptonator synchronizes with online cryptocurrencies exchanges every minute, we cannot guarantee absolute accuracy of the displayed exchange rates. You should always confirm current rates before making any transactions that could be affected by changes in the exchange rates. Crypocurrency rates based on the data provided by exchanges APIs. All rates are for information purposes only and are subject to change without prior notice. Since rates for actual transactions may vary we are not offering to enter into any transaction at any rate displayed. Displayed rates are composite prices and not intended to be used for investment purposes. Continue reading >>

Cryptocurrency Prices Calculator: How Much You Could Have Made Or Lost Buying Bitcoin

Cryptocurrency Prices Calculator: How Much You Could Have Made Or Lost Buying Bitcoin

Cryptocurrency prices calculator: How much you could have made or lost buying Bitcoin Bitcoin is like teenagesex. Everyone is talking about it and you live in constant fear ofmissing out because you arenot having any of it. Despite Bitcoin's stellar rise in 2017,it has been enjoying a bumpy ride in recent weeks, as incoming regulation and investor jitters force it to swing back-and-forth. Take the Winklevoss twins, who used their $11m Facebook payout to buy Bitcoin. The pair might be Bitcoin billionaires one day and mere millionaires the next, thanks to the yo-yo-ing cryptocurrency. Those who are curious to see how much they might have made on cryptocurrencies such as Bitcoin, Ripple and Ethereum -if they had invested when they planned to - before the jitters set in -... Register or log in to view this and other Technology Intelligence articles. It's free and easy to do. Access brilliant stories, features and analysis Sign up to our exclusive Technology Intelligence daily newsletter Become part of our ambitious new Tech networking community Continue reading >>

How To Create An Ethereum Mining Calculator From Start Tofinish

How To Create An Ethereum Mining Calculator From Start Tofinish

How to Create an Ethereum Mining Calculator from Start toFinish Learn how to create an Ethereum mining calculator in GoogleSheets Imagine having an additional $20,000 per year with next to zero work. Ethereum mining has created an enormous amount of new wealth, and new industries are popping up every day to capitalize on this growing industry. To be successful in Ethereum mining, you need to know the following: All of these items can change drastically at any given time. Luckily, I created a template that automates the process. The quick and dirty setup (1 minute orless) Open the template, click the menu Add-ons / Spreadstreet / Help / View in store, and then click Manage and in the dropdown menu click Use in this document. Important You need to do this to activate Spreadstreet: Open the template, click the menu Add-ons / Spreadstreet / Help / View in store, and then click Manage and in the dropdown menu click Use in this document. Download the free Google Sheets template in the video description to follow along. Click File Make a copy to start your own calculator 1. Download the Spreadstreet Google SheetsAdd-in The Spreadstreet Google Sheets Add-in automates all of the dirty work for you, so you can find out quickly what hardware is the most profitable to mine Ethereum. Essentially what the add-on does is connect to various popular services within the cryptocurrency space. This calculator uses three services: CoinMarketCap, What to Mine, and Cryptocompare. 2. Pull in ticker information from CoinMarketCap In cell D1 of the Data tab, pull in the ticker information from CoinMarketCap. This is necessary in order to adjust for the value of the coins you will be receiving from mining. The coin value changes DRASTICALLY on any given day, so this single input can swing the mi Continue reading >>

Cloud Mining Calculator

Cloud Mining Calculator

Cloud Mining calculator estimates the profitability of cloud mining contracts for services like Genesis Mining and HashFlare, taking into account potential difficulty and price increases. WARNING: Any cryptocurrency investment, cloud mining in particular, is high risk. Do NOT invest money you can't afford to lose. Optimistic Prediction15% difficulty increase monthly10% price increase monthly Skeptical Prediction40% difficulty increase monthly8% price increase monthly Zcash (ZEC)Current difficulty: 8.63MMining starts in 33 days This calculator is similar to other mining calculators, but is more user-friendly for cloud mining, taking into account known fees automatically (such as daily charges for Bitcoin contracts & pool fees), and comparing current profitability on one page. We also provide optimistic/skeptical predictions for return on investment over 2 years based on current difficulty & fiat prices (updated every hour). Remember that these are predictions, not facts. Factors that we're not aware of may change these calculations, making profitability far higher or far lower. Never invest money you can't afford to lose. All information on this website is for general informational purposes only, it is not intended to provide legal or financial advice. We encourage you to consult your own legal & financial advisors before making any cryptocurrency-related purchase. 2018 Anything Crypto Ltd, Registered in England, 149/151 Sparrows Herne, Bushey Heath, Herts, WD23 1AQ, England Continue reading >>

Zcash Mining Calculator

Zcash Mining Calculator

Enter hashrate data for responsive chart! Enter hashrate data for responsive chart! Estimated Future {{coinSymbol}} Generated To save your configurations, simply bookmark the page you are on currently (Ctrl + D) or save the URL below! The diff change is the rate at which the network difficulty is changing every month. Diff change is used for the estimated future profits graph and break-even analysis. Typically in crypto, network difficulty tends to increase over time, meaning a miner will generate less crypto with the same hardware. Accounting for this changing difficulty is essential to generate long term profitability predictions. The diff change value is calculated by looking at the current difficulty and comparing it to the 12 hour moving average of the difficulty one month ago. For smaller coins the diff change can sometimes be inaccurate due to a wildly fluctuating difficulty. The diff change factor can be disabled by either manually setting it to 0 or clicking a "Use Diff Change" switch found below the graph and in the break-even analysis section. Diff Change value is very large. Future profitability estimates may be inaccurate. Consider making Diff Change smaller or turning off Dynamic Difficulty. Hashrate is the only value you need to input to use this calculator, we do the rest of the work for you! Hashrate is the speed which you are mining, and is normally clearly displayed by your mining software or in the specifications for mining hardware. Make sure that you have the correct hashrate suffix selected. For example, if your miner reports 600 GH/s, ensure that GH/s is selected and not TH/s. The Break-Even Analysis feature can help you predict how long it will take to become profitable for a given setup. Time to break-even is calculated by comparing your hardw Continue reading >>

What Crypto-mining Calculator Is The Most Accurate?

What Crypto-mining Calculator Is The Most Accurate?

What crypto-mining calculator is the most accurate? While some of the existing sites have done a great job in breaking down a complex problem into an easy-to-understand business model, users consistently have one big question: How profitable is {x} currency to mine? - everybody, ever While the user is able to see the inputs today, they are unable to get an idea of what it looks like in the future. The problem exists, because of two major uncertainties surrounding cryptocurrencies: Where the price of the currency will fluctuate over time Where the network hashrate (aka, the mining power of the entire network) or mining difficulty will fluctuate over time Both of these inputs are extremely volatile, and have a huge degree of uncertainty in the near and distant future. What most calculators online suffer from, is an inability to properly forecast the future. This is not because the people behind the calculators suck, but because it is near impossible to accurately predict the uncertain inputs. Along with that, they are unable to capture the tendencies or decisions of the user. Do I convert the coins to a different currency? Nicehash allows you to input hardware to see how profitable you will be specifically on their network. They are unique, because they have an algorithm that switches automatically between coins to mine what is most profitable. They also have a pretty robust custom setting. MyCryptoBuddy at least tries to simulate the effects of difficulty changes. They allow you to input a percentage increase in difficulty every month. While not ideal, its better than nothing. Plus, their graphs update in real-time, so thats kinda cool. If you want to see the inputs of what goes into calculating mining profits, I completed a blog post detailing how to create an Ethereum Continue reading >>

Crypto Calculator Crypto-coinz

Crypto Calculator Crypto-coinz

Nvidia Cards / AMD Cards - Select the number of cards you have Exchange buttons - Select the exchanges from which you want to get price information. Major exchanges are used to get BTC price. You can disable exchanges that you don't want to BTC price to be taken from and leave Coin market Cap to use a mean value for the BTC market. Algorithm buttons - activate the algorithms you want to calculate. 1. Revenue $ - Shows the estimate for the next 24 hours based on the information from the last mined block. Information from the last block used is the Global Hash rate. The time for a block from the coins Specifications is used for calculate the profits for the next 24 hours. his is an estimate profit based on the current Global Hash rate, if the hash rate changes, the profit will change too. Coins with volatile networks are expected to jump up and down and occasionally show on top of the list. 2. Revenue $ 24h - Shows the profits from mining the coin for the last 24 hours. The actual number of blocks mined from the network in the last 24 hours is used for the calculation. Information for the Global Hash rate from each mined block is extracted and used to perform the calculation. 3. Miners leaving opportunity - This will sort the coins based on the Loss of Hash rate to their Global Hash rate values. Meaning that you can benefit from getting more coins from the currency you want to build a stack from faster because miners have moved to some other more profitable coin. Although this will not give you the best profit in the present moment, this can help you acquire the coins you want faster and hold them for that Reward - Shows the number of coins that will be mined in the next 24 hours if the Global Hash rate stays the same. Reward 24h - Shows the number of coined that were mi Continue reading >>

 Bitcoin Calculator - Bitcoins En Andere Cryptocurrency Omrekenen!

Bitcoin Calculator - Bitcoins En Andere Cryptocurrency Omrekenen!

BITCOIN, ETHER, LITECOIN etc. KOPEN MET iDEAL? Bitcoins, Ether en andere cryptocurrency omrekenen! Met de Bitcoin calculator kun je makkelijk BTC Bitcoins omrekenen in euro's. Ook andere cryptocurrencies (digitale valuta) of cryptogeld worden ondersteund. Naast dat je deze digitale valuta kunt omrekenen in euro's, kun je de gewenste cryptocurrency ook omrekenen in o.a. de Amerikaanse Dollar, Ether en meer. Eerst kies je de gewenste valuta, vervolgens voer je of bij de digitale valuta of bij de "normale" valuta het gewenste bedrag in en de Bitcoin calculator rekent het direct voor je om. Bitcoincalculator.nl informeert je daarnaast over de meest actuele koers en waarde van de meest populaire digitale valuta. Bitcoin calculator stoomt je daarnaast in een Bitcoin cursus van 6 lessen klaar om je vermogen te laten groeien door Bitcoins of andere cryptocurrency te verhandelen. Geen basiskennis vereist! Voer het bedrag aan BTC Bitcoins in het 1e veld in. Vervolgens verschijnt er vanzelf het omgerekende bedrag in het andere veld. De Bitcoin calculator ondersteunt verschillende valuta zoals:Australische dollar, Amerikaanse dollar, Canadese dollar, Brits pond sterling, Zwitserse franc, Japanse yen en Chinese yuan. Ook ondersteunt de Bitcoin calculator de meest uiteenlopende cryptocurrencies (cryptogeld) zoals ETH Ether (Ethereum), XRP Ripple, Dash, LTC LiteCoin en meer. Stap 2. Kies de valuta waarin je de coin wilt omrekenen. Helemaal rechts naast de invoervelden zie je een drop-down selectie knop. Wanneer je hierop klikt, kun je de gewenste (crypto)currency selecteren, waarin omgerekend moet worden. Onder de calculator wordt tevens ter indicatie weergegeven hoeveel euro n coin op dit moment oplevert. De Bitcoin calculator werkt ook andersom. Je kunt ook een valuta terug omreken Continue reading >>

Crypto Platform Zloadr Launches New Currency Calculator

Crypto Platform Zloadr Launches New Currency Calculator

Crypto Platform Zloadr Launches New Currency Calculator February 01, 2018 11:29 AM Eastern Standard Time LONDON--( BUSINESS WIRE )--One of the worlds leading crypto publishing platforms, Zloadr, has announced that it is launching a new online cryptocurrency converter calculator , adding to its existing range of digital tools. The calculator acts as an automated world currency and cryptocurrency converter, enabling users of the platform to convert a wide range of global, Government-issued fiat currencies to the value of different cryptocurrencies, and vice versa quickly and easily. The calculator is expected to rival existing online conversion tools. Early statistics indicate that bitcoin (BTC) is among one of the most commonly converted cryptocurrencies right now, in line with the coins position at the top of the market capitalisation leaderboard. Bitcoin appears to be most frequently considered alongside the United States Dollar (USD) and British Pound (GBP). Ethereum (ETH), second by market cap, is also shown to be popular with users. Zloadrs new currency calculator is understood to be one of the most comprehensive online converters available to web users today, not only covering fiat currencies from the Afghanistan Afghani (AFN) to the Zimbabwean Dollar (ZWL), but also including cryptocurrencies such as bitcoin, litecoin (LTC), ethereum, ethereum classic (ETC), ripple (XRP), and dash (DASH). Zloadr, which was founded in 2015, conducted an initial coin offering (ICO) of its own token last year, prior to the full launch of the publishing platform. The launch of Zloadrs digital conversion tool follows the platforms recent expansion into international markets, and forms the latest in a long line of exciting announcements. Following on from a partnership with The Guardia Continue reading >>

Neotogas - Neogas Calculator, Check Neo Balance & More!

Neotogas - Neogas Calculator, Check Neo Balance & More!

NEO is China's first ever original and open source public chain project. NEO serves as a smart assets platform. Smart assets are the combination of smart contracts of blockchain technology and digital assets. NEO allows for smarter registration, issuance, and circulation of digital assets. NEO via technologies including P2P, dBFT, digital certificate, smart contract, superconductive trade, cross-chain operation protocol, enables people to manage smart contracts effectively, safely and legally. NEO Smart Economy is a next generation economy and trade where trade agreements are written in almost any programming language using a Smart Contract. NEO is often called "China's Ethereum" because of it's similiarities to the Etherum blockchain. GAS is a Cryptocurrency which is distributed by holding NEO in your wallet. GAS is used to fuel transactions on the NEO blockchain. With each NEO Block getting generated, GAS will be distributed to all NEO holders. NEOtoGAS has been brought to life by N1njaWTF . The aim of this NEO Community website is to provide an easy & simple to use NEO GAS Calculator, the actual NEO & GAS Market Price & other useful things. You can also check your NEO Balance, your NEOGAS balance & the unclaimed NEOGAS you currently got. I think the site is also great for new people that are interested in the NEO Blockchain, Cryptocurrency and its Community. With every new block being generated, it will distribute 8 GAS for all 100,000,000 NEO. These 8 GAS will then get divided and sent out to the NEO holders with every new block. That means, the GAS generation per day depends on the actual block generation rate, because GAS is being distributed when a new block gets generated. As you may have noticed, the GAS reward calculator shows 2 values. Below you can see what Continue reading >>

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