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Title: Techniques for tracking mining ROI Post by: windpath on April 07, 2014, 04:19:32 PM I'd love to hear how various miners track their ROI, what systems you have developed, how you keep track, etc...
Title: Re: Techniques for tracking mining ROI Post by: precrime3 on April 07, 2014, 04:28:39 PM I'd love to hear how various miners track their ROI, what systems you have developed, how you keep track, etc... 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. Title: Re: Techniques for tracking mining ROI Post by: beatljuice on April 07, 2014, 05:08:25 PM 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. Title: Re: Techniques for tracking mining ROI Post by: cloverme on April 07, 2014, 07:57:09 PM I'd love to hear how various miners track their ROI, what systems you have developed, how you keep track, etc... Started out with a spreadsheet then made a custom app written in C# that provides some minimal forecasting. Title: Re: Techniques for tracking mining ROI Post by: firejuan on April 08, 2014, 08:45:45 PM 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.
I'd love to hear how various miners track their ROI, what systems you have developed, how you keep track, etc... 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. |