I started mining in 2018. I'm trying to setup a system to record mining income and trades for tax reporting. I mine/trade a dozen or so currencies, so I have multiple wallets, multiple pools, multiple exchanges... This could get complex. What is you approach to dealing with all this? My first thought is to;
Step 1: Get Income Generated
1. Scrape data from the pools I mine to get transactions. Put these into a sql database.
2. Scrape data from an exchange or other data source to convert a currency I mined to USD.
Step 2: Trading
On a weekly basis, manually enter weekly coins mined into cointracking.info using a weekly average basis. Once they are in CoinTracking, I should be able to trade them, and keep the accounting in order.
What do you do? I'm trying to get my head wrapped around this.
Thanks,
Jeff
Step 1: Get Income Generated
1. Scrape data from the pools I mine to get transactions. Put these into a sql database.
2. Scrape data from an exchange or other data source to convert a currency I mined to USD.
Step 2: Trading
On a weekly basis, manually enter weekly coins mined into cointracking.info using a weekly average basis. Once they are in CoinTracking, I should be able to trade them, and keep the accounting in order.
What do you do? I'm trying to get my head wrapped around this.
Thanks,
Jeff