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Do businesses who accept Bitcoin have to calculate every single transaction's market value to determine the taxes they owe?
So if you have Customer 1: Pays .002 BTC for a $5 sandwich Customer 2: Pays .004 BTC for a $5 sandwich Customer 3: Pays .003 BTC for a $5 sandwich Do they then need to say OK, .08 times $5 is .40 cents. So I need to pay .40 cents to the government. However, because the market value changes, would they then need to calculate how much more they gained after the fact and pay capital gains on that? And then multiply doing that by every transaction?
Stock-to-flow Ratio Projects the Value of Bitcoin Via Calculating Its Scarcity, Has Been Remarkably Accurate Throughout Bitcoin’s History, Predicts Bitcoin Will Rally to $50,000-$100,000 by the End of 2021
Advice needed: how to calculate fair value for Bitcoin bet?
The bitcoin bet is as follows: - if bitcoin trades >= 10k USD on 31 Dec 2019 midnight SGT then party A pays party B x USD - if bitcoin trades < 10k USD on 31 Dec 2019 midnight SGT then party B pays party A x USD If we want to settle this bitcoin bet early (for example today), then how would one calculate the fair value? It's clear that in this case, as bitcoin is currently trading less than 10k USD, it would be party B paying party A an amount > 0 but < x. But what would be a fair amount? Does the bet resemble a binary option? If so, is there a market for bitcoin binary options that we can use to gauge the market sentiment? Or should we use Black-Scholes and is there any online calculator?
If we want crypto to thrive, we need CMC and Exchanges to stop calculating Alt values from bitcoin price
Weve seen a lot of red lately. Much of this is because the calculated value of most cryptos is solely from BTC price, as most cryptos on exchanges arent traded to any fiats. (alt to bitcoin price ratio) * (bitcoin price in fiat) = alt price in fiat This means any time bitcoin drops, everything else is going to drop. This is terrible for the crypto community. Every coin should be able to grow independently of bitcoin, and not have its value dragged down when bitcoin drops. We need to start pushing for the CMC and exchanges to stop calculating Alts value solely on bitcoin value. Having exchanges pair everything with stable value currencies will remove these wild swings in the crypto market any time BTC goes down. More pairings = more arbitration = price averaging instead of crashing. edit: EXAMPLE - A coin is listed for .01BTC per coin on the exchange, BTC pairing only. If the price of BTC on Monday is $15000 the alt coin is worth $150. On Tuesday if BTC drops to $500 the alt coin is worth $5 according to current market valuation methods. This is the worst way to derive value for a crypto. We need a movement to add more pairs, and for each crypto to have as many fiat pairings as possible to prevent the market from crashing just because bitcoin does.
@cz_binance: Me explaining btc to people: bitcoin doesn't exist. Nowhere, not in a computer, not in a bank, not physically. It's calculated based on a ledger... And it has tremendous value. Can I make myself sound more like a rat poison salesman? Who invented this stuff? https://t.co/ttDGMxyUPJ
How to calculate my Bitcoin mining earnings with given values
Hi! I'm a miner and I want to find out how much cash I will earn. https://www.cryptocompare.com/mining/calculatobtn has a really nice calculator for that but I want to know the actual formula based on my hashrate, network hashrate, network difficulty, block time and block reward. Please don't short numbers just use variables in the formula. Thank you! Edit: all I have is: (my hashrate)/(network hashrate) * 1440/(block time) * (block reward) but if I use 0.2 MH/s my earnings are >2 BTC/year that can't be true.... Thanks in advance! Solution: The formula is correct... I made a mistake by assuming an API returned the network hashrate in H/s but it returned GH/s.
Accurate Bitcoin mining calculator trusted by millions of cryptocurrency miners since May 2013 - developed by an OG Bitcoin miner looking to maximize on mining profits and calculate ROI for new ASIC miners. Updated in 2020, the newest version of the Bitcoin mining calculator makes it simple and easy to quickly calculate mining profitability for your Bitcoin mining hardware. Find out the latest Bitcoin (BTC) value with cryptocurrency calculator. Convert Bitcoin and other cryptocurrency into any world currency including USD, GBP, EUR, CNY, JPY, and more he CoinDesk Bitcoin Calculator converts bitcoin into any world currency using the Bitcoin Price Index, including USD, GBP, EUR, CNY, JPY, and more. Profitability Calculator. Check or Compare the potential earnings of your hardware. Calculator Comparison Auto Detection. For CPU & GPU only. autodetect my hardware For Windows 64bit users only. or. Manual Selection. CPU, GPU & ASIC. ENTER HARDWARE MANUALLY. BEST PERFORMING HARDWARE Top 5 hardware Currently on NiceHash. ASIC . EARNINGS/DAY. BITMAIN AntMiner S19 Pro. 0.00083300 BTC $10.81 ... It is not really difficult to understand how to use bitcoin calculator and with a little practice and knowledge the process gets easier. Use the bitcoin calculator above and see the currency value of bitcoin. So far, this basic calculator can only calculate United States Dollar (USD), British Pound (GBP) and Euro (EUR). We’re working to add ...
Trading Bitcoin: 4 Steps to Calculate Your Position Size ...
How to Calculate the Satoshi unit value with this Formula is a simple way I demonstrate how you can convert from Bitcoin price and the coin price to obtain theSatoshi unit value. Easy formula to ... How can we determine a "Fair Value" for Bitcoin BTC? Bitcoin is a unique asset class that has only been around for 9 years so far. Yet there have been many attempts to create a model for Bitcoin's ... Every time we send a bitcoin transaction, we pay a fee relative to its size. Strangely, this has almost nothing to do with how much money is being sent -- the blockchain world just isn't that simple! In this video, i show you How you can find easily #Bitcoin, Litecoin, Dogecoin price in your native currency in US Dollar(#USD), Euro(EUR), British Pound(#GBP), Canadian Dollar(CAD), Australian ... I just googled and found an amazing tool for BTC to Alts, BTC to Fiat, Fiat to BTC, and Fiat to Fiat Converter. Website Link: https://coinkalk.com It also offers profit calculation tool. We just ...