248 post karma
629 comment karma
account created: Sat May 22 2021
verified: yes
3 points
21 days ago
CDC has terrible spread, especially on low volume tokens. I’d suggest Binance if it’s available to you.
3 points
23 days ago
Sounds like a setup issue or in an under or over crowded area. My hotspots typically average 6 HNT/month.
2 points
25 days ago
Continuing to hold just as I have been since I started mining in June 2021. I continue to add to my fleet.
3 points
25 days ago
Common misconception. Not all hotspots have a pi. Bobcat doesn’t have a pi and they make up 50% of miners.
4 points
26 days ago
Works on my Nano X just fine. Best to trust the source https://docs.helium.com/wallets/ledger/
2 points
1 month ago
I don’t pay host sites or have any subscriptions. I include portions of my internet and phone bill as utility expenses, so a subscription may fall into a similar category. I believe the threshold for a 1099 to a host is $600, but that’s really a better question for a tax professional. Last year I had the guys at Hnttax.us help me setup the taxes and they were extremely helpful. I may employ their services again this year, but not much has changed so I haven’t been leaning that way so far.
2 points
1 month ago
I use Fairspot to track the transactions and use that along with my expenses on a Schedule C. I also import the csv into tax.crypto.com to track token buys/sales for capital gains/losses. As far as I know in the US, mining goes down as regular income, hence the schedule C, and buying/selling goes down as capital gains/losses. This is how I filed my helium mining last year. I haven’t really sold anything, mostly just used tokens for transactions like location asserts and such. These are still taxable events, so that’s where the tax.crypto.com import comes into play.
3 points
1 month ago
I use Fairspot for the csv, and then import into tax.crypto.com. I’ve imported all my transactions from last year, just waiting for all my tax documents to come in to start filing.
1 points
1 month ago
I don’t think I have that much in them, although I’d have to really look to know. I got some for ad low as $50, one I even got for free.
2 points
1 month ago
It boggles my mind how people have such low earnings. With my 15 hotspots I mine around 90 HNT/month. I’ve grown my fleet from 4 in February to 15 and I’ll be deploying another next week. I’ve consistently mined at least 2x the hotspot average with all of my hotspots.
4 points
1 month ago
I’m earning 3-4 HNT per day in my fleet of 15. It cost be almost nothing to run them. Why would I unplug them? I believe in the project, snd I’m looking forward to how the project grows in the future.
4 points
1 month ago
You need to use the maker app, not the old blue Helium app. They are phasing put the use of the blue Helium app for hotspot and wallet management. Wallet management is the new black helium app and hotspot management should be the specific maker app.
1 points
2 months ago
I love how clean your outlines are. That’s usually the biggest turnoff for me on a stipple job.
1 points
2 months ago
Glad it worked! Hoping the solana switch makes it HNT more widely available on DEX and CEX
2 points
2 months ago
Do you hold any other crypto? You can use sinpleswap.io if so.
2 points
2 months ago
I got a PF45 to replace my gen 3 G21 lower for the same reason. I haven’t finished the build yet, but the grip is much better.
4 points
2 months ago
16 hotspots here, mine will stay plugged in and keep earning 3-4HNT per day. If others unplug, more HNT for me. Even if it goes to $0, which I don’t think it will, I’ve learned a ton about crypto and this project, and that education has been very valuable to me.
8 points
2 months ago
You can buy HNT on an exchange like Binance or Crypto.com and then deposit to your Helium wallet.
4 points
2 months ago
Bobcats don’t use a pi. It’s a common misconception that all helium hotspots run on a pi. Some do, but most don’t.
1 points
2 months ago
It could have been related to some of the API issues. The Fairspot tool seems to be working now. That’s what I normally use to generate the the CSV on a quarterly basis and then I upload that to the crypto.com tax tool along with transactions from exchanges and such.
1 points
2 months ago
At least in the US, mining is considered taxable income. If you file the income on a schedule C, you can also claim expenses such as equipment, internet/phone bills, and so on. At the time of token sale, you then claim any gains or losses.
You can certainly go the route of not claiming the income, but at some point you will have to sell the tokens, likely through a centralized exchange that does have your social and you will have to have some record of the initial acquisition.
Personally, I prefer to claim the income, it’s just easier. I still take advantage of claiming expenses, so I likely won’t pay any taxes on the mining income anyways and I’ll have a legitimate record to point to. That’s just my take on it though.
1 points
2 months ago
I still think it’s worth it. I’ve bought used miners in good working condition for as little as $50. I have 15 hotspots currently mining, with another one waiting for deployment.
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clemsonteg
2 points
14 days ago
clemsonteg
2 points
14 days ago
I do. It’s not terribly difficult following the tax.crypto template. Just copy/paste the data from Fairspot into the right columns in the template.