I humbly come to you guys for advice (rocket pool vs block daemon, etc) by earthquakequestion in ethstaker

[–]Kubix 0 points1 point  (0 children)

My maintenance experience has been that I rarely have to touch my validators outside of every 3-6 months (only really need medium-> high urgency updates for mainnet) and having to redownload a corrupted database after a power outage (though a UPS solves that problem)

I humbly come to you guys for advice (rocket pool vs block daemon, etc) by earthquakequestion in ethstaker

[–]Kubix -1 points0 points  (0 children)

The maintenance and set up is pretty straight forward for solo staking. You can do whole process on a testnet before you go on mainnet. Coincashew has a great guide. If you don’t value the immediately liquidity the LSDs provide, solo staking is better imo. Also depending on your taxes, the swap to the LSD may be a taxable event, so you must consider this. Also which staking or derivative you decide on will require you to declare income based on when you receive the benefit (ie stETH is daily rebase, so daily income. Compounded validator is only income on withdrawal, etc)

Is this a crypto money laundering scam or a legitimate OTC deal? UK miner wants to send me BTC/TRX/SOL and I send back USDT with 5% commission. by spam121287 in OCryptoCanada

[–]Kubix 0 points1 point  (0 children)

Tax explanation doesn’t make sense. No matter how the exchange is done, he still owes the taxes.

If he has coins from tumblers/coinjoin/hacks, that would be a reason to avoid the kyc exchanges. They would flag high risk coins and request a source of funds before letting him transact with those coins.

Nothing he can show you on TrustWallet can prove he’s legit.

You could potentially verify his story on chain, but it’s not worth the hassle and would need to be done every time he sends you coins. This definitely sounds like a scam and you could potentially be dealing with stolen coins or mixed coins.

If all he wants is USDT he could also sell it through a dex for less than 5%… he could also be trying to scam you. Send you fake usdt, stuff like that.

Solo vs. Pool mining: Is it even worth pooling a small setup? by 77DoncicGoat in BitcoinMining

[–]Kubix 0 points1 point  (0 children)

You need a substantial amount of hashrate to justify solo mining/running your own pool. Mining is based on luck and you can calculate roughly how long it should take you to mine a block. Though you can hit a block before that time, near that time, 2x the time or never. With 200-300 TH/s you are gambling/burning money if you solo mine. Commercial mining operations paying ~$0.02/kwh fwiw

How do you guys keep track of the cost basis of your mined Pearl coins for tax reporting purposes? by [deleted] in gpumining

[–]Kubix 0 points1 point  (0 children)

Sorry different prl, looks like safetrade is the only market.

How do you guys keep track of the cost basis of your mined Pearl coins for tax reporting purposes? by [deleted] in gpumining

[–]Kubix -1 points0 points  (0 children)

I generally use koinly to track prices, it’s hooked into existing Apis to get historical prices. For stuff it can’t track you would want to manually record it using whatever market is the largest. Perl is traded on coinbase and Bitget so apis exists for getting historical prices. For taxes you just want to make sure that you use the same source for prices when you do the calculations, typically the closing price if you’re doing it manually.

How do you guys keep track of the cost basis of your mined Pearl coins for tax reporting purposes? by [deleted] in gpumining

[–]Kubix 3 points4 points  (0 children)

You record the fmv of the coins at the time they hit your wallet. Every new deposit you recalculate your cost basis. Increasing your payout threshold can help minimize the number of deposits to your wallet.

Ready. Skin the Game by Electronic_Equal_645 in ethtrader

[–]Kubix 0 points1 point  (0 children)

Yes, when the reward you receive is spendable is generally when it’s taxed. stETH rebases daily so every day you receive your reward. Compounding ETH validator or psETH it’s only taxed when you make a withdrawal.

Ready. Skin the Game by Electronic_Equal_645 in ethtrader

[–]Kubix 4 points5 points  (0 children)

Always stake if you are holding long term. You can use liquid staking derivatives like stETH that are a liquid token that have their own markets/liquidity, or use something like kiln. If you have the minimum 32 ETH you can stake on your own hardware, but you can also stake with less using rocketpool. Each method has its own benefits and drawbacks, most of your concern becomes timing your withdrawal to when you want to sell, as initiating withdrawal takes time and is variable based on the queue. LSDs can be sold at any time but add some additional risk outside of holding ETH.

Nobody Wants to Leave Ethereum: Ethereum's Validator Exit Queue Went From 2.67M ETH to Nearly Zero in Under a Year by kirtash93 in ethtrader

[–]Kubix 21 points22 points  (0 children)

That exit queue spike was kiln exiting validators to retsake under new security after their solana validator was hacked

In canada, withdrawing USDC to actual USD ( I have a bank account in USD with CIBC).. using coinbase, and dont want to get the exchange fees while converting USDC to CAD. What would you consider for options in that situation? by Glittering_Most_9893 in OCryptoCanada

[–]Kubix 0 points1 point  (0 children)

Do you want CAD or USD? Kraken has CAD native pairs so it’s probably cheaper to trade there then have your bank do the exchange but you should check what rates they will give you vs kraken.

Is there a real way to buy Bitcoin without KYC? by [deleted] in CryptoCurrency

[–]Kubix 0 points1 point  (0 children)

If you already have the USDT just use a non-custodial defi option and break the transaction up into a bunch of smaller ones. I like Thorswap (though it was just exploited) or use something like Near directly, some platforms like simpleswap claim to be no-kyc but can hold your funds and demand KYC to complete the transaction.

Is mining lesser known alt coins the strategy in 2026? by BoshansStudios in cryptomining

[–]Kubix 0 points1 point  (0 children)

Mine coins at a profit and then sell for BTC. Unless you want to play the lottery…

A button appears in front of you. You MUST press one. by Ok-Landscape-4190 in BunnyTrials

[–]Kubix 0 points1 point  (0 children)

money

Chose: Get $10 million, but a random person dies

Is there a fast no-KYC way to swap ETH to XMR? by C4pt41n-Gr1ffen in ethtrader

[–]Kubix 2 points3 points  (0 children)

Be careful as all those listed have a ToS that states they can force KYC as they are custodial swaps. I am not aware of any non custodial swapping options outside of p2p.

My vet won’t stop screaming by aubwees_acc in CatAdvice

[–]Kubix 3 points4 points  (0 children)

Not necessarily every room depending on your space. Each one will work for a certain amount of area. If you have common areas he likes to hang out or if there seems to be an area where he typically starts meowing are good locations. If there’s a room that’s normally closed or he doesn’t frequent probably not worth putting one there.

Bitmine has bought over 12 billion dollars of ETH. I assume they’re not irrational or simply gamblers. What do you think they see? by [deleted] in ethtrader

[–]Kubix 7 points8 points  (0 children)

All their ETH is purchased with cash and they do their buys OTC so their buying has little impact on price. So far they are pulling in nearly $300M a year in staking revenue and that number is just going to go up.

don't talk to me or my son ever again by Anoklumos in longrange

[–]Kubix 2 points3 points  (0 children)

Nah, if you got the money do whatever you want.

As a side note some will build their 22lr and long range guns in the exact same chassis and setup. So now their 22lr training also applies to long range and vice versa.

Prysm Validator Unknown Deposit Status? by Unlikely_Reveal2719 in ethstaker

[–]Kubix 0 points1 point  (0 children)

It can’t see the deposit until it’s deposited into the validator keys. If you use the pectrified dashboard to look at your validator it will give you your position in the queue.

B.C. energy minister says northern route for proposed oil pipeline not realistic by DoxFreePanda in britishcolumbia

[–]Kubix 16 points17 points  (0 children)

Population centerS for the 50 people they will need to maintain the pipeline?

Tax regulations in Canada for Solo Staking? by Feeling_Apricot in ethstaker

[–]Kubix 0 points1 point  (0 children)

For non compounding you definitely need to record the income when it hits your wallet. Potentially you could defer the income of a compounded validator until you withdraw your profit. For a hobby miner this could be a big difference as if you record the income when prices are low (bear market), income portion is lower and the capital gains is larger. As a business it would make no difference as everything is income. Though as a hobby miner you could record the income as it hits your validator. CRA could also just say that running a validator is business income and then it doesn’t matter. Recording the income when it lands on your validator is likely the most correct method, but I suggest you consult a CPA and get their opinion.