12 rows · 2 days ago · Height Age Transactions Total Sent Total Fees Block Size (in bytes) . Nov 13, · Tx Hash means Transaction Hash and is also known as Transaction ID (TxID). It consist of alphanumeric characters and is basically an identification number given for a Bitcoin transaction. Each and every single transaction that is conducted on the Bitcoin blockchain has this unique identifier. A TXID (Transaction ID) is basically an identification number for a bitcoin transaction.
Bitcoin tx idFinding a digital currency transaction ID (TXID) – CoinJar Support AU
For example:. You use a TXID when you want to use an existing output as an input in a new transaction. Because after all, a TXID is a unique identifier 1 for a transaction. Hash functions like SHA are great for creating identification numbers, because they will take in any string of data and always spit out a short yet unique result. These coinbase transactions used the same address when claiming the block reward from two different blocks. This meant that their transaction data was the same, and so the TXIDs were the same also.
Here are the transactions and the blocks they were included in:. Later, BIP 34 required coinbase transactions to include the height of the block the were mining in to their transaction data, so that coinbase transactions could be different. Thanks to DJBunnies for pointing this out to me. I'll let you know about cool website updates , or if something seriously interesting happens in bitcoin.
That information may not be easily available. But both conditions have to be met, and many people may not be using bitcoin times in a year. Whether you cross these thresholds or not, however, you still owe tax on any gains.
Here's a primer on tax evasion vs. However, the new tax rules do away with the deduction for personal theft losses. Before the tax law changes , bitcoin owners wanted to know whether they could engage in like-kind transactions with other cryptocurrencies. Now the new tax reform has limited like-kind exchanges to real property, not personal goods. Bitcoin taxes can be a bummer, but at least you can deduct capital losses on bitcoin, just as you would for losses on stocks or bonds. These losses can offset other capital gains on sales.
If you have losses on bitcoin or any other cryptocurrency, make sure you declare them on your tax return and see if you can reduce your tax liability. Bitcoin and other cryptocurrencies are property. Record-keeping is key. If your bitcoin is stolen, tough. There is a bit of relief for bitcoin taxes.