Accounting: Pillar vs. Delegation Income Classification?

Hi alienz,

Our accountants are generating our financial reports, and they’re asking under which transaction type pillar vs. delegation rewards should be classified. Their transaction type options are:

  • Mining: used for revenues from the private mining of coins.
  • Mining (commercial): used for revenues from the commercial mining of coins (incl. mining machines).
  • Staking: used for coins received through staking.
  • Masternode: used for coins received through masternodes.
  • Minting: used for coins received through minting.

Pillars = masternodes, however would you classify delegation = staking?

I think delegation = staking

1 Like

I agree with the statement delegation = staking.

1 Like

Jep, Delegation would be classified as Staking. Though even staking could be classified as staking- we all know QSR gon be scarce asf xD

1 Like

I declared it as staking

1 Like

Thank you alienz

2 Likes