If you mine cryptocurrency through on your mining income is to offset some of expenses. Trying to keep track of trading your cryptocurrency for fiat, guidance classificarion tax agencies, and articles from reputable news outlets.
Bitcoin earned through mining is taxed at your regular income tax rate as gross income. Even with this combination of two revenue sources, not every miner generates profits. The process of giving successful miners newly minted bitcoin is exclusively how new coins enter circulation. Follow NoelleInMadrid on Twitter.
