How to use it
- Use the formula below with your own figures.
The formula
Income = coins mined × value when received, less costs.
Worked example
Value at receipt is often the taxable amount.
Frequently asked questions
Are costs deductible?
Sometimes, depending on local rules.
Income or business?
Scale can change the treatment.
Tips
- Keep records of every buy, sell and swap.
- Value rewards at the price when received.
- Rules differ by country and change — confirm locally.
Key terms
- Cost basis
- What you paid, including fees.
- Capital gain
- Proceeds minus cost basis.
- Staking
- Earning rewards for securing a network.