Post
Topic
Board Legal
Re: Bitcoin Is Property Not Currency
by
Peter R
on 25/03/2014, 22:36:18 UTC
All I'm thankful for is I didn't preorder those 1TH+ miners... with the difficulty this high and now daily mining being taxable as ordinary income (and not when btc are sold/exchanged) and with cost of hardware and power, there's no ROI left. IRS has essentially gifted mining to the Chinese.

The only way you'd owe taxes is if you were making income by mining (by definition!).