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30% Crypto Mining Tax - 243Cryptocurrency mining rewards are taxed as income upon receipt. US-based crypto miners can anticipate paying crypto mining tax on both. The IRS views Bitcoin mining or cryptocurrency mining as a taxable activity. Each time you receive a mining reward, you have taxable income to. Ordinary Income. Mining rewards are taxed as Ordinary Income based on the market value of the coins on the date of receipt. The tax rate charged on the said.