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Building a $50,000 Crypto Mining Rig
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It may not be the best choice for beginner miners. This guide breaks down everything you need to know about cryptocurrency taxes, from the high level tax implications to the actual crypto tax forms you need to fill out. Our Editorial Standards:. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Initially, the creators of bitcoin expected users to mine crypto with their CPUs.