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Cryptocurrency Mining Tax Guide - Expert ExplainsCryptocurrency mining rewards are taxed as income upon receipt. US-based crypto miners can anticipate paying crypto mining tax on both. Self-employment taxes don't kick in until you receive more than $ in a tax year, and are 15% of the value of the coins mined. IRS Building Taxes Image via. Mining Pool Fees: Most of our clients who mine crypto do so through a mining pool. The associated fees can be tax deductible. Electricity.