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Exposing The Myth Of Decentralization In The Crypto Industry
The CEA proposal argues that crypto miners do not pay the �true� cost of the electricity consumed in operations, and that using renewable energy. If you hold it for one year or less and realize a gain, you'll pay ordinary income taxes, which are taxed at higher rates than capital gains. As the exchange platform Swyftx notes, if you operate a cryptocurrency trading or mining business, and regularly buy and sell for short-term gains the ATO may.