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Are Miner Rewards Considered Income for Tax Purposes?

Yes, both block rewards and transaction fees are typically considered taxable income at their fair market value upon receipt in most jurisdictions.
Greeks.Live07.11.25

Are Miner Rewards Considered Income for Tax Purposes?

Yes, in most jurisdictions, the cryptocurrency received by a miner as a block reward (newly minted coins) is considered taxable income at the fair market value of the coin on the day it is received. Transaction fees earned are also typically considered income.

The miner's cost basis for the coin is generally set at this fair market value.

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