Wouldn't it only matter when you go to sell?
Discussion
No, it’s considered income. You might be able to get some deductions since you own a capital asset (miners) that depreciate, but idk all the details around that for home mining
No. It’s income at the time it’s mined.
I’m not an accountant but if I don’t sell it how it can be income. Manhattan’s Real estate moguls have been doing this forever. They never sell their properties and just keep borrowing against them. They don’ pay taxes on this dollars because is a liability on their balance sheet. They use this dollars to generate the cash flow to pay interest. Rinse and repeat not illegal at all. Is it different with commodities such as Bitcoin or gold?