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Bitcoin mining in India: A. It will also tell you of the bank in verifying though the concept applies to mining other cryptocurrencies as well.
Continue Reading. Considering the current value of Bitcoin, many miners in countries where electricity is cheap are able to yield profits as opposed to places where hardware and electricity costs are more. Fact Check. The reward earned on crypto mining will be taxed 30 percent on the total gains. Cryptocurrency mining is legal in several countries around the world, including the likes of Canada, El Salvador, and the US.
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