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Oct 30, 2017 As a result the value of some cryptocurrencies has risen beyond belief, and you are by no means unique in having become a bitcoin millionaire. However If someone is mining bitcoins then HMRC regards this as a trade and will charge any profits to income tax and national insurance. Income and 

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Getting your hands on even a single Bitcoin can take a bit of work, but you have a few options. Purchasing Bitcoin takes less effort than mining it, but obviously comes at the cost of your hard-earned cash. Mining, on the other hand, takes computer processing power and often bears very little fruit. First, let's talk about how you