GoMining Taxes Australia 2026: ATO Rules for Cloud Mining

Published: January 15, 2026 Author: Mining Compass Team

GoMiningBitcoin MiningGuide

The 3 Taxable Events in GoMining

The ATO doesn’t care that you’re “mining.” They care about three specific moments:

Event 1: Daily BTC Income (Income Tax)

Every BTC payout that lands in your GoMining wallet is ordinary income at the AUD value on the day it lands.

Example:

• Monday: GoMining pays you 800 sats (0.00000800 BTC)
• BTC price that day: A$95,000 per BTC
• Taxable income: A$0.76 (0.000008 × 95,000)

Do that 365 times a year at A$0.76 average → A$277 annual taxable income from mining.

This stacks with your salary. If you’re on a $80k salary (32.5% bracket), every mining dollar adds 32.5c of tax.

Event 2: Selling BTC (Capital Gains Tax)

When you later sell BTC (withdraw → convert → AUD or spend), that’s a CGT event.

• Cost base: The AUD value when you received the BTC (from Event 1)
• Proceeds: What you sell it for
• Taxable gain: Proceeds − Cost Base
• Apply 50% CGT discount if held > 12 months

Example:

• Received 0.01 BTC at A$95,000 → cost base A$950
• Sold 14 months later at A$115,000 per BTC → proceeds A$1,150
• Gain: $200 → with 50% discount → $100 taxable

Event 3: Selling Your Miner (CGT or Revenue Treatment)

Selling a digital miner on the secondary marketplace is the most ambiguous:

• If treated as a capital asset: CGT on gains (after 12 months, 50% discount)
• If treated as trading stock (if you mine actively): Revenue gains (no 50% discount)

The ATO hasn’t issued specific guidance on NFT/digital miner shares. Conservative approach: treat as capital asset unless you’re clearly operating a mining business.