GPU miner's situation in India 30% taxation

GPU mining become a hot trend on last year due to its high profits on mining ethereum. This situation created huge demand fir the GPU and increased the price of graphics card unit more than expected. But now the profit ratio is getting low and stabilized.

Here you can see the graph which represents the profit of mining during 2021 January. At that time I started my mining journey. I investment small amount in buying 1660 super card for 35k luckily. After that same graphics card value increased to 58k maximum. And now i am holding 10 GPU producing 470 MH/s. But at the Jan 2021 i had only 110MH/s and I got nearly 14$ per day as profit revenue. But now i have 470MH/s and getting only 20$ as block rewards has reduced. 😭

We have no idea about taxation as we just started our corporate career and i heared that 30% tax on crypto profit. I have no idea on how we gonna reedem our mining payment. By the post of Bala i got idea that to use DEX where the exchanges maintain high privacy can help us to untrackable fund inside crypto. Let see what will happen.

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