https://www.gov.uk/hmrc-internal-man...al/crypto21150
https://www.gov.uk/hmrc-internal-man...al/crypto22150
you can offset the electricity and equipment for mining against the income tax but not against any capital gains tax.
what you're describing you'll need to look up the rules on same day trades and bed and breakfast trades . And seems as dodgy as hell .......be careful you aren't the sucker left holding a pile of crap and noone is buying anymore and the price has collapsed to nothing .
kind of like the safemoon price collapse
you can do a similar thing trading ADA at much lower risk trading the 1.28 - 1.36 range and taking 6% a time
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