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Can someone help explain what my “cost basis” for mined crypto would be.

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So obviously I can do the bath on what I spent to acquire the BTC and all but that would be more for profitability. My question is that I will likely be depositing my mined crypto into my Robinhood (just to consolidate my assets’ locations.

How will Robinhood treat this? Will “my cost basis” in the app reflect the price of bitcoin the second I send it. Will they enter it as a 0 cost basis since I didn’t even buy it. Idk any help is appreciated

submitted by /u/usamilitarylover
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