Mined coins which has 0 value at time of mining

Tax Questions
#1

Hi, I took part in a pre-farming event for a cryptocurrency where I earnt crypto. However, this coin did not have any value at all during this period as it was not listed on any exchanges. From what I have read, mined coins are taxed as income based from the value at time of mining. Does this mean that I don’t pay any taxes on the coins? A bit confused!!! Any help would be greatly appreciated.

Thanks,
Jonathan

#2

I suppose that if the coins had a value of zero at the time, and they are still worth zero, then you can present that as evidence that you received an income with value zero.
If the coins are worth something above zero now, that could be different

#3

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