Bitcoin Forum

Will that be an end of bitcoin? If all mining operations becomes illegal all over the world. Why authorities are against bitcoin mining?

Lets discuss

I have never really thought about that once. But apparently if mining stops, how will transactions be confirmed? Well, it is good the possibility of something like that happening is zero.

Hello! I have always thought and shares my opinion that one of the risk of Bitcoin is it is being banned by the government of a specific country. But with this idea, given that it is actually possible, then it will just be a big lost to ever Bitcoin holder. But I don't think that this will happen just in one click. If this will happen, it will happen country by country and nation by nation. With that, my suggestion and what most probably people will do is will sell their Bitcoins if we are already seeing that it is starting to be banned in other countries.

Sounds from Bitcoin Mining hardware is probably the only way Government would know you own them. Creative people will be forced to come up with noiseless or low noise ones.

the sound not good , if Bitcoin becomes illegal , there's will so much people become poor again , lol

At this moment i cant see any reason for make bitcoin illegal
I know that in some countries is prohibited, but the prohibitions is possible outmatch
So i think that bitcoin cant become illegal world wide

Statistically speaking, anything once it becomes illegal, it becomes extremely desirable by people.
Even if you have not planned for any mining in such a case you will plan and make a strategy in order to achieve your goal because simply it's not legal anymore.
Usually people prefer illegal things because they have a special taste.

well, there will be no problem at all. If bitcoin becomes illegal, its price will be even higher than ever. As you can see, drug, weed, cocaine are expensive. But in some countries that accept weed such as canada or Jamaica, the price of weed are cheap ;) Bitcoin will still be used in the dark web ;)

There's no problem if mining become illegal. Maybe large mining farms will have to close because thay can't hide their mining farm, the difficulty will go down and we will back to the early days of bitcoin where people can solo mining.

The government can make bitcoin mining or bitcoin in general illegal, but they can't ban bitcoin. They will need to straight out ban the whole internet for that. So what happens when the government makes mining illegal? We're most likely gonna get a price crash and a bit lesser hashpower due to the FUD and panic that will affect the more less-informed bitcoin crowd, thinking that bitcoin is dead and all that jazz. But I'm very sure it wouldn't kill bitcoin.

It will just show how scared the government are of bitcoin or cryptocurrencies in general.

That's much hypothetical,which authorities are against bitcoin mining ? Until we have a communist government,they can't just ask people to stop mining as it doesn't break any law resulting in damage to the society.Electricity consumption could be a valid point but don't the miners pay for it ? There is no point in drawing the consequences when the probability of that event happening is zero.

Bitcoin isn't legal that doesn't mean it's illegal either.Government just doesn't have strict laws governing the bitcoin as for now.

Cant be helped since even those people would create their miner noiseless government would really find a way to trace down possible mining farms or operations. They would just simply see on electricity consumption knowing that miners a energy hungry and expect consume would be more for a typical electricity consumer.We cant still escape if it would be banned then possibility of bitcoin to die is there.

First of all, its not possible for the government to find out who all are mining bitcoins. It will be easy, if they are mining as a farm . If government bans all the mining farms, then they will start mining in home or basement of their home. If government finds who all are mining bitcoin by checking the electricity consumption, people will start mining using solar. In short its not possible for governments to ban mining bitcoins.

If few people are mining I guess the Mining Difficulty will decrease , we will all move back to mining on our computers, GPU & low noise equipments.
 Bro Banning will NEVER work,Satoshi is a Genius.

What if bitcoin mining becomes illegal world wide is the same as what if bitcoin is banned or proclaimed illegal world wide, by each and every country. I don't see that happening, not possible. There are rumors that North Korean government is mining bitcoin. The Russian government had recently announced a state backed mining operation. So it's more like why authorities are favoring bitcoin mining, as a reserve.

The price for Bitcoin would increase

hahaha... Your right! If bitcoin mining will become illegal I think there is still hunters who are going to do it in a very mysterious way haha.
It is hard to government to replaced bitcoin because there are the tendency that people become worst on doing it, they can never warned people on not doing it because some are making this as there jobs and hobbies everyday.
I think bitcoin will never become illegal worldwide become some countries are starting to accept bitcoin. Some online store accept it too. So, it is hard to make this illegal.

I don't think that governments have the possibility to ban bitcoin or disallow people to mining, because bitcoin is decentralized and only you need the Internet connection to deal with it. Even in countries actuallu illegalizing bitcoin there is still people which deal with Bitcoin.

if bitcoin mining illegal and bitcoin illegal i think we dont discuss anything in this forum anymore, maybe government will block this forum because bitcoin is illegal, but if bitcoin becomes illegal / bitcoin mining become illegal i think the price of bitcoin will decrease till 50%++

Bitcoins are not legal worldwide, it's legal in some countries. Although it has become popular, it is not managed in most countries. Therefore, it is still a big challenge for the development of bitcoin.

There isn't anything that is illegal worldwide, nothing.

Which authorities are against bitcoin mining and where?

Bitcoin is here to stay, enjoy your new riches and stop bitching you are being oppressed.

A big if. And if it is, that would be Bitcoin's demise but I am very optimistic that it will not happen and also governments needed to upgrade their ability to catch bad guys since we are on modern age and to ban Bitcoin is not the best option. I had read an article about a dark web website being shut down and those who are using Bitcoin as a means for those people to make them anonymous failed. The line I like is that by using Bitcoin, it doesn't mean that you are untraceable since justice's hands will really find its way. Stricter KYC and effective regulations is the key.

There is no possibility that Bitcoin mining becomes illegal worldwide. Governments can't stop people from mining bitcoin and trading it. Also there is actually some countries (Germany, Japan..) legalized Bitcoin already.

If bitcoin mining becomes illegal, what I doubt, this forum might disappear, no bitcoin's would  get transacted, bitcoin might lose it's value because you won't be able to use them. But I hope this doesn't happen, because bitcoin looks really valuable and helpful for us.

I do not think it will happen, the whole world uniting to stop bitcoin mining by making it illegal, they can't even stop fighting each other. But let's say it happens, it is really the end of bitcoin. Without miners, bitcoin will be stagnant, no tx will be confirmed.

I don't see this coming. I think bitcoin will not be banned or illegal worldwide as long as the government would gain profit from it. The reason why bitcoin is not recognized yet worldwide because there is no support coming from the government but once the government would know and endorse this I really think that bitcoin will skyrocket.

I could imagine a ban due to money laundering concerns or just because POW is a huge waste of energy. But there will always be alternatives: alternative coin, modes of transmission and different proofs out there. Even if bitcoin mining is banned, there is no way to stop all crypto activity.

I never thought about banning mining. But i think single miners will have their chance again.
No one can ban solo mining. And i think bitcoin price will increase and they will be more websites on the dark web.

There will be secret mining pools and new mining hardwares.

Will if that happens a lot of people will lost their jobs including us. There will be no more talking here in the forum and people will search for new opportunities online.

You do have a point this is why we would really able to say that this thing would really be impossible. No matter what way we would go we would still able to engage on mining no matter what if we do really like to.
This might be the reason why government didn't still able to make such action on banning them since it would really be hard to imposed such thing.

I do not think that bitcoin will be banned all over the world, because it is a very convenient currency that improves the lives of many people. Those countries that prohibit simply do not yet understand all the advantages of crypto currency.

If it becomes illegal to mine, then that would be when bitcoin would witness tremendous rise in the price of bitcoin, since there would be only few miners to confirm transactions, there would be many transactions to be confirmed by few people and then mining would become profitable.

"What ifs"

Ok, it would mean a price crash to sub $500 and loss of mining hash coupled with long confirmations since no one wants to go to jail. However in some parts of the world, there will still be miners, it would not be large mining farms, but simple home rigs cuz that wouldn't be obvious to authorities.

It would be illegal that means  less people would mine, operative word here is "LESS" which means demand will outweigh supply and the reward for mining will become outrageously high.

It is not sustainable, law enforcement searching for humming noises, or high electric bills for PoW, PoS will leave less of a trail. It would literally become an underground market with people using basements to mine. The irony mining underground. 

Of course the bitcoins industry is weakening. And the bad thing is that bitcoins will fall and lose. And this is possible because many of them really affect them. And of course they make way for the bitcoins to manipulate. We see china today that the exchanger operatives have been shut down and even ICOs have not survived their scourge. So watch out for the next

This will result in the collapse of bitcoins, and it may be that people who are involved here will be rid of it. We know that it's not impossible especially now that china shows their strength to stop them. We do not know what's going to happen but it might well have been the trend of bitcoins so that it will continue with the rise in price

As far as i can see,the government can't go every home to find who is mining bitcoins.
Supposedly if we assume government can apply any alternate method to ban mining,the value of bitcoin would decrease and no one shall demand it more as we do today.

Bitcoin mining keeps the stock of bitcoin infinite. As long as there is stock there will be no limit of bitcoin. If the mining will be stated as illegal by government stocks will be limited, prices will increase as long as people are purchasing it. It will be the highest priced we will ever see in the markets if that would happen but I think it will be harder to earn bitcoins alongside with it.

Why suddenly all this topics about bitcoin being illegal? Because of China? To my opinion this is exaggareted. Bitcoin and he mining are not regulated in many countries but that doesn't mean they are illegal or that will become illegal. Governments will not decide to go that strict against the bitcoin. Time is working for bitcoin and with time the situation will be better, not worse.

the government may have a reason why bitcoin becomes illegal because it could be detrimental to the state.

I dont think mining will be mande illegal in countries like the UK and the USA. However, more regulation in excahnges and in ICOs will be inevitable. We shall see and have to keep our fingers crossed!

I think not all countries are against bitciin. there are only a few countries that actually oppose the existence of bitcoin, they reasoned the insecure bitcoin for use in their country by laundering illegal drugs or other activities is the reason they oppose and deny the presence of bitcoin in the country. but they do not see the positive side of bitcoin. can move the economy of a country.

I think the only option to get bitcoin then would be earning it from a contest like a gaming tournament or a marathon and the first price would be 1 or 2 bitcoins and the second option would be that

you can buy them from people who already have them.

This is a nice question, if bitcoin mining becomes illegal in yhe world today, who would illegalize it? What sanctions are they preparing to impose on chine, russia, japan and all others that are mining today? The only thing i see here, is that there will be deficit or lack of supply of bitcoins, and since that mining is the only thing that is illegal and bitcoin itself is not, the value of bitcoin will again shoot up, just by having a fraction of bitcoin could easily give you a fottune then. Hopefully this will not happen, bitcoi. Can still give us morr brnefits in the future, we all kniw that though bitcoin is volatile, in tends to go sideways at some point, giving us an average on hiw much bitcoin is being valued after it rallied from time to time.

Well, in case all the governments in this world can be united in just one issue and that is making Bitcoin mining as illegal then it can get hard for Bitcoin since we need miners to confirm all the transactions made with Bitcoin. But would that really be possible? Can they really unite just for that issue? I think that is a very silly question.

Of course, that would be clearly impossible. However, in case something will really happen sort of a miracle that governments can get united then we can find other ways to do Bitcoin mining...and am sure there can really be good alternatives.

I guess it is really about time that we took some rest about this issue because this is not really deepening the discourse and this is already becoming like a childish topic.

I don't really understand why this would happen. There is no real reason why all governments would go against mining. Even if it does happens, in theory, Bitcoin will essentially end. This is because mining actually validates every block and every transaction in the blockchain. If it stops, essentially BTC transactions would end up in a stagnant state, essentially stopping BTC to a standstill.

If mining becomes illegal, hmm will probably find another way , PoW is not the only choice. No all cryptocurrencies need mining, Ripple does not need for ex.. In case we have such problem a solution will come up 100%

Since, the question says illegal and not impossible, so I would assume in this hypothetical scenario that it's still happening but illegally. In that case, I guess the community will increase transaction cost to cover for mining cost and it will no longer be cheaper to transact. The price will go down since less people will be willing to transact in it.

if it does happen then it will make market share bitcoin and altcoin become chaotic and people will experience panic because then bitcoin may be forbidden to use. but if you look at the current state I'm not sure this can happen, because bitcoin has such great power and begins to be part of the world's financial system. if bitcoin can be received freely then doing mining is also allowed / legal.

I guess if that happened, it would be the end of bitcoin. Of course that it's also illegal to download movies, games, etc, if you don't have a license for them, and many other "internet activities", and that doesn't really stop people from doing it. The problem is, that if mining becomes illegal, then it wont attract investors, and it would probably be impossible to exchange them for fiat, so I don't see why anyone would keep or mine them.

I understand that governments don't really like them, because trey represent a decentralized and anonymous way of storing value, so it's hard form them to force people to pay taxes, and as it gets more popular, you will continue to see people changing fiat for BTC, and governments and banks will lose power.

Anyway, I don't really see why mining would become illegal. I think if it gets well regulated, it will find its way to be good enough for governments to tolerate them. Also there is already to much money invested in BTC, that don't come from the common user, and normally those guys have a big influence on government decision, so I don't think that BTC will ever become illegal.

If mining becomes illegal? On what basis? I don't think that will ever happen, but if i'm wrong, it would be the end for Bitcoin.

I don't think that all countries of the world would declare bitcoin mining illegal at the same time.We could see that china has banned bitcoin exchanges now.But at the same time,we could see that other south asian countries like japan has legalized bitcoin and south korea,vietnam are soon to legalize bitcoin.So,even if one country bans bitcoin mining,bitcoin mining would be continuously done in mining farms located in other parts of the world.So,there would be no difficulty in confirming transactions and it would not be an issue at all.

If that happens the price of bitcoin will be very high due to the law of supply and demand in my opinion.
but making it illegal may result in people losing interest in it thus lowering the price. It really depends on what is the reaction of the people if mining becomes illegal.

There will be no problem in the demand of the bitcoins, there will be massive correction and price will be down for some time. But bitcoins have their own users, who wants to use decentralized currency and they will continue to do so. People will continue to hold and invest into the bitcoins via dark web.

That's extremely unlikely however if it were to happen and bitcoin mining was impossible then bitcoin could just switch to another protocol.

It think that not much would happen at first. The price would fall, yes. But just because something is declared to be illegal, it does not mean people don't do it anymore.
Miners have their mining hardware, that hardware can't be used for anything else.
They would keep on mining until somebody pulls the plug that provides them with electricity.
Then bitcoin would have the real problem because no new blogs would be mined, no transactions could be made.
That would be kind of the end then.

Of course that is never going to happen!!

Just create new nation and accept bitcoin mining. ez. nothing can ban on worldwide even heroin

I don't think authorities are against bitcoin mining and the illegality of it will be baseless. They are just the ones who process the transactions. And if mining will be illegalized, btc transactions can still be created. Actually, it's not the legality we should be worrying about since it will unlikely happen drastically. The question should be what will happen when mining became unprofitable anymore and miners lose their interest in it.

I also think that how it is possible that a currency be blocked and illegal throughout the world. And who should do it. It will need a strong reason to illegalize bitcoin worldwide, because I don’t think that there is any problem with bitcoin besides people are warm welcoming bitcoin and are widely invested in it. And if it is done so that it will become illegal then may the people will never trust any crypto currency.

Making bitcoin illegal is just going to make the prices rise in little time, since there is little or no miner left
to confirm transactions on the network, then the miners left can hype their transaction fees to make much.

It is impossible to ban such expensive coin which gives new way to trade and the whole world will know about the importance of bitcoin so there would be no chance of ban BTC. It has more advantages in investing in any of other business so without doubt we should invest in the bitcoin and enjoy the benefit and profits of this long lasting business.

Honestly fellows, this is impossible to make bitcoins illegal worldwide. Some countries will oppose the idea; other will be in its favor. Moreover, bitcoins are not hurting anyone. It has rather saved lives of many by giving them financial support. Bitcoiners are growing in number gradually so bitcoin is unstoppable now.

Can governments actually ban Bitcoin? Well, if the government banned bitcoin, which I find extremely unlikely, they wouldn't do so by banning bitcoin. They would pass a law banning anything that had the properties of bitcoin. For instance, any peer to peer system of value transfer.

I hope it will never happen, because later on the impact will be very harmful and not beneficial for bitcoin.

Don't think mining could be made illegal, I think only fiat exchange part could be made illegal, or using it as a currency trade for goods or services...

how about mining cryptocurrencies? is it illegal too? if its illegal i think bitcoin price will increase like rocket to the moon, because no more supplies in public that can fill the market demand, if cryptocurrencies mining allow i think its better, and some other  cryptocurrencies price will increase because many people will change from bitcoin mining into cryptocurrencies mining

at this time I have never heard of the government banning bitcoin mining, but if it happens maybe the government will apply the rules and will receive income tax from miners.

Nobody will care, of course everyone will continue mining bitcoin regardless of legal or illegal, this is because they feel getting profit with bitcoin mining.

Easy. Mining datacenters will have to shut down and sell their BTC. This will drive the price down. With the time the mining difficulty will decrease and people will be again able to min BTC on their laptops. You can see that banning mining is impossible. It will hurt the price though....

I dont know for sure what caused the ban. but I do not think that will happen to the whole country. because some countries are not a problem with bitcoin. and each country has different laws on bitcoin.

You are absolutely right. I can hardly find any reason that can make mining an illegal activity anywhere in the world. I think this is not possible at all. Mining is something with which lives of the most of us is attached with. This will never be in the favor of those who earn using this technique if this happens.

That may be a nightmare for btc users. If that really happened then maybe that would be the end of btc. And in the present circumstances it is worrying us, but there is still the belief that it will not happen. There are also some countries that claim to accept btc, along with bar acceptance. math btc by large companies in the world in many fields.

Bitcoin Mining Hardware is probably the only way Government will know you own them anything once it becomes illegal, it becomes extremely desirable of the people. Strategy to achieve your goal because it simply is not legal anymore. They will simply see on the power consumption knowing that energy miners hungry and desire to consume more will be for a typical electrical consumer. So, I'm sure the bitcoin network will still be alive, but the hashrate and difficulty will decrease dramatically.

I think if bitcoin become legal to all country i think the value of bitcoin is going increas so much high becuase of the popularity and many investor invest in biitcoin so i hope bitcoin become legal in all country. :)

Why you feel it is nightmare for btc users. There are many official press releases from many countries and corporates started investing on bitcoin based projects. First country which made bitcoin legal in their country, Japan also invested on mining projects worth of millions of US dollars to it. Till these adoption take part on bitcoin till that mining will never die. If bitcoin is not in use also some other alts will take that role.

First, even the Chinese have made transactions between cash and coins subject of regulation and have concluded that a ban it's the easier way. They never spoke of a mining ban or possession ban.

And even if mining would somehow become illegal the network only needs one miner to run.
If the remaining miners will raise the transactions people will switch to another form of crypto.
Just like people have run from expensive wires to mg and wu and now are coming back because of sepa.

you're not sure if that's going to happen, our community is strong, let alone all tech lovers have been much involved in Bitcoin, if to illegal Bitcoin, then ready to be ready the anonymous will act ..

You'd see the end of massive farms but there's plenty of other alternatives.  I know an IT admin who was secretly using his company's servers to mine Bitcoin.  botnets can be effective when deployed at scale.  You are only really limited by your creativity.

Wouldn't be that hard to shift to proof of stake.  Ethereum will probably be there long before anything approaching the majority of the worlds countries could get their shit together enough to do something about mining.  Then they're really powerless. 

If bitcoin mining becomes illegal worldwide, then it would be a nightmare for miners. They would have to find alternatives to btc to mine, but not sure the alternative would be profitable as bitcoin. The nightmare would be equal for bitcoin owners, creating panic sell orders on exchanges.

If bitcoin mining will become illegal world wide then it is all game over for bitcoin because there is no miners that will mine bitcoin and support the network and that is the time where bitcoin will not be useful anymore because the life of bitcoin is depending on the network called blockchain so if there is no miners will strengthen the network then all of the things that we worked for bitcoin will be pop out like a bubble.

if mining becomes illegal in one country, people will just use enctryped systems to hide their activies. I seriously doubt that a ton of countries would ban bitcoin mining.

if they banned bitcoin mining why not ban people from using bots in video games who bot for earning gold and items. they sell those items and gold for real money or trade it for goods and services.

same thing(although not secure and not public and not enctryped hehe0

thats wise move decision but don't panic all problems facing of bitcoin right now i believe bitcoin escape and resolve of all trials, i think the purpose of china banned the bitcoin because china want to handle the control of bitcoin.

This will never happen. I do want to live in a world like that anyway. It would start a war. You taking people's freedom away. I hope there is none here who this is something like this will happen because it won't to rest easy.

The governments of the world k ow what happens when you take freedom from people. They become desperate. Think of all the times things were banned throughout time. Also Bitcoin would be so scarce we night end up being rich in the underground world that the governments of the world would have created by banning bitcoin mining.

If bitcoin mining, mining in the general becomes ilegal we will see big pools closing doors, and one funny thing, some of them will try to run their miners into a different place, paying some money to remain invisible, if not happen such, well pretty sure home miners will assume those since they cant trace each one of us, soo mining would be decentralized and maybe better to all.

immediately sell 80% bitcoin you have before in your country bitcoin is completely banned completely. Why I only recommend 80% sold, because that 20% is to keep watch.

Even if one-day mining bitcoin were illegal, it would be almost impossible to detect at home.  I don't think they can identify anyone unless they have several mining rigs and wasting 10x the electricity than all other homes in the neighborhood.

If we talk about legalization of bitcoin and its mining worldwide then one thing that I am sure about is its volatility will decrease definitely. Its usage will also increase and the price will be higher but if the mining becomes illegal around the whole world, bitcoin will be of no use. We need transaction verification any way.

no need to fear, excessive worries will cause a bad effect for yourself. if all that must happen, it will not be prevented no matter how you try. and if none of that ever happens, then never exist. so in my opinion it will never happen. because every country is always different point of view.

Honestly, have you seen anything banned worldwide? For instance opium is banned in most countries, but in Afghanistan it's still being planted and smoked. Alcohol used to be banned in the USA, but the rest of the world didn't care. In the 50s people were being sentenced for up to 10 years in prison for cannabis in the USA, while the rest of the world didn't care. In many countries there were completely no anti cannabis laws for another 30 years!
If you believe world leaders are going to unanimously agree to ban cryptos, mining or whatever you don't know much about the world.

I don't think it will happen in the 1st place but let's think if it does then there will be mining farms in the underground and connection will be secured with VPNs.
no doubt there will not be many of these so it will slow down the confirmation speed and the tx fee will increase.

I think when Bitcoin mining becomes illegal worldwide, I think miners will continue mining in the dark Because if mining will stop Bitcoin will die automatically, so it will be a big problem for peoples who own Bitcoin which it will useless then.

Okay, what if I decide to make Bitcoin legal in my family after it has been made illegal? Lol; we just share it among ourselves. By the way, I don’t it’s possible for all countries to ban Bitcoin cause from what I’m seeing, lots and lots of them are getting interested. No need to mention them.

If that happens it would be a big problem in many people that the only source of their income is bitcoin, why? Because im sure that they are not only based on the bitcointalk forums, campaigns, and bounties and also they get their money from mining so that will be a chaos.

If the bitcoin becomes illegal worldwide the value of the will extremely go down. But I think it will not happen because many governmentsin the world are now legalizing the bitcoin.

I don't think it can be happened but we can't say anything about it . Government have all rights even in internet. If mining stops it mean transactions will never confirmed, if its not confirmed how will bitcoins work. So i think yeah it will be end of bitcoin. But yet this law has to be passed in every country. otherwise the tx will still be confirmed from those countries where mining is not ban by the government.

I agree with you and it seems that mining will not stop as long as bitcoin still exists, because mining is an important part of bitcoin and it is not possible if the government prohibits mining (for legal bitcoin countries).

The Possibility of this happening is a reality we can never know if it will surely happen in the near future but the possibility is still there and I think it is a major crisis, that bitcoin is started with mining and it will surely end in mining, but yup I think even if there are government that keeps on banning bitcoin there are others that are supporting it and other Cryptocurrency I think because of the benefit they can get in it,

One of the possible problems if this really happens would be how to control and avoid the attack into bitcoin with 51% of the hash, since a lot people would have acess to make this attack without big players around, but i really doubt this will be anytime possible and wont happen at all, we do live into a freedom world and there is nothing countries cant do to stop home miners and say shut up to all of us.

If the bitcoin banned worldwide, i thinks thats the goodbye because its the end of bitcoin, no one can use it if its already banned. But this is impossoble because bitcoin is now part of the technology.

if that is true, then we should be prepared to leave it, because if the state has banned, maybe those still join here will be traced by the police, and they will arrest him, because this is legal action. But that is if the worst possibility occurs. I hope it will never happen. Because we are here we never harmed anyone, be it individual or government.

I can say that bitcoin is little by little become dead if it happens becuase if the bitcoin become popular it is hard to join in some campaign becuase its always full ? So thats why some people hard to find what way to earn bitcoin.

This will make stocks limited and in a short time bitcoin prices will skyrocket without anyone being able to control because everyone does not want to sell bitcoin with low price.

In most cases, bitcoin mining is perfectly legal. In a few countries, however, bitcoin mining, as well as the possession and use of bitcoin is illegal. If you live in North America and most of Western Europe, bitcoin mining, as well as possession, is not only legal, but local regulatory frameworks actually provide certain protections and basic oversight. Sometimes, people falsely believe that bitcoin mining is like counterfeiting money, but this simply isn’t true. You’re not creating fake duplicates of a national currency, but instead creating an entirely new currency. By and large bitcoin mining is a perfectly legal activity. Even in a few countries that do regulate the use of bitcoin, such as Iceland, mining bitcoin is still legal. Many countries, including most African countries, have not passed any legislation for or against bitcoin, and have generally remained silent on the issue. It’s important to keep a close eye on these countries, because the regulatory environment could change at the drop of a hat.

Yeah no one can use bitcoin when it is banned. But what is the reasons to ban it?  I don't see any reasons to ban bitcoin worldwide.bitcoin can help the economy to grow so i think they will not banned bitcoin.

This is only the start of battle and hope it won't get into a matter of losing it all of a sudden.
But being illegal, I don't think so. Because more countries are making bitcoin legal and it could be also into mining of course. Maybe it happens become illegal, only to the country that bitcoin isn't established yet.

First of all, this will never happen. There will always be countries that will not ban bitcoin mining and bitcoin mers can simply relocate to that country. Even if it does happen then people will simply continue mining - no way governments will knock on everyone's door to check whether they are running bitcoin mining equipment or not.

So yeah, there will always be miners even in the worst of circumstances - as long as they've got internet and electricity.

Governments are anti-bitcoin mainly because they see it as a threat to them, as it is decentralized. But i don't think they'll go as far as banning all btc mining or at least yet.

if bitcoin becomes illegal world wide, i think there is a chance for people to still using bitcoin, maybe they will use in deepweb because in that place, everything is legal (i guess). but for the other, they will not using bitcoin and perhaps they will save their bitcoin only without doing anything and waiting until it gets legal.

Ya if Bitcoin becomes illegal world wide .So that's a time to invest in Bitcoin becomes more the  people in  the bitcoin . And the value of the bitcoin is increased in that time so maybe they will use in deepweb because in that place, everything is legal if bitcoin mining becomes illegal world wide .Hence all the Miners will loss his invested money some how.

If bitcoin mining becomes illegal then there is no chance for bitcoin to be alive even for the darkweb or deepweb because the mining is the only source of life of bitcoin so if there is no mining then there will be foundation for the life of bitcoin and it will eventually die and that is the worst thing that can happen in bitcoin and i hope it will not happen.

Then miners would mine illegally. It's not something they will stop doing, when they have so much money invested in it and specialization acquired over so many years.
Also remember, people do much riskier things when there is money to be made.

I have not had such a tought of such since I started with crypto currencies. Looking at that, people who earns very much high from mining will do all they can to make it legal, by highering a lawyer to stand for it's legal use in the country. And if the use of bitcoin holds more people as a democratic government, the people will win. Right??

But let's not wait for such a thing to happen.

it's hard to tell the outcome of it because the government can't  ban bitcoin mining worldwide because there are countries that make bitcoin legal like japan they use it as a payment method now but nothing is impossible it may happen but not now i think.

Bitcoins are not legal worldwide, Governments can't stop people from mining bitcoin and trading it. Also there is actually some countries (Germany, Japan..) legalized Bitcoin already.Will that be an end of bitcoin,I hope it will never happen, because later on the impact will be very harmful and not beneficial for bitcoin..

A lot of things are considered illegal yet many people still support it. If mining is banned or declared illegal, it would still continue albeit in a limited capacity or in the shade. But I can’t see any good reason for any government to label it as illegal, unless of course they charge super high for the transactions and becomes unlawful that the only way to stop it is by illegalizing it.

Banning of bitcoin mining is a different subject than illegalization of bitcoin itself. Mining is the process of verifying all transactions and releasing new bitcoins. If nobody would be doing this job, bitcoins are as good as gone.

However, bitcoins are being accepted more than rejected nowadays, so no worries. There are going to be legalizing around the globe within next five years.

Even if mining is banned all over the world, there must be a few guys who mine secretly in their home. The difficulty of the network should go down because of the ban and people can solo mine again. If there's no people brave enough to mine secretly then bitcoin is dead.

This assumption is absolute fantasy. If the government wanted to do this, it happened much, much earlier, still in its infancy. In addition, to prohibit bitcoin, means to ban the Internet on the entire planet. And hardly all countries of the world will come to such a cardinal unified decision.
And it seems to me that the bikoin after such a significant increase in the price, what is all illegal - drugs, illegal weapons, etc. But still, this is fantastic)

When mining ends then bitcoin will end. Who will process the blocks for confirmation, PC's will have a hard time processing those transactions,

I have always thought and shares my opinion that one of the risk of Bitcoin is it is being banned by the government of a specific country. But with this idea, given that it is actually possible, then it will just be a big lost to ever Bitcoin holder. But I don't think that this will happen just in one click. If this will happen, it will happen country by country and nation by nation. 8)

Bitcoin will never be illegal world wide, its impossible. But if mistakenly it does, well that will be bad for business for us all bitcoin lovers.. Pray it doesn't come to that.

Drugs are illegal world wide, but people produce and use them. If BitCoin mining becomes illegal, people do not stop their mining hardwares. They continue to mine illegally. This situation affects the price of BitCoin, it will drop a bit and BitCoin shifts from world wide money to world wide web money which it was born in world wide web.

I only know that if bitcoin becomes illegal, a lot of people will become poor.

I think people will still be in Bitcoin and work in the dark because there are so many drugs, weeds and cocaine that can be overcome and they are cheaply sold in the market. If Bitcoin becomes illegitimate, many will be unemployed and many will become impoverished because they are unemployed and lose money from bitcoins.

To be honest, mining really wastes a lot of electricity.But this should not be defined as a crime!I think I bought electricity, and I can apply it to any place I want without hurting anyone else.

I don't think that the ban of mining is in the hand of government .  Even if the government of a country tries to ban mining there will still be many ways for the miners to keep mining silently . Mining is never going to stop . It is totally associated with internet . Internet is the key requirement for mining and for banning or declaring mining of bitcoin as illegal the government cannot stop the use of internet .  Moreover this action can give a head start to many more illegal ways to do mining .     

from the first mining is illegal because it does not have official permission, but why is still running, because of course no one is in disadvantage and the government is also difficult to track it.

No, because I have heard that Satoshi has set up a few nodes and machines already which will still maintain the efficacy of Bitcoins, but obviously not at a worldwide level (means when it goes mainstream).


Authorities are against it because it is somehow harming the ecosystem by using a lot of electricity and power to mine Bitcoins. They fear to lose it all over the mining equipment when in some areas of few countries, they are not even able to get electricity for an hour properly.

I thin that is will not happen. And if it is happen there is also dark web in which illegal things occur such as buying illegla weaponry and drugs. And Darkweb users will use it continuously.

This has been illegal from the day of bitcoin into existence. From those day it has been getting circulated as flawless system, and several countries show neutral response for mining and recently in few countries it got banned all because of the illegal usage of power for running the system. Hope in future can expect legalized mining farms around the world.

So, not all miners are mining bitcoins, there are other good cryptocurrencies which can also mine, ethereum for example. If all cryptocurrencies in the whole world were banned completely, then there would be an Internet disaster, but this should not be fated, because everyone makes profit from it.

Actually this is the main reason why the people don't believe in Bitcoin investment yet.
If Bitcoin mining becomes illegal we can't confirm anymore the exchanges so it's the end of Bitcoin I think.

If bicoin mining is legal, I think bitcoin will be exploited thoroughly. Payments and transactions are used by btcoin. And this will affect the economy of the government. Because bitcoin is not taxed .. if all bitcoin payments are made, the government will not receive bitcoin taxes. This has led to illegal bitcoin in some countries. The government will prohibit bitcoin mining and this will affect miners for banned countries.

They would have to eliminate every last node; this would require the global cooperation of all governments, basically it would have to get pretty bad lol. The authorities really arent against the mining aspect of the protocol; in fact they rarely legislate against those folk. the only time miners but heads with officials is when they are stealing power or avoiding taxes ;) notice how China cracked down hard on exchanges, but didnt really address the mining situation, especially given they are the majority of the network.

if they want to talk about consumer safety, lets talk about all those janky ass asic farms that used to catch on fire every other week.

I highly doubt that Bitcoin mining will be illegal in every country. In my opinion there will be at least country that will keep Bitcoin legal because... it's money. That's why most countries won't ban it. China probably wanted to check how big influence they have and they managed to make Bitcoin price decline. However, it recovered pretty quickly.

It seems impossible that all gouvernments working together to ilegalize mining. I do not hope and I beleive this will never happen

That wouldn't be too bad. The difficulty will go down because large firms would close, however I doubt really that anyone would find out if you have miner in your room. Yeah it would be a risk but for example piracy is illegal today in most of the countries but still if you download a movie its a small chance that they will come after small fish like you.

Its not that easy, the programming behind the encryption of this cryptocurreny is still in use and adopted by several banks as it is considered the safest mode of trading. Think of it as a new form of bitcoin. Even if the US or other developed countries put a ban on bitcoin mining. it won't be a successful move. New currencies will be created using the source code of bitcoin and the values will be transferred to those new currencies. Bitcoin is like those banned drugs or substances; someone will change an ingredient and BOOM you have a new fresh product. There's simply no way of wining this.

It will be impossible to ban Bitcoin worldwide because it is decentralized an not under anybody's control and miners are also not in one place. If nothing happens to internet nothing will happen to Bitcoins.

Not a wrong approach the legal status of bitcoin. Bitcoin is not more than encrypted digital programming just like modern banks' digital security codes. There is no reason to ban or make bitcoin illegal if we look from this perspective.

You are exactly right, confirming transactions will really a big thing and the possibility for happening is zero reason why what about gold/silver.
mining will not be illegal even if it is illegal its not a single mark to find the miners across it is a huge galaxy of bitcoin ocean.
So cheer up with your mining! :-*

I dont think so that governments can make bitcoin mining illegal as bitcoins are decentralised that means it cant be controlled or anyone has power over bitcoins so banning them would be hard or just impossible.But if bitcoin mining is made illegal world wide then bitcoin will die as bitcoin's transactions wont be completed because transactions are completed by the miners.And also that i dont see any reason why would any government ban mining atleast for now.

In order for bitcoin mining to become illegal in the first place, then bitcoin should be illegal, take a look at Venezuela at the moment where the government is cracking down on bitcoin miners just because they thought the use of bitcoins will further devalue their local currency.

Perhaps. However, Bitcoin is too good to give up on so there will be no doubt that even though Bitcoin mining will be banned worldwide, people will still mine Bitcoin secretly. Transactions might go deep web so that authorities will have a hard time stopping the mining.

It seems the government does not like Bitcoin because they cannot control it. We know how obsess the government can be when it comes to controlling.

I will probably mine in the deep seas in my boat or in a cave. I don't think they can be successful in implementing such a ban because maybe the core devs will find a way for us to use the nodes instead. There is definitely going to be  a way out of the ban unless they maybe switch off the internet worldwide.

mining is not illegal and miners don't do such bad things about solving math problems ..
what making bitcoin really bad in the eyes of most people is it can use to illegal and things.. that is why people dont accept and thinks that bitcoin is illegal.
I think these will not gonna happen worldwide imagine how they control people using or mining it

Well if bitcoin mining becomes ilegal we will see the hash splitted between a lot home miners, and well there is no way to stop them all, even hitting those wich does spend a lot energy at home, there are already clean energy that are used to mine as well. Mining has became a game which early and big fortunes can grow without almost any risk. I wont be alive to see the last bitcoin mined, but one thing is sure it will be a massive cost to let all the hash to protect the coin, now imagine the fees cost as well the bitcoin value it will be.

I can imagine exchanging/buying/selling to get illegal in single countries.
But i have trouble imagining mining to get illegal. Governments can put regulations on bitcoin, or stop dealing bitcoins.
I dont see how they could theoretically forbid to mine bitcoins. IMO its highly unlikely for governments to forbid using your PC
to calculate hashes and being connected to the bitcoin network. I mean.. alright china may be such a country (which sh*ts on human rights)
which i would give credit for banning mining. But in the most parts of the world i dont think mining will get illegal anytime soon.

We will be having some huge problems if this will happen. Everyone who says the network can't be stopped is right, but it's not the network they need to stop.
It's the people using it.

if mining cryptocc is an illegal act, then places like gaming centers, data centers, and other places that contain many computer devices should be illegal, because mining processes require only the device and internet access in it. What might happen is in the prohibition circulation of  cryptocurrency, instead of mining process. As long as the miners are always obedient to income tax in their respective countries, I don't think there will be any problems with the mining process.

It will go down at first but then it will recover slowly. You cannot stop people from holding and buying bitcoin either government cannot stop bitcoin that's why some of the country legalize it so they can get a tax ;) maybe if government will use quantum computer to hack our address that's the only way i think can stop us :)

I don't think so. If it will becomes illegal then it is illegal but bitcoin will remain the leading crytocurrency it is because there are other way to earn bitcoins like e.g. Trading and campaigns.

Limited supply, high price demand i think and people can still get it from exchanger. And I'm wondering why some country against to bitcoin?

The probability that this will happen is negligible. Just look at our world. There simply is not a question in which all countries are unanimous. Bitcoin is very convenient, modern, promising, and to ban it is very stupid. In addition, I know several large world politicians who have a large number of bitcoins. And it is not in their interests to prohibit bitcoin in their country. So you do not even have to think about it.

You got that right.

We are watching a global revolution taking place. Bitcoin is making government, politics and billionaire douchebags like Donald Trump completely obsolete.

Soon there will be no more stupid nations, we will simply be people of the world, bitcoin the global  currency will permit this to happen.

Bitcoin is big like you have no idea!

It can't be illegalized because people are favoring it and trying hard to get more bitcoin. People are welcoming it warmly because the ease and comfort it is providing, quick and easy transferring of money is its characteristic, let suppose a world without bitcoin then poverty and unemployment will be at its peak, living standard will get low and sharing of resources will decrease

It is impossible for all the mining thing to become illegal at once .we have example of China in front of us that has imposed a serious crackdown on exchanges few months back because of the fact that they were not paying taxes at time .it is obvious that Bitcoin trading investment mining and all other related issues are factors for improvement in country’s economy.

Therefore no government thinks about banning it at all. If anyone really wants illegalization of mining process then he would have to wait for a thousand more years to make it possible.

Yes it is going to be the legal at the same time, all the people are buying the bitcoin and it is the basic thing for the bitcoin and the security of the bitcoin is the big problem for the people now and the dream of the bitcoin is just to be the legal at the all perspectives and the respect to have the fun and the value at the bitcoin. The government is going to make the bitcoin as the legal currency and this will be the best time for the bitcoin growth.

If that ever happens then i guess there will be no bitcoin transactions and bitcoin will likely fail to exist because it will be unusable because there will be no block generated to be solved .

the obvious reason why to refuse bitcoin mining and why it refuses to become illegal, because there will certainly be reflection on the part of each country concerning their respective currency, and it is clear, is it possible that the currency of a country is actually in leave and make bitcoin as the legal payment tool in that country? I think it is a bit impossible, and about the mine, it will probably have an effect on the economy to that country. because everyone who's on the bitcoin will mine on their own source of money.

Sounds from Bitcoin Mining hardware is probably the only way Government would know you own them. Creative people will be forced to come up with noiseless or low noise ones.At this moment i cant see any reason for make bitcoin illegalI know that in some countries is prohibited, but the prohibitions is possible outmatchSo i think that bitcoin cant become illegal world wide

Then i think, That will be the end of bitcoins because most of the contribution to the market came from mining and mining is very popular because it is a passive income but it also required a huge amount of capital in order to create the best mining hardware to run.

no, bitcoin will not come to an end if bitcoin mining will be banned or prohibited. bitcoin has many uses not just mining. bitcoins primary uses is for buying and money transfering therfor bitcoin can still be useful and will still be used by the people even without mining. mining is just another form or way of earning and obtaining it , however people can still earn bitcoin in so many ways like doing micro task in the forum and doing free lancing jobs online that pays in bitcoin.

if ever bitcoin mining will be ban and illegal world wide then bitcoin will surely die without faster mean of decoding every transactions it has.

There are more than 230 countries in the world, and I don't think that mining can be banned in all of these nations at the same time. Even if all the countries ban Bitcoin mining, there are dozens of other options. We can shift mining rigs to ships anchored in international waters and connect to the internet using satellite phones or Dish antennas.

how they know this place mining or not.

bitcoin fee will be big and network slowly.also may end bitcoin

If bitcoin mining becomes illegal more people would want to invest in it because illegal things are often desirable to people
The prices would increase and bitcoin would still be used in dark web
It wouldnt affect much if bitcoin became illegal

230 countries.
But you will have to cut off the list those that don't have enough energy or the energy is so costly it does not make sense to mine.

And mining in international waters, aside from being taken as a funny joke it's impractical.
You would need massive amounts of fuel, generators, and above all protection.
The cost would be so high it would not make sense to build a farm on the open seas.

The only way a complete international ban might be avoided would be by totally decentralized miners doing hobby mining with 1-2 miners at home, after all , the chain can run with a single miner.
But in this case, a 51% attacks has an almost guarantee chance of success.


Bitcoin fees and speed of tx are not affected by the number of miners.
How would they know?
Simple, checking who does more than 900kwh a month.

Since:
http://shrinkthatfootprint.com/average-household-electricity-consumption

In the US typical household power consumption is about 11,700 kWh each year, in France it is 6,400 kWh, in the UK it is 4,600 kWh and in China around 1,300 kWh.  The global average electricity consumption for households with electricity was roughly 3,500 kWh in 2010.

There is no country besides the US and Canada where the average household consumes even 2/3 of what an s9 does.
So it's like cherry picking.

Thinking about it, when mining ends, the bitcoin supply will no longer collect more and more bitcoins thus lessening the total amount of bitcoins globally. So in case we have coins locked in some abandoned address, we will have less and less supply thus making bitcoins more expensive, making bitcoins more risky to pop.

No Government can ban or stop mining in this world it is decentralized completely governments may not give permission of establishing large mining farms but chances are less bitcoin protocol is completely held by peer to peer

I don't think that the government could prohibit bitcoin mining (but I think yes, they can) and bitcoin mining becomes illegal because they need to shut down the internet and this is the main factor for mining bitcoin. many people will become angry if the internet is shut down. the bitcoin mining depends on the internet connection and the internet was spread on all countries.

Crypto-currencies in Russia are not prohibited. Of course, the topic of whether it is legal to engage in mining in Russia has been raised more than once, but there are officially no prohibitions. So anyone can get involved in the production of crypto currency.

The development of Internet technologies is an undeniable fact. Mining is an integral part of cryptocurrency development.Extraction of virtual money is also an undeniable fact.To prohibit mining is at least stupid.I agree that mining has a high load on the grid and requires a cooling system. But if a person pays for electricity in good faith, no one can forbid him to work with the equipment.Anyone can engage in the extraction of cryptocurrencies. Home mining cryptocurrencies other than bitcoin is quite affordable.Allow resources and technology.There is no official ban yet.

I think this will not happens because of mining help government to earn money on electro and they ear a lot of money and profit from miners to sell electro to them , also mining may be will get some taxes in future from earning money we will be needed to pay some extra fee for that but i do not known how they will control that.

It never comes to my mind .. my question is how do they illegalize mining if it just only solving math problems and how would they make applications that prevents the mining happen.. if they have the ability to do that then it will be the end to bitcoins circulation... no one will confirm and process the transaction and also bitcoin will stop circulating.. thats my opinion

You cannot really stop people from using bitcoin because you cannot legally stop people from using the internet and anywhere there is internet, there will be bitcoin.

I always think and share my opinion that one of the risks of Bitcoin is that it is being banned by the government of a particular country. But with this idea, given that it is really possible, then that would only be a big disadvantage for Bitcoin holders. But I do not think this will happen in just one click. If this is going to happen, it will happen for the country and nation by nation. With that, my suggestion and what most people will do is to sell their Bitcoin if we've seen that it's getting banned in other countries, I hope more bitcoin is supported, and other big companies also support bitcoin in the future .

Bitcoin is not owned by any country, so it is impossible to prohibit Bitcoin all over the world. At present, some countries in Europe have adopted Bitcoin in paying for goods and services. And they started spreading to America, and then Africa and Asia. I think Bitcoin is a sustainable development.

If Bitcoin mining will become illegal world wide, there will be less transaction will be made and the time of every transaction, time of confirmation will be delayed. Because most of miners are the one who process every transaction of Bitcoin mining. Let's just not hope that it will be ban, it will make a big FUD if that will happen.

If mining stops then bitcoin stops. But i don't actually see a reason for mining to be illegal unless the reason is that they see it as a threat. But what they can do is to implement regulations. But they cannot suddenly stop bitcoin. It actually also benefits the government or the economy.

For sure there is no doubt that bitcoin is very good for all of us, we are getting profit and our government is taking taxes with bitcoin, as there are a lot of people who are making income with bitcoin only, mining is full of profit if you have capital to afford mining equipments and the capital trust me you will get rich very fast and you will get profit very highly, it is not wise to ban mining because it is getting a lot of profit for miners.

The likelihood that mining will be banned is equal to zero. On the contrary, now more and more countries and large companies consider bitcoin as a payment system.

Mining is one of the way to gain more Bitcoins around the world using just electricity, internnet connection and a powerful computers. If mining would be illegal the supply of Bitcoins will be stock on 16M. Ofcourse some of us here just holding bitcoins and not letting it to circulate, therefore we might not have one bitcoin out of 7 billion people around the world. Thats on my opinion only. Have a nice day :)