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Title: Is it legal to run a Bitcoin Miner in India? Post by: discoverag on December 17, 2014, 05:21:11 AM According to http://en.wikipedia.org/wiki/Legality_of_Bitcoin_by_country, Bitcoin is restricted in India? Will it create a problem if I run in a rented shop with commercial electricity?
Title: Re: Is it legal to run a Bitcoin Miner in India? Post by: seriouscoin on December 17, 2014, 06:46:13 AM yes
Title: Re: Is it legal to run a Bitcoin Miner in India? Post by: Soros Shorts on December 17, 2014, 07:45:26 AM Didn't somebody once run a GPU mining company in India and sold shared on GLBSE? I don't think anything happened to the guy.
Title: Re: Is it legal to run a Bitcoin Miner in India? Post by: Braedo on December 17, 2014, 08:18:34 AM What are the chances of being caught?
Title: Re: Is it legal to run a Bitcoin Miner in India? Post by: sbogovac on December 17, 2014, 08:39:57 AM What would the consequences be for the person on the lease contract if it would catch fire?
Title: Re: Is it legal to run a Bitcoin Miner in India? Post by: mfaidzul on December 17, 2014, 10:55:28 AM It could be highly illegal... but then it's India!! Do all the laws they want, there's very little capacity (or will) to enforce them...
Title: Re: Is it legal to run a Bitcoin Miner in India? Post by: Zich on December 17, 2014, 11:38:17 AM Would be more precise to ask someone from india :)
My country(indonesia) also mark as restricted, but there is no regulation yet to ban the bitcoin. Local bitcoin exchange had no problem transferring money to customer bank account. Title: Re: Is it legal to run a Bitcoin Miner in India? Post by: Bananana on December 17, 2014, 12:07:50 PM According to http://en.wikipedia.org/wiki/Legality_of_Bitcoin_by_country, Bitcoin is restricted in India? Will it create a problem if I run in a rented shop with commercial electricity? I think it will be really risky, I would suggest you to just buy 1-2 miner and mine at home. Less amount means less risk... Title: Re: Is it legal to run a Bitcoin Miner in India? Post by: chrysophylax on December 17, 2014, 12:15:31 PM According to http://en.wikipedia.org/wiki/Legality_of_Bitcoin_by_country, Bitcoin is restricted in India? Will it create a problem if I run in a rented shop with commercial electricity? the legality question is not of bitcoin itself - but of the use of equipment ( and the subsequent electricity ) for the creation of bitcoin ... as a farm operator also - i understand that bitcoin itself may be restricted ( and therefore the use of ) but not the mining equipment itself ... each country has its own laws and restrictions - so you need to find out what these are ... but in most instances - computer equipment is not illegal and therefore the use of them is the only question - not hwteher bitcoin itself is outlawed or not ... my seven cents worth ... or 0.00000007btc ... ;) #crysx Title: Re: Is it legal to run a Bitcoin Miner in India? Post by: wpgdeez on December 19, 2014, 11:57:22 PM I wonder about North Korea ..
Title: Re: Is it legal to run a Bitcoin Miner in India? Post by: chrysophylax on December 20, 2014, 02:06:29 AM I wonder about North Korea .. the best thing to do is - do what i do - message them ... find the electricity authority and send them a message asking ... they may take a while to answer - but they are usually happy to help ... they are - after all - taking our money ... ;) #crysx |