What if Bitcoin mining becomes illegal world wide?

[Script]

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.

[GideonGono]

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

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.

[djselery]

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.

[joseafonso123az]

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.

[bamboylee]

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.

[Gens09]

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.

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.

[fossilized]

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.

[webmastax]

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.

[Fancyax]

There will be secret mining pools and new mining hardwares.

[ecnalubma]

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.

[Quidat]

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.

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.

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.

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.

[Kava]

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.

[fabrizoc]

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

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.

[scambust]

"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.

[Potentiam]

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. 

[Fappanu]

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

[Singbatak]

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

[h0lybyte]

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.

[Shamie1002]

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.

[BingoDog]

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.