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Author Topic: Is mining illegal ?  (Read 21305 times)
piash.tanjin
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September 04, 2017, 03:48:40 AM
 #1

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?
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September 04, 2017, 03:51:54 AM
 #2

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?

Different countries have different laws for different reasons. Impossible to tell without knowing what country you're in.

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September 04, 2017, 05:54:28 AM
 #3

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?

Different countries have different laws for different reasons. Impossible to tell without knowing what country you're in.

The short answer: 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.

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September 04, 2017, 01:42:03 PM
 #4

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?

Different countries have different laws for different reasons. Impossible to tell without knowing what country you're in.

The short answer: 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.

it is legal unless it is stated otherwise,there are several countries you would not want to mine at,though
Venezuella for example,some of the countries you would not want not only mine at,but also live at,but thats a different story
such countries as Ukraine,for example,where one of the mining farms was seized and the owners arrested etc.
before running a mining farm,make sure you get familiar with the laws,if it is on a big scale- consult a lawyer

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September 04, 2017, 02:31:15 PM
 #5

That depends per country. But here in the Netherlands it most likely will get seen as a server. So long you pay for your electricity they would not really look around for it. Of course, always report when you start using larger doses of electricity so you don't have police knocking the door over to check if you do not have a weed plantation. Like if you put 10 rigs on you are technically consuming a lot of wattage and heat that could simulate a weed plantation so watch out with that and just higher your power limit officially so you won't get into trouble later on.

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trecore4
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September 04, 2017, 05:43:26 PM
 #6

Which country are you from? The regulation looks like very hard in your country but mining is complete white job as it is involved in online transaction, computing power and smart block chain stuff like that. None of which is illegal and the mining hardwares are manufactured under the regulation of governments. Thus completely makes it legal work to perform. If it would have been illegal then import, export, manufacture of these hardwares would have been banned in all countries. These hardware are listed under categories of computing and taxable as per the norms. So that's completely legal job to do. What was the source for your information anyway.




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September 04, 2017, 07:33:38 PM
 #7

So far as I know Mining is legal in all countries.

Nevertheless you have to be aware of tax-related points.

All the best

B.D.
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September 04, 2017, 07:53:41 PM
 #8

So far as I know Mining is legal in all countries.


 Most - Venezuella is a specific but VERY rare exception as they appear to have outlawed cryptocoins in general.

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September 04, 2017, 08:07:13 PM
 #9

If mining is illegal in country then your country's legal codes are unlawful.  I'd advise either moving to a free country or starting a revolution in yours.

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September 04, 2017, 08:24:22 PM
 #10

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?

The legality on bitcoin and other crypto currencies depends on where you are and what you wish to do with it. Most countries including mine are in a in a state of wait and see, again trying to measure the benefits against the risks.
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September 04, 2017, 08:27:32 PM
 #11

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?

Illegal can be if you steal the electricity and mine bitcoin but not the mining action itself. A barrier that could be in this case is if bitcoin is legal or not as I've heard that there are some moves from countries that first thought that bitcoin is not a legal currency, but about the mining thing I think it's completely legal and good to use, but it's bad for the environment since a lot of energy is being spent on mining!

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September 04, 2017, 09:26:07 PM
 #12

I's legalized. You will be using your equipment with an electric power paid for by you, I believe there is nothing illegal there, at least if you do not live in a country that is driven by socialism.

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September 04, 2017, 10:19:58 PM
 #13


What about China after today? They restrict only ICO or there will be problems with mining also?

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September 04, 2017, 10:59:00 PM
 #14

Mining is still completely legal, there's nothing you guys have to worry about. But on the topic of mining bitcoin, you'd probably be more profitable mining something else. Whattomine.com is a good resource for looking into the best options available to you.

felipe04
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September 05, 2017, 01:42:07 AM
 #15

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?
no this is legal in some country they create a things that you can mining you only need in mining are current and a money to do mining

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September 05, 2017, 05:39:46 AM
 #16

It is very dependable to what kind of region and culture are you in, in what kind of laws your country needs to regulate. I have read most articles that mining bitcoin is illegal although not all illegal are bad. In China, btc is banned due to illegal reasoning. Cheesy

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September 05, 2017, 06:21:38 AM
 #17

I think it depends on what country you are in. There are probably countries who sees it as illegal but if in your place there's no regulations about it then its legal  Grin
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September 05, 2017, 06:35:22 AM
 #18

I think it depends on what country you are in. There are probably countries who sees it as illegal but if in your place there's no regulations about it then its legal  Grin

It is so true that each country have their own law on bitcoins and cryptocurrency. So first you have to check with your country if you are starting a big mining farm. Because without getting legality status it is not advised to go for mining. And this details your tax advisor or legal advisory will give you perfectly

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September 05, 2017, 09:07:18 AM
 #19

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?
Why mining will be illegal ?
What is your country ?

Making/printing false money is illefal, sure.
But Bitcoin is not false money : it is just an other money, but a true one :-).

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September 05, 2017, 10:12:39 AM
 #20

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?

It depends, it may be banned in your country for various reasons, but in my country, BTC and mining it is completely legal and many do it for a living. Maybe your government thinks it best to restrict usage of BTC for whatever reason, I can't tell you any more I guess.

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September 05, 2017, 11:31:08 AM
 #21

Bitcoin mining is not legal in all countries.
I have read news about a country that prohibits bitcoin mining in private homes, and the reason for the ban is waste of electricity


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September 05, 2017, 12:54:36 PM
 #22

Well in my country it isnt illegal to mine bitcoins. In fact there are people here who are willing to participate and work on in this kind of task.i dont know why it is illegal in your country, though i think there's a reason behind it, i just cant point it out since i dont know where you come from.
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September 05, 2017, 01:03:18 PM
 #23

There is nothing illegal in what you mined crypto currency. There are some questions about the use of coins, but that's another topic. In some corrupt countries, law enforcement authorities know about the legal vacuum and are trying to earn some money.

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September 05, 2017, 01:12:01 PM
 #24

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?

Different countries have different laws for different reasons. Impossible to tell without knowing what country you're in.



Because countries like that don't like the idea that there is some medium in their land that they can't regulate properly and the fear that one day their banks will be outdated and cryptocurrencies will take over the reign.
He or she might be having a hard time transacting or trading some bitcoin if btc is illegal in their country ( but he must clarify if cloud mining is legal just surf the web ).

Here is your answer if you want to know why BTC IS ILLEGAL OR LEGAL : https://99bitcoins.com/is-bitcoin-mining-illegal/

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September 05, 2017, 02:45:19 PM
 #25

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?

What country do you live in?
Do you have a law in the country that directly blocks mining?

It's shit. Mining is a calculation.
Any computer can get under this law, because it also makes calculations.

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September 05, 2017, 05:32:11 PM
 #26

Well in my country it isnt illegal to mine bitcoins. In fact there are people here who are willing to participate and work on in this kind of task.i dont know why it is illegal in your country, though i think there's a reason behind it, i just cant point it out since i dont know where you come from.

In my country also doing mining is legal.But I don't know why they make mining as illegal in some countries.Even our government provide some loans through the bank  for doing bitcoin mining as a business.The cost for start the mining is very high. Not a common man can Start mining with low capital.
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September 05, 2017, 06:26:16 PM
 #27

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?

Illegal can be if you steal the electricity and mine bitcoin but not the mining action itself. A barrier that could be in this case is if bitcoin is legal or not as I've heard that there are some moves from countries that first thought that bitcoin is not a legal currency, but about the mining thing I think it's completely legal and good to use, but it's bad for the environment since a lot of energy is being spent on mining!

Still there is perfect ban on bitcoin to start mining or any other services to earn bitcoin. Even I have heard the news says one of the person in US who is doing mining had been catch by the police and arrested. If we born in Japan we do not need to worry at all. Simply without any question you can invest on mining or gambling.

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September 05, 2017, 07:37:03 PM
 #28

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?

Illegal can be if you steal the electricity and mine bitcoin but not the mining action itself. A barrier that could be in this case is if bitcoin is legal or not as I've heard that there are some moves from countries that first thought that bitcoin is not a legal currency, but about the mining thing I think it's completely legal and good to use, but it's bad for the environment since a lot of energy is being spent on mining!

Still there is perfect ban on bitcoin to start mining or any other services to earn bitcoin. Even I have heard the news says one of the person in US who is doing mining had been catch by the police and arrested. If we born in Japan we do not need to worry at all. Simply without any question you can invest on mining or gambling.
Then that person in the US was doing something else besides mining or was nailed for large tax evasion.

In the USA mining is perfectly legal and the IRS even has tax guidelines in place for reporting mining income. On that note - the only thing that the IRS cares about is coins converted into dollars. When you exchange to fiat it is reported either as additional personal income or if you are a LLC as business income.

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September 05, 2017, 09:27:51 PM
 #29



Still there is perfect ban on bitcoin to start mining or any other services to earn bitcoin. Even I have heard the news says one of the person in US who is doing mining had been catch by the police and arrested.

 They were NOT arrested for mining.
 They were arrested for some other reason - most likely Tax Evasion or Theft of Services (they might have been STEALING part or all of the electric they were using to mine with).

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September 05, 2017, 09:45:51 PM
 #30

In my country BTC is Illegal
But, I have never heard that someone has been harassed by police for Mining BTC or Alt

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September 06, 2017, 03:23:30 AM
 #31

Actually I do not really know whether mining is legal or not, obviously until now I do not really care about it. I also do not really understand if it turns out here mining is Illegal. I will dig deeper about this so I better understand.

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September 06, 2017, 03:34:14 AM
 #32

Bitcoin mining is not legal in all countries.
I have read news about a country that prohibits bitcoin mining in private homes, and the reason for the ban is waste of electricity



I don't think so that it isn't legal in all countries there maybe some countries that implemented strict regulations about, but to to the extent that it matters through legalities. Maybe it's a waste of electricity but more miners prefered to do it rather doing any bitcoin job, and one of the reasons why miners is there is due to profitable income which it will provide to the users.

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September 06, 2017, 05:51:31 AM
 #33

How do i mining?
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September 06, 2017, 05:53:31 AM
 #34

Actually I do not really know whether mining is legal or not, obviously until now I do not really care about it. I also do not really understand if it turns out here mining is Illegal. I will dig deeper about this so I better understand.
But i think bitcoin mining is legal method, it will be illegal if bitcoin is banned in your country. But if not doing anything to earn in bitcoin is all legal and here in my country even it is not fully adopted by the government there are some people do mining, build own mining site to earn much higher profit for their future.

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September 06, 2017, 05:57:53 AM
 #35

Actually I do not really know whether mining is legal or not, obviously until now I do not really care about it. I also do not really understand if it turns out here mining is Illegal. I will dig deeper about this so I better understand.
But i think bitcoin mining is legal method, it will be illegal if bitcoin is banned in your country. But if not doing anything to earn in bitcoin is all legal and here in my country even it is not fully adopted by the government there are some people do mining, build own mining site to earn much higher profit for their future.
Also here in my country lots of bitcoin users build their own mining site, and i do not know if that is legal or illegal but i do not see any problem on that instead it will helps to increase the supply of bitcoin. And me i also planning to build my own mining site to give me additional income while i am sleeping. Since i have plan to focus in bitcoin next year.

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September 06, 2017, 10:29:14 AM
 #36

In some countries, crypto mining is considered illegal, i've heard that south korea have banned bitcoin mining, also china banned ICOs. The laws are getting stricter, but i don't think it will get too bad for another 5 years or so.

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September 06, 2017, 01:45:47 PM
 #37

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?
Which country do you mean to view mining as illegal ?. My information mentions that mining is a legal act and currently no one prohibits this action, including the state government. There should be a clear statement because without an official statement from the government then the government does not have the authority to do so.


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September 06, 2017, 11:27:19 PM
 #38

In most of the countries are Allowed Mining.
there are a few countries where you can be it is unlawful.

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September 07, 2017, 01:37:18 PM
 #39

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?
No its not, as long you do pay the consumption of electricity on mining operations then it should be fine.I cant see any reasons for government to prohibit bitcoin mining which we can really say that this thing would really matter on how your government do treat bitcoin.Ive heard back in the past that there are countries which do prohibits on having a mining farm,i just forgot what place it is.



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September 07, 2017, 02:28:47 PM
 #40

yes in some countries like Korea but most countries allow mining without any problem , but i think if next few years we will face some problems because the bitcoin will get more spread .

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September 07, 2017, 02:54:52 PM
 #41

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?
Depends on how you mine, for some reasons it's illegality is 100% fair. For example in my country there are some vilages where electricity is free, absolutely free. So if you live here and start to mine with 10 antminers, I believe you will be arrested or something similar will happen. But if you buy 1 antminer, I think there won't be problem.
On another hand if you pay electricity fees and still mining with some antminers is illegal, seems your country's goverment has some problems.

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September 08, 2017, 05:19:41 AM
 #42

Except for a few countries, Most countries are allowed to mine.
I heard it was declared illegal in South Korea But they are Preparing to Regulate & Legalize Bitcoin again.

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September 08, 2017, 05:32:07 AM
 #43

Most of the time, mining is legal. However some countries consider bitcoin mining which includes possession and the use of it illegal. In countries like North America or Western Europe, not only is it considered illegal but regulations exists that provides protections and oversights. The reason why it is illegal for most cases is because governments are threatened by its potential of competing with national currencies. Another reason it is not legal is perhaps due to the use of malicious viruses to hack a user's computer to mine bitcoins, which is obviously wrong at all aspects.

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September 08, 2017, 03:16:19 PM
 #44

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?
Depends on how you mine, for some reasons it's illegality is 100% fair. For example in my country there are some vilages where electricity is free, absolutely free. So if you live here and start to mine with 10 antminers, I believe you will be arrested or something similar will happen. But if you buy 1 antminer, I think there won't be problem.
On another hand if you pay electricity fees and still mining with some antminers is illegal, seems your country's goverment has some problems.
There is a minimum limit to use electricity in every country. If we exist that then surely the governament officers will visit and ask for what purpose we are using electricity and why it is consuming very high in that we will catch. This will happen in the rural area. If you are staying in the city for home use, they will fix one limit if you cross that and use more power they will think you are running some business inside your home and the same thing will repeat.

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September 08, 2017, 03:27:48 PM
 #45

How are supposed to tell you without stating what country you're from ?
Mostly bitcoin usage and mining are legal in any country unless stated otherwise.

Where I live the government never stated anything about bitcoins so as long as I'm paying my electricity bills on time, everyone is happy.
I guess they never even heard about crypto currencies. They're still busy with their politics and don't even know what that imaginary type of money is. But what is sad is that they'll ban btc and all sorts of mining once they know about it as they're totally ignorant and would just tell the public that it's a national danger and must be banned (the same way they shut down whatever they want to).

How sad.


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September 08, 2017, 03:37:12 PM
 #46

Most of the time, mining is legal. However some countries consider bitcoin mining which includes possession and the use of it illegal. In countries like North America or Western Europe, not only is it considered illegal but regulations exists that provides protections and oversights. The reason why it is illegal for most cases is because governments are threatened by its potential of competing with national currencies. Another reason it is not legal is perhaps due to the use of malicious viruses to hack a user's computer to mine bitcoins, which is obviously wrong at all aspects.
they are basically scared because bitcoin does not currently have a stable price. maybe if there is a decline and a drastic increase in prices could have chaotic economic system in the country. this is normal thinking, so at this point all we have to do is make sure that bitcoin continues to be used and also utilized as well as possible. because then it could be that many countries are aware that bitcoin has enormous benefits if it can be used properly. conduct mining including to develop and contribute to the digital currencies including bitcoin.



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September 08, 2017, 03:56:15 PM
 #47

I guess that some countries would make mining as an illegal job, because country can not tell how much have people mined, and therefor country can not take "their" share of your profit. I did not know that there are countries where mining is illegal thing. Apart from country not taking "their" share, i do not see what else could ban mining from one country. Mining is good way of earning some money, but for that you need really good hardware, and when i say good i mean something like IBM Supercomputer. Tongue Cheesy

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September 09, 2017, 12:48:00 AM
 #48

Wow it must be really hard to live in some of these countries that are so oppressive to change.
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September 09, 2017, 02:11:58 AM
 #49

For me, its depend upon to what country you are lived. Because different country, different rules or laws they have. So its hard to say if this mining is legal or ilegal. So before you start mining you first have to know if it is legal or illegal in your country.

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September 09, 2017, 04:46:54 AM
 #50

The way I read it is that you count as a transmitter if you the miner directly sell your crypto currency to a second party.
However this is not how most miners will convert. The miner would give the crypto currency to an exchange and they will then convert the currency, in his case the exchange would be the transmitter not the miner.
This is assuming solo mining, using a pool would complicate things.
I suspect a test case would need to go though the courts to see how it really pans out.

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September 10, 2017, 02:53:19 AM
 #51

In some countries bitcoin is announced as legal cryptocurrency, so mining of bitcoin in those countries is also legal. It depends upon the rules and regulations of the country

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September 10, 2017, 04:44:27 AM
 #52

In some countries bitcoin is announced as legal cryptocurrency, so mining of bitcoin in those countries is also legal. It depends upon the rules and regulations of the country
Yeah there is no wrong in mining bitcoin it depends also on how you mine, it also helping bitcoin to increase the supply preparing for the massive adopting by many countries.
The illegal thing is if you are not using your own electricity to continue mining of bitcoin. But mining itself it is not illegal for me.

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September 10, 2017, 05:06:03 AM
 #53

nope mining is legal ..
mining don't hurt people or harm any people so why that would be illegal
mining is process to continue the circulation of bitcoin..
miners is on a specific pool where they solve mathematical problems and get reward if they answered that correctly

conclusion mining is the way to keep the bitcoin lets say stable and mining is not illegal

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September 10, 2017, 06:42:58 AM
 #54

It should be legal in every country, your just using your cpu/gpu..
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September 10, 2017, 10:57:15 AM
 #55

Bitcoin mining is not illegal at all.
Go to China you can see people take bitcoin mining for a full-time job.
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September 11, 2017, 03:55:36 AM
 #56




I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?


Depends on how you mine, for some reasons it's illegality is 100% fair. For example in my country there are some vilages where electricity is free, absolutely free. So if you live here and start to mine with 10 antminers, I believe you will be arrested or something similar will happen. But if you buy 1 antminer, I think there won't be problem.

On another hand if you pay electricity fees and still mining with some antminers is illegal, seems your country's goverment has some problems.




Wow a complete village with the free electricity? You must be kidding bro but whatever it is I am coming to your country with my 100 antminers. ;-)


No seriously if that's the thing then one must plot a plan to get antminers working in your area. I don't think that's illegal because it's government that made the electricity free in your area. If they have full control of that rule then you are on safe side.


And I disagree that after paying the electricity bills also your country is saying the mining is illegal stuff. There is hardware that you buy and pay custome duties and all the stuff so that has government value and you can oppose the party with that kind of statement. I think it's completely fine to mine with that scenario and you should really ask legal authorities in your area whether you can do it legally or not.




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September 11, 2017, 04:01:12 AM
 #57

I also do not understand with a country that considers mining is illegal! while everything we need for mining we buy with our own money, and this does not harm anyone. it seems that different job laws in every country make everything that is a source of income that is not beneficial to the government can be considered illegal in other words. can benefit some parties

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September 11, 2017, 05:49:43 AM
 #58

I don't know bitcoin legal or illegal
I think bitcoin minning is Amazing work..
More than side job..


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September 11, 2017, 05:56:47 AM
 #59

Wow thats crazy. I can't imagine getting arrested for mining. I just got 85 Mh up and running today for mining Ethereum. I imagine one day governments will try  to stop Bitcoin and cryptocurrencies in the future. I know China is coming down hard with restrictions at the moment. All the more reason to have more cryptocurrency haha.

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September 11, 2017, 06:05:55 AM
 #60

There should be no problems with the 'mining' itself, but the 'how' it's done could be illegal. Like in those cases where people used other people's resources to do the 'mining' without their authorization or even their knowledge.

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September 11, 2017, 08:13:20 AM
 #61

Bitcoing is illegal where I live. But guys have a question. Is bitcoin mining still viable? Or altcoin is more profitable? According to what I know bitcoin mining is almost completed. What's your opinion?

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September 11, 2017, 01:06:16 PM
 #62

Mining is not illegal but it requires more horse power electrical current and huge machines, mining helps ti earn more bitcoins,  Chinese people use huge multi store house for mining bitcoins, they have mining farms.

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September 11, 2017, 06:37:27 PM
 #63

Mining is not illegal but it requires more horse power electrical current and huge machines, mining helps ti earn more bitcoins,  Chinese people use huge multi store house for mining bitcoins, they have mining farms.

Who said mining is illegal. In all the country including USA ,doing mining is legalized one.Even you can start mining industry by investing money in it.If you want to do business and all proceeds with mining. Only mining will give you enough Profit as compared to trade and saving. You can do Solar Mining.

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September 11, 2017, 08:24:28 PM
 #64

I dont know any country where mining is illegal  Undecided
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September 12, 2017, 03:27:36 PM
 #65

No . mining is not illegal. Because bitcoin is not illegal .

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September 12, 2017, 03:36:44 PM
 #66

It depends from country where u mine
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September 12, 2017, 03:40:26 PM
 #67

It depends from country where u mine
Which the OP has still never said.
Without saying where they are is like asking everyone here, 'will it rain today'?

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September 12, 2017, 03:44:26 PM
 #68

It depends from country where u mine
Which the OP has still never said.
Without saying where they are is like asking everyone here, 'will it rain today'?
that's seriously right. how can we answered OP correctly if we don't have any idea about his location just figured it out after reading most of the replies
to those who lives where bitcoin is legal mining wont be a problem but place like N.korea where government really In control I think mining is not legal
and you can be persecuted.

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September 12, 2017, 03:55:39 PM
 #69

Mining Bitcoin and it's legality depends upon the country it is is. Bitcoin can be used for legitimate uses, I got my BTC to FIAT debit card today for example, it can also be used for illegal activities thereby 'tainting' the coins and making them used for a bad cause? I think maybe the main point with mining is if you cross a certain threshold and coins starts becoming an income or investment, there will probably be some tax to pay on it, depending upon your tax status.
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September 12, 2017, 04:09:37 PM
 #70

Of course it absolutely legal (at least in the most countries)
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September 13, 2017, 12:11:40 PM
 #71

I dont know any country there is mining is illegal  Huh
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September 13, 2017, 01:49:46 PM
 #72

It seems to me that the government doesnt care about miners in our days. But in the future their role will increase and the miners will even encourage or even legitimize them.
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September 13, 2017, 02:51:08 PM
 #73

I would never in a million years think it would be illegal in any country
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September 13, 2017, 05:47:11 PM
 #74

if u live in country whith greedy official that mean that cryptocurrency will be banned or it will get tax for mining/using

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September 13, 2017, 06:49:20 PM
 #75

I dont know any country where mining is illegal  Undecided

Unfortunately, it's illegal in Venezuela. The government has banned Bitcoin mining and citizens who are caught mining are being prosecuted. It's really sad as many folks have resorted to mining because their national currency has decreased in value so much that many of them are unable to survive on their salaries alone. Out of desperation, they have turned to mining, even though they now face prosecution many are still mining because they simply can not afford to live without mining.


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September 14, 2017, 04:54:31 AM
 #76

I dont know any country where mining is illegal  Undecided

Unfortunately, it's illegal in Venezuela. The government has banned Bitcoin mining and citizens who are caught mining are being prosecuted. It's really sad as many folks have resorted to mining because their national currency has decreased in value so much that many of them are unable to survive on their salaries alone. Out of desperation, they have turned to mining, even though they now face prosecution many are still mining because they simply can not afford to live without mining.



Ya true buddy. In some countries the mining of bitcoin is still offence. They were arrested if they involved in mining so.But in my country, mining of bitcoin is legal.So I had started mining with solar panels and gained many dollars. Even I was working in Signature Campaign to earn some more bitcoin.

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September 14, 2017, 03:08:20 PM
 #77

Yes, Bitcoin mining is a legal process done by the miners to make successful and fair bitcoin transactions.
When someone makes any kind of purchase or transaction by bitcoin a block-chain grows until there are any block.
Miners get together and computations to verify the block-chain are done through all the transactions on the block.
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September 15, 2017, 03:20:45 AM
 #78

Depends country to country. As we can now see china has gone wild with its regulations and they are now having bitcoin as illegal. So it's impossible to mine in china now and miners might have gone wild too.


Anyway, I believe in most of the country bitcoin is legal to mine and you can get more information from the legal advisor.

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September 15, 2017, 06:27:59 AM
 #79

Mining is not illegal but it requires more horse power electrical current and huge machines, mining helps ti earn more bitcoins,  Chinese people use huge multi store house for mining bitcoins, they have mining farms.

Who said mining is illegal. In all the country including USA ,doing mining is legalized one.Even you can start mining industry by investing money in it.If you want to do business and all proceeds with mining. Only mining will give you enough Profit as compared to trade and saving. You can do Solar Mining.

Got a new idea. Mining can be cost effective if used on solar energy. But have to know if mining is legal or not or I can get in to trouble for it.

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September 15, 2017, 09:19:57 AM
 #80

Not it is legal in a lot of countries
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September 15, 2017, 10:35:35 AM
 #81

Bitcoin mining is perfectly legal. In a few countries, however, bitcoin mining, as well as the possession and use of bitcoin is illegal.
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September 15, 2017, 12:02:04 PM
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Each country has its own laws. It is necessary to understand
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September 15, 2017, 12:06:36 PM
 #83

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?

Yes mining is really great source to earn bitcoin especially, if you have the machine to mine and not just ordinary ones. Most people mine through Ant miner because its has more hash power than just mining in ordinary GPU and its not recommendable anymore and your not earning as much when mining through GPU that's why they made ant miner to mine more. In some cases many countries don't support mining bitcoin because of some circumstances and regulations in their country this is why bitcoin is still in the process of exploiting other countries but in new generation countries they accept bitcoin as legal and some countries are actually boosting bitcoin and making its way at the top.



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September 16, 2017, 11:30:37 AM
 #84

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?
It has to do with each country and how they perceive bitcoin and its operations. However, I see no reason why any country should declare mining as illegal unless of course the usage of bitcoin itself has been declared illegal. Probably your country is scared you are going to finish all the stored up KW Grin

But I am afraid that some countries may bring regulations on crypto currency mining as it emits heat and consumes more power. But as of now I am not seeing any country made mining as illegal.



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September 16, 2017, 11:41:37 AM
 #85

No, I don't thing mining is illegal if you own the mining equipment and the facility. If you mine at your office, refer to your IT regulations, however  Grin

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September 16, 2017, 01:43:59 PM
 #86

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?
It has to do with each country and how they perceive bitcoin and its operations. However, I see no reason why any country should declare mining as illegal unless of course the usage of bitcoin itself has been declared illegal. Probably your country is scared you are going to finish all the stored up KW Grin

But I am afraid that some countries may bring regulations on crypto currency mining as it emits heat and consumes more power. But as of now I am not seeing any country made mining as illegal.
Regulations aren't a bad thing. They prove that a country is treating cryptocurrencies as something real and important. If they are spending time and money to regulate it then it means they want it to be safe, want people to use it and for them to know how to use it legally. If you have a clear set of rules, big investors and people with a lot of money to lose aren't afraid to touch it.


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September 17, 2017, 03:21:04 AM
 #87

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?
Different countries have different laws for different reasons. Impossible to tell without knowing what country you're in.

thats right. every country has their own rules. but i dont if bitcoin is illegal in some country. in my opinion, bitcoin mining is legal in all country. but, when the time comes.. bitcoin will be known to the whole world and the rules might be change some day.

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September 17, 2017, 09:09:35 AM
 #88

It could be that the country still wants to monitor illegal mining as a whole if it does not fit with what they hope will just apply the legal system for bitcoin advancement in each country for better progress than ever before.

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September 17, 2017, 03:11:22 PM
 #89

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?

What country do you live in?
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September 18, 2017, 02:13:23 AM
 #90

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?


as far as i know there are some countries that mining is restricted or ban but i think theres nothing wrong with bitcoin mining as long as your not doing it illegal like using a jumper in your electricity to cut the cost of monthly bills. also if you had a big mining plant that is hazardous to the environment then it should be ilegal.

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September 18, 2017, 02:33:38 AM
 #91

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?


as far as i know there are some countries that mining is restricted or ban but i think theres nothing wrong with bitcoin mining as long as your not doing it illegal like using a jumper in your electricity to cut the cost of monthly bills. also if you had a big mining plant that is hazardous to the environment then it should be ilegal.
mining in my opinion is free to do. maybe in this small scale all will not be banned. the ban will only occur in large-scale mining companies. I am stigmatizing that the government can not keep an eye on us when we just put up a rig inside the house. so the ban only occurs in some conditions.

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September 18, 2017, 05:58:38 AM
 #92

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?


as far as i know there are some countries that mining is restricted or ban but i think theres nothing wrong with bitcoin mining as long as your not doing it illegal like using a jumper in your electricity to cut the cost of monthly bills. also if you had a big mining plant that is hazardous to the environment then it should be ilegal.
mining in my opinion is free to do. maybe in this small scale all will not be banned. the ban will only occur in large-scale mining companies. I am stigmatizing that the government can not keep an eye on us when we just put up a rig inside the house. so the ban only occurs in some conditions.
I do not think bitcoin mining is illegal, because it is one of the best source of our bitcoin however if the users violate some rules and regulation of the government property while doing mining of bitcoin. Specially if you using hack electricity or jumper which you direct on the line of the provider i think that is only thing we can say mining is illegal, but mining itself its not.

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September 18, 2017, 10:11:26 AM
 #93

bitcoin mining is legal in almost all the countries.However, some countries made bitcoin and its related activities is illegal.Actually,it depends on the country how they consider bitcoin.Some countries take bitcoin as threat and others take it as a non state currency.so in a conclusion, bitcoin mining is not illegal as long as bitcoin is not illegal.

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September 18, 2017, 08:27:19 PM
 #94

Why illegal, keeping the best Future currencies alive? No man its the best way profitting and helping a worlds transactions.
It is Legal in every country, so dont worry,  Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes
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September 19, 2017, 05:37:13 PM
 #95

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?


as far as i know there are some countries that mining is restricted or ban but i think theres nothing wrong with bitcoin mining as long as your not doing it illegal like using a jumper in your electricity to cut the cost of monthly bills. also if you had a big mining plant that is hazardous to the environment then it should be ilegal.
mining in my opinion is free to do. maybe in this small scale all will not be banned. the ban will only occur in large-scale mining companies. I am stigmatizing that the government can not keep an eye on us when we just put up a rig inside the house. so the ban only occurs in some conditions.

From my point of view .Bitcoin is the legal one.Even in my country, bitcoin is the legal one.I was doing Mining Mining, more than a year.Mining is the best place to get lot of bitcoin so. If you save bitcoin means, it will help you to get more profit ,only if you save for long period.


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September 20, 2017, 02:57:08 AM
 #96

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?
If in my opinion this is reasonable because bitcoin mining is the same as gold mining in my country.
why can mining be legalized? Perhaps this is the question of all of us, this happens because there is no law regulating the ban for bitcoin mining.

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September 21, 2017, 03:45:32 AM
 #97

move to china man    Grin Grin

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September 21, 2017, 06:21:56 AM
 #98

That's dependent on your country, province/state and local jurisdiction.  Like in the US, it's not illegal but they want you to pay taxes on earnings from mining, not that anyone pays.  So it really just depends on where you are located.  I'm sure some places classify it as illegal, but I seriously doubt that stops anyone from mining. 
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September 22, 2017, 11:54:39 AM
 #99

In my opinion, mining has nothing to do with illegal or legal law in any country, because mining is only used with mining equipment that can produce its own bitcoin, on the other hand mining takes a lot of electricity, but it will not harm the country. because the power that is used is large enough that may have an impact on electrical expenditure in a country. Until now bitcoin mining in my own country there are still many who do it as long as they use it in accordance with existing regulations, not excessive use and most importantly always pay electricity bills every month.

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September 22, 2017, 11:58:27 AM
 #100

I think the mining is only different, because we are from various countries.
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September 22, 2017, 12:07:47 PM
 #101

I think the mining is only different, because we are from various countries.
yea, it's legal if u're not from China  Grin Grin
but it's better not to tell all your friends that you have a farm. suddenly tell the tax police
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September 22, 2017, 12:33:52 PM
 #102

In my country its not Illegal.....so i guess its legal ?
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September 22, 2017, 02:10:43 PM
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No, I don't thing mining is illegal if you own the mining equipment and the facility.
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September 22, 2017, 02:12:47 PM
 #104

It depends on the country you are in, Every country has it own law on cryptocurrencies, some don't have at all ...
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September 22, 2017, 09:41:40 PM
 #105

We've already noted in this thread that Bitcoin Mining is usually legal, but not in some countries. For you, however, a second question would be interesting: Does the prohibition in your country only refer to Bitcoin or all cryptocurrencies?
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September 22, 2017, 10:12:12 PM
 #106

No it is not as long as you pay taxes

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September 22, 2017, 10:55:25 PM
 #107

We've already noted in this thread that Bitcoin Mining is usually legal, but not in some countries. For you, however, a second question would be interesting: Does the prohibition in your country only refer to Bitcoin or all cryptocurrencies?

To have a brief understanding about mining, it isn't illegal as stated in every thread here because miner cpu were created for that purpose. I don't know with other countries if they're prohibiting it into strict regulations, but in my actual perceptions about they can't regulate because those miners were legit; and bitcoin is decentralize currency. Bitcoin mining is freedom and could not be controlled because people will always prefer mining rather than investing if they have enough money to buy mining equipment.

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September 22, 2017, 11:00:07 PM
 #108

Bitcoin mining isn't illegal and there is no law that is occupied to declare bitcoin mining illegal. Those countries that are banning bitcoin can be one of the countries that are implementing that mining is illegal. But for those countries that doesn't see bitcoin as a illegal thing, bitcoin mining is legal and it's good for those people that wants to earn decent profit from their super computers.

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September 23, 2017, 04:48:50 AM
 #109

People shouldn't be able to generate Bitcoins by themselves... If that happened everyone will be rich... And it needs to be controlled thus only government is allowed to print money not everyone... Its like that only....so obviously it should be illegal.

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September 23, 2017, 06:56:14 AM
 #110

Which country are you from?.That depends per country.Different countries have different laws for different region.Althougn in my country, BTC and mining it is completely illegal.But here in the Netherlands it most likely will get seen as a server.Most countries including mine are in a in a state of wait and see.So its hard to say if this mining is legal or ilegal. So before you start mining you first have to know if it is legal or illegal in your country.
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September 23, 2017, 07:34:33 AM
 #111

Bitcoin mining isn't illegal and there is no law that is occupied to declare bitcoin mining illegal. Those countries that are banning bitcoin can be one of the countries that are implementing that mining is illegal. But for those countries that doesn't see bitcoin as a illegal thing, bitcoin mining is legal and it's good for those people that wants to earn decent profit from their super computers.

Ya I accept this .Bitcoin is not at all illegal .In my country also ,bitcoin is legal.Even I had mining bitcoin for the period of 3 months.Bitcoin mining is good approach for you Future.If you do mining with the Solar panels as a source means,you will get very huge profit.I suggest the new miners to choose the Solar Mining.It is the best for Mining.
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September 23, 2017, 10:18:45 AM
 #112

Bitcoin mining isn't illegal and there is no law that is occupied to declare bitcoin mining illegal. Those countries that are banning bitcoin can be one of the countries that are implementing that mining is illegal. But for those countries that doesn't see bitcoin as a illegal thing, bitcoin mining is legal and it's good for those people that wants to earn decent profit from their super computers.

Ya I accept this .Bitcoin is not at all illegal .In my country also ,bitcoin is legal.Even I had mining bitcoin for the period of 3 months.Bitcoin mining is good approach for you Future.If you do mining with the Solar panels as a source means,you will get very huge profit.I suggest the new miners to choose the Solar Mining.It is the best for Mining.

I cant see that using solar panels would be profitable for long term thinking off that cost of those panels weren't cheap which means it would add up on the expenses therefore the longer roi it would be. Its good if your miners would able to go for long time and wont bust up until you reach roi.This is why I don't really bother on using them even if I do have the money.I would rather choose up the traditional electricity source.



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September 24, 2017, 02:55:15 PM
 #113

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?
Legal or illegal a bitcoin mining, the difference is only in the eyes of the country only.
After all, basically we work, just like the other workers. Mining in bitcoin is considered illegal as possible because of its work activities can not be seen by many people and they call it with lazy word. The general public will most likely assume a person works if his activities look like ordinary workers who use physical, move around, sweat, this is what causes mining in Bitcoin not legalized.
Try to imagine, if all citizens in a country that you live, its activity just in front of pc screen, then what will happen to your country's economy?...

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September 24, 2017, 05:57:47 PM
 #114

No, it is absolutely legal even in China.

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September 24, 2017, 06:50:24 PM
 #115

What is legal and what is illegal?

Is marihuana legal
Is alcohol legal
Is bookmaking legal

And so on. It simple depends on a country.

Everything comes down to government and bills. Whatever those suckers decide is legal/illegal. I don't know where you live but in my country not always logic and common sense wins. Mining for sure doesn't hurt anyone but still it is controversial and many people don't get it so I wouldn't be surprise if some countries bans it and make illegal. But this is a future, a single signal can't stop it, crypto currency is a future...


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Lm2e4
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September 25, 2017, 04:15:07 AM
 #116

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?

Different countries have different valid reason why they make bitcoin mining illegal. I may not know the valid reason why but I guess they think mining can affect their community. But I can't see a reason why bitcoin mining should be illegal, though it only affects the users and not people around them.

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September 25, 2017, 06:36:17 AM
 #117

The short answer: 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.

(https://99bitcoins.com/is-bitcoin-mining-illegal/)

http://crypto.contrib.com
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September 25, 2017, 01:00:07 PM
 #118

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?

could you explain us why it is illegal to mine in your country? and, if you can, tell us what country is this?

I don't consider mining illegal because it is just transforming electricity intro an electronic service (record transactions in the blockchain ledger)
as long as you pay your bills and dont risk another people safety with your installation... what could be the problem?Huh
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September 25, 2017, 01:22:48 PM
 #119

I don't think so. mining is legal!
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September 25, 2017, 02:54:33 PM
 #120

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?

Why not legal? I think Mining is a legal activity. Mining is not a crime...unless you commit a criminal activity to obtain mining tools it's illegal.
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September 25, 2017, 03:36:40 PM
 #121

The question confronting us varies per State or jurisdiction. In my country, if there is no law against it, it is legal for all intents and purposes subject to some local ordinances if there are any. To date, there is no law against the Bitcoin mining business, hence, it continues to operate legally for all intents and purposes. Perhaps, to be wiser about it, you should only concern yourself about the countries that directly and/or indirectly affects your business. Anything over and beyond it is a bonus. Good luck!


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September 25, 2017, 03:37:23 PM
 #122

as long as (once its sold for $$) its claimed on taxes.

if you go outside and find a radio antenna and sell it on ebay your supposed to claim the profits TECHNICALLY lol
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September 26, 2017, 02:25:27 AM
 #123

Depending where. In Venezuela, Ecuador and Russia can get you in troubles. In the rest of the world is totally legal

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September 26, 2017, 02:48:58 AM
 #124

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?

DO NOT! not mine bitcoins is not illegal although I have to say that in some countries this is prohibited, but for this is the mine in the cloud is easy legal from anywhere in the world .. you do not need knowledge about handling the machines of wowing etc. is recommended but if you know how to do it and in your country it is not illegal because luck thank you for reading xd; D

Good luck with your problem friend !!
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September 26, 2017, 03:14:07 AM
 #125

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?

i think, mining is not the reason why your country considered it a illegal work, the main reason is BITCOIN is illegal/not yet accepted/banned for some many reasons that we dont know about in your country. like in my country and based on my experience mining is totally legal work that can provide a profitable source of income like me as individuals who wants to earn money.
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September 27, 2017, 05:06:40 AM
 #126

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?
Mining is legal in most of the countries i know, your case is the rare one because you are from Bangladesh where bitcoin and other cryptocurrencies are illegal still now.
May be your government is not well aware of its use and importance or they are afraid of it because of negative use that's why it is still illegal in your country. BTW wait for the time when your government will start realizing their mistake of banning bitcoin, soon may be it will be legalized there too.

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September 27, 2017, 10:19:20 AM
 #127

yes I do not think it's legal or illegal. which is important how we intentions. if, from the beginning of ugly ya certainly many mudaraatnya. good intentions and always grateful to be given berapun also
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September 27, 2017, 11:37:59 AM
 #128

yes I do not think it's legal or illegal. which is important how we intentions. if, from the beginning of ugly ya certainly many mudaraatnya. good intentions and always grateful to be given berapun also

I did not understand your few words as they were not in English language. Let me tell you one thing as you mentioned about intention, there is nothing to do anything with intention when it comes under law of any country. For example if the country has banned the bitcoin or any business related to be illegal it means mining is also illegal.

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September 27, 2017, 11:22:10 PM
 #129

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?

i think there are some countries that restricts mining  and some says police are raiding their homes to hunt those miners maybe because its agains thier law just like in china they are banning bitcoins and exchanges because they think that its a hindrance to their company or maybe because those people are doing illegal things like stealing electricity because mining tends cost much in terms of electrict consumption.

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September 28, 2017, 12:27:05 AM
 #130

Check to see if your country banned it.

Alloy Reserve, http://alloycoin.com
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September 28, 2017, 06:10:29 AM
 #131

In my country mining looks completely legal because there are simply no regulations about it. If someone is having mining stuff around the people here will be very excited to see what going on because they are completely unaware of the fact that crypto currencies can be mined like this. With such country I dint think that any illegal issues will be raised in the near future. Until that time I believe people who has great knowledge regarding the bitcoin mining will be able to mine freely and at full power. ;-)



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September 28, 2017, 07:23:53 AM
 #132

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.

In many cases, bitcoin is not treated as a currency by governments, but instead as an asset or property. As such, bitcoin is afforded some legal protection, just like any other type of property. In most cases, national governments that have not outlawed bitcoin, have not passed laws regarding bitcoin mining. Globally, with only a few exceptions, bitcoin mining is generally considered to be legal.
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September 28, 2017, 08:06:43 AM
 #133

Check to see if your country banned it.
My country is safe, and some miners have done it a few years ago.
no ban even private tv stations have covered and provided information about mine.


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September 28, 2017, 08:58:48 AM
 #134

It's definitely not illegal. Some countries don't like it when you trade their electricity to bitcoin and the money you make doesn't end up in their banking system right now.
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September 28, 2017, 09:33:41 AM
 #135

 In most cases, bitcoin mining is perfectly legal. Cool
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September 28, 2017, 09:51:04 AM
 #136

It's definitely not illegal. Some countries don't like it when you trade their electricity to bitcoin and the money you make doesn't end up in their banking system right now.

If you pay for the electricity you use for Bitcoin mining then they shouldn't care what you do with that electricity. The problems arise when people start to cheat using electricity of the governmental institutions for mining. Such things happen from time to time in any country, not necessarily in Russia, South America or China. In those cases it becomes illegal because basically you steal the electricity from the authorities.

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September 28, 2017, 11:39:33 AM
 #137

It's definitely not illegal. Some countries don't like it when you trade their electricity to bitcoin and the money you make doesn't end up in their banking system right now.

If you pay for the electricity you use for Bitcoin mining then they shouldn't care what you do with that electricity. The problems arise when people start to cheat using electricity of the governmental institutions for mining. Such things happen from time to time in any country, not necessarily in Russia, South America or China. In those cases it becomes illegal because basically you steal the electricity from the authorities.

Ya some what right.Many Miners cheat the government ,to get more profit and to avoid the Electricity Expenditure. They can afford that with the profit. But they want more profit ,so only they cheat the government. Instead of this ,they can plant a solar panels For Mining. If so they no need to worry about Electricity.
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September 28, 2017, 02:54:53 PM
 #138

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?
Minining is a great source of earning bitcoin. I see mining to be legal and not illegal . But in some countries .. illegal mining can get you into troubles. Like Venezuala .
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September 28, 2017, 02:55:56 PM
 #139

yes I do not think it's legal or illegal. which is important how we intentions. if, from the beginning of ugly ya certainly many mudaraatnya. good intentions and always grateful to be given berapun also
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September 28, 2017, 05:45:12 PM
 #140

Mining is legal and also encouraged in most of countries. Just that the last week or so some people were afraid that the some important cloud mining sites (as for example Hasnest) will be denied to continue mining for western countries. I guess everything now is good and they will continue mining for everyone. As I know in all Europe (not only in Western Europe) mining is legal (I'm from Eastern Europe).
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September 28, 2017, 10:10:21 PM
 #141

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?
Because, the central bank in every country doesn`t want the currency of the country replaced with virtual currency, even today there are still many bank officials who deny the existence of virtual currency including bitcoin, which eventually became a decision "anyone who uses virtual currency including bitcoin is an action illegal "quoted from one of the bank officials.
This certainly has an impact on anything related to bitcoin including mining.

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September 28, 2017, 10:32:22 PM
 #142

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?
Because, the central bank in every country doesn`t want the currency of the country replaced with virtual currency, even today there are still many bank officials who deny the existence of virtual currency including bitcoin, which eventually became a decision "anyone who uses virtual currency including bitcoin is an action illegal "quoted from one of the bank officials.
This certainly has an impact on anything related to bitcoin including mining.
They do not want to recognized the digital currency and do not treat as legal currency because bitcoin has no real paper money that people can hold and used offline. But luckily here in my country bitcoin is not ban even our government is not attached in this kind of currency that is why there are some individuals are building their own mining rigs to increase their income in bitcoin but they are those people have huge capital or rich people can buy high end materials for the mining site.

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September 28, 2017, 11:50:03 PM
 #143

I know mining is a great source of earning bitcoin with some hardware stuff but i am not sure about one thing is mining is illegal in all country ? Like in my country mining is not  legal i just wanted to know why its not considered as legal work ?
Well, I guess it depends on the country where we belong, because every country has it own law. There are some country that mining of bitcoin is legal and there are also not. I guess those country that against in Bitcoin mining are also against in bitcoin because they believe that Bitcoin is being used or run by evildoer.

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September 29, 2017, 12:50:00 AM
 #144

according to me legal, because the world has already know the world. so do not worry Grin Grin Grin Grin

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September 29, 2017, 02:01:44 AM
 #145

Hard to defined it legal or illegal.
Its depend on Gov in your country, where you live, where you mine!
But in this time almost countries accepted it so I would say it's legal!

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September 29, 2017, 02:23:21 AM
 #146

Depends on several things really, mainly focusing on location

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September 29, 2017, 03:24:04 AM
 #147

I have read article that some countries banned bitcoin mining or using bitcoin. In Bolivia, Ecuador, Kyrgyzstan, Bangladesh bitcoin mining and using bitcoin is illegal their central banks and government of mentioned countries bans using of bitcoin in their country. Nowadays bitcoin is known in many countries and some are investing in to it to mine more bitcoins. As long as there is no approved laws against bitcoin in any country, bitcoin is legal. For the future days bitcoin will be known worldwide.
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September 29, 2017, 03:30:58 AM