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Author Topic: Is mining illegal ?  (Read 21641 times)
9ine
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October 02, 2017, 10:56:01 AM
 #181

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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October 02, 2017, 11:46:19 AM
 #182

NO, as i know mining is legal in all countries
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October 02, 2017, 12:17:50 PM
 #183


What about China after today? They restrict only ICO or there will be problems with mining also?
I am pretty sure that would be the last thing china would do. They are like the world power of bitcoin mining rigs right now with the biggest of rigs so ever found in china. So banning that right now, is like trying to really step on toes.

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October 02, 2017, 02:09:13 PM
 #184

Mining of bitcoin legal since you spent your money buying the required software and farm etc. The only thing which could make mining illegal is if the government of a country did not legalize bitcoin in such country mining might not be legal.

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albertvert
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October 02, 2017, 06:12:58 PM
 #185

Mining of bitcoin legal since you spent your money buying the required software and farm etc. The only thing which could make mining illegal is if the government of a country did not legalize bitcoin in such country mining might not be legal.


No mining is not an a illegal bacause 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 and In some countries, mining is legal, in others it`s not. If the crypto currency law and the prohibition of bitcoins has not yet been created, then mining is considered a legitimate phenomenon so mining is not illegal .
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October 02, 2017, 07:39:08 PM
 #186

The mining process is in principle similar to having a truck or taxi vehicle, which then the vehicle is used to search for passengers / goods, if the vehicle (hardware mining) and fuel (electricity) is halal should the whole process be so kosher, but may be not kosher if the vehicle / mining equipment that was turned out we are leased at cloudining service provider in the form of criminal or HYIP / Ponzi / Money game because it is not clear the origin, legality of the owner, and done with a contract form of usury
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October 02, 2017, 10:14:12 PM
 #187

I find it absurd if a country makes it illegal. Its most probably through fear of their own currency crashing and failing.

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October 02, 2017, 11:13:21 PM
 #188

I find it absurd if a country makes it illegal. Its most probably through fear of their own currency crashing and failing.

It can happen but yeah it's quite weird if they'll say that you are adding pollution to the Earth by causing your rig to contribute noise and heat pollution. Mining of gold, silver and other precious metals can be illegal if you don't have a permit to the environment sector of your government. But in mining of bitcoin, there's no need to comply on this thing since you are just mining with your hardware.  Wink

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Egayerm
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October 03, 2017, 06:09:55 AM
 #189

In most cases, bitcoin mining is perfectly legal. In a few countries, however, bitcoin mining, it will be illegal if your use of bitcoin in wrong activities and violates the law of bitcoin.
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October 03, 2017, 07:09:45 AM
 #190

As far as I know it is legal if you obey the rules to convert it.

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October 03, 2017, 07:19:47 AM
 #191

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 .
Seriously? Planting a solar panel for my own benefit means I am cheating the government ? I paid for the solar panels, I service it every single time, so it is my decision to want to switch to solar panels unless solar panel is now considered illegal though.

 Moreover, it is a free world and every one can find what works best for them without the government breathing down one's neck. If the government infrastructure is not paying me, why will I want to stick with it when I find something else that pays.


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Bezdonov Art
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October 03, 2017, 03:50:45 PM
 #192

While not officially banned for personal use but discouraged. This seems to be the most common thread in nation-states throughout the world. Trust the central bank’s currency and do not trust cryptocurrency. If you trust your country’s central bank to look after your economic interests, you’re golden. If not, at least you have a choice. Your central bank’s national currency, or bitcoin.
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October 03, 2017, 04:00:38 PM
 #193

 Mining should not be illegal.

Crypto currency is not stopped and banks/governments can not stop even though they are against it.

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October 03, 2017, 08:33:44 PM
 #194

"Mining" bitcoins is indeed legal since the government has nothing to do with it so they cant regulate or make laws towards "Mining" them. All they can do is ban them. I hope that has answered your question.
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October 04, 2017, 02:00:25 AM
 #195

NO, as i know mining is legal in all countries
i wouldn't be so sure about that
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October 04, 2017, 02:35:27 AM
 #196

I really cant find a reason why it would be illegal...especially in the developet countries. You are not creating a prejudice for anyone so i dont know why it would be legal. Anyway , the goverment will always be interested if you make some money after a certain point...that it is when you should worry a little bit.

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October 04, 2017, 04:42:35 AM
 #197

mining should not be illegal and now in mostly countries government are also making plan to involve government in mining because people have a lot on interest in it and no one can ban it.

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October 04, 2017, 05:21:51 AM
 #198

Is mining illegal?

I do not think so long as there is no state regulation on bitcoin mining so it is still allowed what other bitcoin mines are different from other mines that use natural resources and if done excessively will damage nature differently from bitcoin mines using sophisticated computer equipment and using cooling which are many and do not use raw materials for oprasi so that it is safe to do and not in the bad impact for bitcoin mining. so can make sure bitcoin mining is legitimate.

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October 04, 2017, 07:34:11 AM
 #199

 Well, In my opinion, mining isn't an illegal thing, it includes a complete only transaction history so anyone can track this entry, it is a complete "White" task. When it comes to some countries where the whole bitcoin is termed as illegal so really can't help it. But in my opinion, Different countries have different rules and regulations on acceptance over Bitcoin Mining.
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October 04, 2017, 07:39:25 AM
 #200

I have checked with lawyer, in Ukraine it is legal
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