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Author Topic: Is mining illegal ?  (Read 21302 times)
Snipe85
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October 19, 2017, 09:04:48 AM

Well, guys, mining is illegal in many countries... But as of now it is again profitable, the people don't stop, everybody understands that. Wink

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lordcedrich
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October 19, 2017, 10:13:28 AM

In my country mining is legal and the bitcoin starting to be known. But the only illegal is mining without paying their electricity bill instead the people do.

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October 19, 2017, 10:29:53 AM

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 donot know why governments are against mining,i mean if people are getting financially good whats their problem,
Though i am from india and minning is legal here.
Bitcoinjheta
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October 19, 2017, 12:10:25 PM

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 donot know why governments are against mining,i mean if people are getting financially good whats their problem,
Though i am from india and minning is legal here.



Mining is legal depending on the companys completion of the government policies and legal document but of course it differs in every country's environmental policies. With regards to bitcoin mining, I don't think its illegal because it doesnt cause any harm unless you will do it for fraud or scamming.

Marrionbitcoin
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October 19, 2017, 06:38:41 PM

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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October 19, 2017, 07:49:48 PM

I see it is illegal to import mining equipment now in India, soon China might ban mining Sad
xaxistech
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October 19, 2017, 08:28:56 PM

It depends in which country you live, in most of the countries bitcoin and bitcoin mining in general is legal. I would call the government if I were you just to make sure everything is clear.

In many cases, bitcoin is not treated as a currency by governments, but instead as an asset or property.

I hope that helps! Smiley


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yamortsac
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October 20, 2017, 03:46:09 PM

Most of the countries bitcoin mining is considered as legal, but there are also few countries that mining and using bitcoin is illegal. It depends on the government of a country how they see bitcoins. Some governments dont allow bitcoin mining because they think that bitcoin is a fake money which is very not true because bitcoin is actualy a new currency.

scott btc
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October 20, 2017, 07:05:23 PM

Nope, on my county around 15% are know what the bitcoin is, and they don't know about the mining bitcoin/coin too, so it's safe for us to mine with our PC/RIG no one will ask us "what are you doing with that PC"



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guoyu78
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October 21, 2017, 07:24:28 AM

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 ?

Now Bitcoins are becoming more and more famous around the world and many people are accepting it as a good currency so it is becoming legal every where. But still in some countries like Vietnam, Iceland, Kyrgyzstan, Bangladesh, etc bitcoin mining is illegal. people here are allowed to exchange digital currency but mining is not allowed.

Bitcoin mining is a great way to earn money from running hardware machines and it should be legal every where and I hope that one day bitcoin mining will be globally legal and bitcoin will become central currency

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October 21, 2017, 01:02:25 PM

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 mining is not illegal but few persons doing it illegal. so you should be careful. most of the people efforting their money and electricity but few persons it can hacking and doing illegal business. compare to bit coin investing mining is so secure and profitable so in my point of view doing mining business is really good news.if you have to do cloud computing then you get more secure.
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October 21, 2017, 04:39:48 PM

Many governments are unhappy with the mining of crypto currencies and the use of it as they are a huge competitor for the fiat money. A few governments think that they can solve this problem with declaring mining as illegal, but people have still the option to buy it and I am also not able to understand why it should be illegal as it doesn't hurt anyone.

As a private miner you have anyway not much to fear as they can hardly control what you do behind closed doors. If you mine commercial, then the huge consumption of electricity could be suspicious and electricity companies probably have to report to the authorities.

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October 22, 2017, 12:32:10 PM

Why would it be illegal? lol
You're using your own resources just like if you were using your TV

Protected101
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October 22, 2017, 12:58:12 PM

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 ?
In our country bitcoin mining is legal.
I dont think so why other country make it an illegal,many people now is accepting our currency and because of it our value is more increasing many people are investing in bitcoin.Expensive electricity in mining so thats why many people are asking of it but it still earning i higher earnings in bitcoin mining.Someday bitcoin mining will be decentralized and used by others country.

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October 22, 2017, 01:04:08 PM

Ofcourse) Its only legal,non problems with him)
bozo333
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October 24, 2017, 04:50:45 AM

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 ?
In our country bitcoin mining is legal.
I dont think so why other country make it an illegal,many people now is accepting our currency and because of it our value is more increasing many people are investing in bitcoin.Expensive electricity in mining so thats why many people are asking of it but it still earning i higher earnings in bitcoin mining.Someday bitcoin mining will be decentralized and used by others country.

Mining is not illegal. Bitcoin is legal in the country mining also legal. Mining is chine is not accept the legally. But other country is accept the mining legal way to use. Mining is use to the mining process. It will good to more opportunity future improving. Mining is the become growth the networking process. Mining is the useful to the get the more income and more information.   

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October 24, 2017, 05:06:31 AM

It's really strange to think that it's illegal
People are using electricity, paying money for it
Just some goverments worried, that cryptocurrency can be stronger, then usuall currency)

Sorry, if I repeat someth, which was sayd
bizalaz
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October 24, 2017, 08:24:44 AM

I believe that no, since everyone wants to make money and would love to do something similar to make a profit

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October 24, 2017, 07:37:32 PM

I believe that no, since everyone wants to make money and would love to do something similar to make a profit

Everyone wants to make money, I totally agree with you but the governments of different countries have classified which ways to make money are legal and which not. Similarly, whether Bitcoin mining legal or not is dependent upon the fact where one lives and what are the regulations and laws for Bitcoin in that country. So, Bitcoin mining is completely legal in the countries where Bitcoin is legal and illegal where it is declared illegal.

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October 24, 2017, 08:21:19 PM

great thread thanks
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