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Author Topic: Is mining illegal ?  (Read 24523 times)
jatin729
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November 02, 2017, 03:08:22 AM
 #361

according to me Mining is not illegal because Anyone can start mining without taking any permission just need an hardware and pool.
when bitcoin is ban in your country than mining will be consider as an illegal.

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bitcoinmagneto
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November 02, 2017, 03:44:48 AM
 #362

Yes, for most of the countries mining is legal but in some countries even the possession of bitcoin is considered an illegal act.So it really depends upon the laws upon the laws of country you are living in.

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November 02, 2017, 07:59:11 AM
 #363

according to me Mining is not illegal because Anyone can start mining without taking any permission just need an hardware and pool.
when bitcoin is ban in your country than mining will be consider as an illegal.
IN some countries bitcoin just only ban by using it as official payment method instead of fiat.
So on this way Gov have to use their power to protect it market

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valvevow
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November 02, 2017, 08:30:27 AM
 #364

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 ?
Extraction can and legitimate but the use of bitcoins on is yes. Many restrict or prohibit for the sake of protecting their economy and market without exposing it to danger. Is it really possible now that mining is still profitable, with such prices for farms.
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November 02, 2017, 02:36:55 PM
 #365

mining is legal because you are buying those GPU for mining and after mine for some good time you would have to pay tax if the amount is over the limit and you can always save your mining info to your mining pc. if something happened you can always fight through your date because if its illegal your internet provider or sever thats runs mining pool shouldn't be working in your country.
and I haven't seen any country that worry about small amount money so if something happens it wouldn't be on big level
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November 02, 2017, 02:38:41 PM
 #366

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.



That's right. Every country has their own stance in mining for bitcoins. In the UK, for one, they've legislated that mining is illegal, and thus, any effects or acts related to it would be penalized. In other European and Asian countries, though, mining is legal and is done openly. However, nowadays, I don't think many people do mining because the coins to be mined have decreased availability in the interwebs.

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bizalaz
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November 02, 2017, 03:12:12 PM
 #367

I believe this is legal. Everyone carries on his activities to earn and so on

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November 03, 2017, 12:55:33 AM
 #368

I dont see it illegal ones crytocurrency is not illegal
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November 03, 2017, 06:11:02 AM
 #369

I dont see it illegal ones crytocurrency is not illegal
it depend on the person who are doing mining that through which method and where he are doing mining like for example if he is using electricity which are not authorize for mining or they are stealing electricity then mining is illegal other wise there is no issue in mining. The major problem in mining is electrcity if you have own system or cheap electrcity then its more profitable.

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November 03, 2017, 07:42:33 AM
 #370

Mining will be illegal if the mining company have no permissions in government or license.
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November 03, 2017, 08:05:29 AM
 #371

in my exploration about me the legalization of mining is legally depend onn the country that prohibits bitcoin i think mining is the good source of bitcoin. i think theres not bad minning of bitcoin.there are other countries that are paying close attention to businesses that are prohibited because they protect every market in that country

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November 03, 2017, 09:37:32 AM
 #372

there is nothing wrong in mining bitcoin, as long as we register to government about using computers to mine and pay the taxes, eclectricity, and buying GPU properly,  moreover, many government banned bitcoin so you are not allowed to mine bitcoin due to they want to put bitcoin under control.

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November 03, 2017, 09:39:01 AM
 #373

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 not illegal per se; however, some countries have made it illegal through their laws and legislation. For example, in the UK, I have read that it is illegal to mine for bitcoins, or set-up mining rigs, and many people who do it their are in hiding. On the one hand, mining in Asian countries are widely used as a means of earning bitcoins.

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November 03, 2017, 10:10:51 AM
 #374

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 not illegal per se; however, some countries have made it illegal through their laws and legislation. For example, in the UK, I have read that it is illegal to mine for bitcoins, or set-up mining rigs, and many people who do it their are in hiding. On the one hand, mining in Asian countries are widely used as a means of earning bitcoins.
]

Do you have a source for this?
According to https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory#Europe the UK is just a foreign currency, so why should it be illegal to mine it?


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November 03, 2017, 10:25:15 AM
 #375

Bitcoin mining won't result to any destruction, or any potential danger for the community, instead Bitcoin mining was good source of income. while enjoying your life and spending your time with your family.

For some countries they released some announcement to banned Bitcoin transaction for some reason.
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November 03, 2017, 12:40:27 PM
 #376

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 ?

Unless your country declared mining as illegal then it is legal, by default bitcoin is not prohibited in any country but some of the countries declared it as illegal same goes as mining.
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November 03, 2017, 01:02:05 PM
 #377

it can be illegal only where the cryptocurrency is forbidden ... in all other cases it is not only legal, but a good source of income...if there is a capital to invest initially


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November 03, 2017, 02:22:58 PM
 #378

Does anyone know if it's legal in Russia?
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November 03, 2017, 06:48:47 PM
 #379

İs mining legal? Smiley  what a question? Smiley 

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November 03, 2017, 07:55:34 PM
 #380

i can't see any reason that make mining illegal ! for exemple in country mining is legal ! there is no laws about it ! i am sure my government doesn't even know what bitcoin is
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