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Author Topic: Is mining illegal ?  (Read 23724 times)
RougeonMining
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November 11, 2017, 08:53:45 PM
 #421

I think it will be regulated in many countries soon, but I think the governements will rather get some money by tax then totally ban the mining.
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sathvik112
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November 11, 2017, 11:58:19 PM
 #422

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.



Few Pre-Considerations are required to follow before running a mining farm.
Plan with how many mining rig you are going to start.
If you are using >8 mining rigs you are technically consuming lot of wattage and heat that consume a weed plantation.

Once you are done with estimation and planning to make yourself secure from illegal activities ensure the below.
Get legal advisory from an advocate if its a large scale firm. Know the laws about crypto currency and mining in your country.
Do report if you are consuming a larger doses of electricity usage to avoid police knocking the door to check you had a weed plantation or not.
Ensure you had a higher power limit, You need to use about 185 kwh per transaction.

Making things legal or illegal is your choice to choose on basing the rules and amendments available in your country.
Shendy23
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November 12, 2017, 07:30:47 AM
 #423

It really depends on the country if they will ban the bitcoin and the mining of it.  Here in Philippines there is no official law yet that is prohibiting people on mining the bitcoin. So it is still legal.

Other kind of mining must have documents before mining. 😊

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cryptha94
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November 12, 2017, 08:41:23 AM
 #424

The process is legal. it becomes illegal because it has no tax but does not mean it is illegal to do so
Abut88
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November 12, 2017, 11:47:24 AM
 #425

mining there is illegal and also there is a legal, for it must be careful first before mine, do not be fooled with a scam!
Jeck04
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November 12, 2017, 12:07:20 PM
 #426

Illegal mining sometimes at the beginning they give free to attract the miners, for that the miners do not be tempted by the free, because they do not know they are legal or not, remember wary of fraud!
H0neybear
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November 12, 2017, 05:09:27 PM
 #427

In my experience some bitcoin exploration is legal however it only pay you too small cash.but many of them are nit lawful or rip-off.
Mikwik
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November 12, 2017, 06:09:48 PM
 #428

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.



Few Pre-Considerations are required to follow before running a mining farm.
Plan with how many mining rig you are going to start.
If you are using >8 mining rigs you are technically consuming lot of wattage and heat that consume a weed plantation.

Once you are done with estimation and planning to make yourself secure from illegal activities ensure the below.
Get legal advisory from an advocate if its a large scale firm. Know the laws about crypto currency and mining in your country.
Do report if you are consuming a larger doses of electricity usage to avoid police knocking the door to check you had a weed plantation or not.
Ensure you had a higher power limit, You need to use about 185 kwh per transaction.

Making things legal or illegal is your choice to choose on basing the rules and amendments available in your country.

Excellent post sathvik!
To be added we have to understand mining process is illegal as there is no tax.
However it depends on country and a question of banning/accepting bitcoin.
Before you think about mining bitcoin make the calculations reference visit coinware .
The communist government in Venezuela has been taking down miners.
The miners in Venezuela are treated as criminals and their machines seized, several knockouts, some mines have been dismantled.
There is no legal security for property and mining bitcoins they consider stealing electricity from government.
Electricity in Venezuela is close to 0.003$, even in some countries there is no official law not to mine bitcoins, we can consider it is still illegal, also few shops in Tokyo had a sign boards stating bitcoin accepted here.
We can consider bitcoin as the future and we can make profits.
The major priority we need to focus on pre-considerations before starting a mining.
It's better to consult an advocate, follow the amendments and take health safety for doing mining better having weed plantation.
Legality helps avoiding a risk factors.
ana zay
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November 13, 2017, 02:03:23 AM
 #429

 i think Legal as long as the electricity used for mining equipment and all other equipment does not come from illegal / criminal activities / etc.
the mining process is in principle similar to having a taxi vehicle then the vehicle was in use to search for passengers if the vehicle and its own fuel where the origin is clear and no element of fraud.
civilufo
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November 13, 2017, 02:07:51 AM
 #430

I have no idea why this topic can be discussed so long... Which country has declared that mining is illegal now?

dietmarfritz59
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November 13, 2017, 02:13:39 AM
 #431

It is legal in the Unites States. However the technology to mine the bitcoin is quite expensive, so it will take years to even turn a profit.

Looking for the next great investment
SamsungBitcoin
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November 13, 2017, 05:05:36 AM
 #432

I have no idea why this topic can be discussed so long... Which country has declared that mining is illegal now?
Those country which bitcoin was declared banned if they continue to mine that is already illegal it is against the law.
Lots of people are lazy to back ready that is why this thread continue to bump, even we all know the answer for this simple question newbie are continue asking and spam this thread.

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darewaller
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November 13, 2017, 06:52:26 AM
 #433

How is it not legal? No one can say that mining is illegal. After all, you make money by creating your own efforts.
As we cannot consider bitcoin as illegal because still most of the countries have not yet given any official statement about it. So same is the case for mining, in fact in most of the states specially underdeveloped countries people do not have any idea about mining as it is not yet too much popular there, therefore I do not think that we can consider it as legal or illegal.

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kevin go
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November 13, 2017, 09:04:49 AM
 #434

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 ?


According to my knowledge their is many countries where mining is legal. Most of the countries where mining is illegal the issue is taxation. Because due to mining taxation can be easily avoided and as you know it is clearly illegal. But mining has many benefits.

Titanos
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November 13, 2017, 10:19:03 PM
 #435

No it is not because it's just machines doing maths. I think what's illegal in some countries is the electricity abuse not mining itself.

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Bitcoin-oasis
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November 13, 2017, 11:23:45 PM
 #436

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Mexim
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November 14, 2017, 02:38:58 AM
 #437

What do you mean illegal in your country ? Do you have a legal act that bring anyone that mining to jail?
Duda0726
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November 14, 2017, 07:59:36 AM
 #438

The government doesn't regulate it.But lots of people steal electricity for mining and be caught.
katarin2030
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November 14, 2017, 08:45:25 AM
 #439

Again it depends on the which part of world, means which nation you are speaking, mining is legal in some nations but illegal in few others. 
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November 14, 2017, 10:49:41 AM
 #440

Again it depends on the which part of world, means which nation you are speaking, mining is legal in some nations but illegal in few others. 

I thing it not a illegal. So you will use for future purposs and improve your self. But you will know the mining process and how to handle the mining. It good to use for the network process. Software is important for the mining process and working process. First you will know the process. Before you use the mining you will gather the mining information.

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