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Author Topic: Is mining illegal ?  (Read 24339 times)
Egayerm
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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
 #82

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.

CMIIW  Smiley

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amktt
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September 21, 2017, 03:45:32 AM
 #97

move to china man    Grin Grin

cryptofinch
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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. 
ocid
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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.

FLY7
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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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