So I just started ASIC mining in my basement; All electrical done to code and I do plan on having it all inspected . My miners are pulling about 5kw in total 24/7. My typical power usage will essentially quadruple or more next month. Has this caused any issues for people with the utility or authorities? I don't wan a bunch of cops breaking down my door for suspected Grow-Op. Has the utility or authorities ever approached anybody about their power usage in a residence? I would consider myself as a hobby miner, and not a commercial operation.
Making payment with bitcoin and buying real product is the illegal work bro. If you mine the bitcoin and convert it as fiat with the international digital currencies exchange like LBC and all legit option to earn the bitcoin and converting it. For example, now most of the exchanges are asking for the ID proof before you open the trade. So your all transaction will be recorded when moving with the banking transaction when you convert it to fiat cash.
Please don't fear you can really go with the mining process and it will best platform to making bitcoins or other cryptos.
