Is Bitcoin mining legal??
- Thread starter Minahb
- Start date
Finger Geek
Verified member
It is very legal to mine bitcoin. The only way that bitcoin is generated is through mining and miners have been mining since the very first day of bitcoin.
There are some countries now like El Salvador, United States of America and some other countries like that that are mining bitcoin.
But there was a problem as people were complaining about the energy been consumed by mining rigs and it is also said that the mining effects of bitcoin might be causing damaged to the climate. This has also made Ellon Musk to paused accepting cryptocurrency as a mode of payment to fight against it.
But as technology is advancing every day by day now. There have been improvement in the mining rigs as it is now using green energy which reduces the energy been consumed and also reduces the damages that it might be causing to the atmosphere. Now because of this new improvement, Ellon Musk has continued accepting the payment of there products with cryptocurrency which is mainly bitcoin and dogecoin.
Mining is one of the most profitable investment and like I always like to call it salary for life because once it is set up. It will continue to generate bitcoin everyday while we do nothing.
There are some countries now like El Salvador, United States of America and some other countries like that that are mining bitcoin.
But there was a problem as people were complaining about the energy been consumed by mining rigs and it is also said that the mining effects of bitcoin might be causing damaged to the climate. This has also made Ellon Musk to paused accepting cryptocurrency as a mode of payment to fight against it.
But as technology is advancing every day by day now. There have been improvement in the mining rigs as it is now using green energy which reduces the energy been consumed and also reduces the damages that it might be causing to the atmosphere. Now because of this new improvement, Ellon Musk has continued accepting the payment of there products with cryptocurrency which is mainly bitcoin and dogecoin.
Mining is one of the most profitable investment and like I always like to call it salary for life because once it is set up. It will continue to generate bitcoin everyday while we do nothing.
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