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Topic: Is mining Illegal? (Read 2898 times)

hero member
Activity: 1078
Merit: 502
October 25, 2012, 08:07:48 AM
#52
Well if it's illegal cops have no idea.... I have been dealing with an officer for the past little while... I got burned on some broken GPU's local.. I called the cops....


I ended up explaining to the cop what I am doing with the GPU's... 
hero member
Activity: 924
Merit: 1000
Watch out for the "Neg-Rep-Dogie-Police".....
October 25, 2012, 07:16:40 AM
#51
Bitcoin mining illegal?   I think you're confusing it with the banking industry. They're getting investigated and prosecuted all over the place, fraud, embezzlement, rate fixing, laundry - you name it. Banks - definitely illegal........ Grin

You have any proof Bitcoin is legal? Post it please, I could not find any in over 30 days now.
I've been looking for a few days now and haven't found any proof that it is legal to eat breakfast either.  Not having proof that something is legal doesn't make it illegal.  In your search to find proof that it is legal, have you happened to find anything proving that it is illegal?
LOL!!!

What about dinner - is that legal?

Peace.
legendary
Activity: 3472
Merit: 4801
October 24, 2012, 09:12:11 PM
#50
Bitcoin mining illegal?   I think you're confusing it with the banking industry. They're getting investigated and prosecuted all over the place, fraud, embezzlement, rate fixing, laundry - you name it. Banks - definitely illegal........ Grin

You have any proof Bitcoin is legal? Post it please, I could not find any in over 30 days now.
I've been looking for a few days now and haven't found any proof that it is legal to eat breakfast either.  Not having proof that something is legal doesn't make it illegal.  In your search to find proof that it is legal, have you happened to find anything proving that it is illegal?
legendary
Activity: 1512
Merit: 1049
Death to enemies!
October 24, 2012, 08:51:42 PM
#49
explaining bitcoin to people is rather difficult considering most people cannot master attaching files to an email.

U srs? Grin
This is absolutely true! I deal with such situations every day. Most of computer users should not be using computers because they will never master them beyond simplest tasks.
sr. member
Activity: 290
Merit: 250
October 24, 2012, 07:21:36 PM
#48

Not Illegal.
hero member
Activity: 924
Merit: 1000
Watch out for the "Neg-Rep-Dogie-Police".....
October 24, 2012, 06:22:39 PM
#47
Bitcoin mining illegal?   I think you're confusing it with the banking industry. They're getting investigated and prosecuted all over the place, fraud, embezzlement, rate fixing, laundry - you name it. Banks - definitely illegal........ Grin
hero member
Activity: 672
Merit: 500
Gems:Crypto
October 24, 2012, 06:08:28 PM
#46
Yes, mining is completely and utterly, absolutely illegal, regardless of where you are located.

That being said, you should all stop your mining activities.

But, so that there is no shortage in the creation of Bitcoins, I would be happy to mitigate the legal risks and continue mining on behalf of the Bitcoin community.

 Grin


hero member
Activity: 1078
Merit: 502
October 24, 2012, 05:40:32 PM
#45
CPU = next to nothing.

Gpu = http://bit.ly/SjbIlG
newbie
Activity: 13
Merit: 0
October 24, 2012, 05:24:24 PM
#44
Anyone know the easiest way to find your computer's mining capability other than mining for days?
hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto
October 24, 2012, 02:41:41 PM
#43
I mine with free electricity at my college dorm room. It's not like I am stealing it they just don't have rules on what to spend the electricity on Tongue
legendary
Activity: 1540
Merit: 1029
October 24, 2012, 02:37:11 PM
#42
Definitely not illegal.
hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto
October 24, 2012, 02:21:41 PM
#41
I'm 12.
I fully understand bitcoin concepts.
Age should never be a problem.
I run a hosting company.
I built my computer.
I mine bitcoins and have fully worked out electric costs and shares per hour.
Never underestimate a kid.

I never underestimate kids. But kids who claim to par with phd knowledge in cryptography and praxeology......

I would suggest you start learn how to be humble and respective. Granted that most 12 years old are just "being kids". But don't forget you are not alone of such achievements. Take pride in what you do and being humble is a golden virtue, or a "bitcoiny" virtue, you might say Tongue.
hero member
Activity: 812
Merit: 1000
I <3 VW Beetles
October 24, 2012, 12:43:56 PM
#40
I'm 12.
I fully understand bitcoin concepts.
Age should never be a problem.
I run a hosting company.
I built my computer.
I mine bitcoins and have fully worked out electric costs and shares per hour.
Never underestimate a kid.

Yep, your like a copy of me Cheesy
I was busy with pc's when I was 5 Tongue

My Share per minute rate is 4.5 per minute.

Happy to have some other ''age related'' people around! Im also 90% in it now (yes I learn very fast)
hero member
Activity: 792
Merit: 1000
Bite me
October 24, 2012, 02:25:36 AM
#39
no it is not illegal
4hrs a day wont get you much it will cost more in electricity
running a client as a relay will help more
being 14 is not a barrier
welcome
sr. member
Activity: 412
Merit: 250
October 24, 2012, 01:03:33 AM
#38
And it's level until the governments start controlling our internets.
Is the worldwide web the law ain't matter here. The currency is virtual. They can't repossess it.
They can't shutdown any physical servers.
The only thing they can do is arrest anyone using a currency better then there currency.
They just envy the success and the fact bitcoin isn't in debt. Jk
But seriously bitcoin is level until governments think they can control internets.
sr. member
Activity: 412
Merit: 250
October 24, 2012, 01:00:08 AM
#37
I'm 12.
I fully understand bitcoin concepts.
Age should never be a problem.
I run a hosting company.
I built my computer.
I mine bitcoins and have fully worked out electric costs and shares per hour.
Never underestimate a kid.
newbie
Activity: 10
Merit: 0
October 23, 2012, 06:55:58 PM
#36
It should be legal.
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
October 23, 2012, 05:09:21 PM
#35
explaining bitcoin to people is rather difficult considering most people cannot master attaching files to an email.

U srs? Grin
sr. member
Activity: 392
Merit: 250
http://casinobitco.in/ A+ customer support
October 23, 2012, 04:52:18 PM
#34
explaining bitcoin to people is rather difficult considering most people cannot master attaching files to an email.
sr. member
Activity: 504
Merit: 250
October 23, 2012, 04:41:44 PM
#33
My six years old daughter told her classmates that I, her father, lets his computer make money. Some of them thought it was a kind of counterfeiting and told her it was illegal. I told her, when she came home, that Bitcoin is a good that one can sell and the value comes from that. Try this with your friends.

Oh, discovering the illusion of value and money. Bitcoin is an eye opener.
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