There are few, if any, jurisdictions in the U.S. where possession of cryptocurrency is illegal . Plattsburgh, New York, however, is likely the only city in the U.S. to impose a ban (temporary) on cryptocurrency mining. Also, the U.S. Marine Corps banned crypto mining apps from all government-issued mobile devices.
Read moreCan I mine my own cryptocurrency?
Despite the latest hardware and software, an individual would not be able to mine Bitcoin . Large mining farms backed by major mining companies are not competitive for small miners. A Bitcoin mining pool provides a solution. The group can use the combined computing power of individual miners to compete collectively.
Read moreIs coin mining real?
However, it’s not profitable for most people as mining is a highly specialized industry. Most Bitcoin mining is done in large warehouses where there is cheap electricity. To be real: Most people should NOT mine bitcoins today .
Read moreIs crypto mining actually profitable?
As time goes on, mining Bitcoin becomes more difficult, as more miners compete for the next block reward. Today, mining Bitcoin as an individual is rarely profitable unless someone has access to extra low-cost electricity .
Read moreWhich crypto mining is most profitable?
Comparison of the Most Profitable Coins to Mine CryptocurrencyRewards per blockEstimated daily profitabilityBitcoin2.5 BTC$6 to $11 per with Nicehash.Monero4.99 XMR10 mHz hash rate.Ravencoin5,000 RVNs$4.40 per day with 70 MH/s of hash rate.Haven Protocol5.0906 XHVs.$1.9 with 100 H/s hash rate.10 BEST Cryptocurrency to Mine with GPU [Most Profitable] www.softwaretestinghelp.com › cryptocurrency-to-mine-with-gpu
Read moreWhat is the most profitable thing to mine?
Bitcoin is the most profitable coin to mine currently , although not if you’re an individual miner, in most cases. Bitcoin mining is extremely competitive, requires specialized hardware in the form of ASIC (Application Specific Integrated Circuit) rigs, and requires cheap electricity in order to maximise earnings.
Read moreIs bitcoin mining legal in the US?
There are few, if any, jurisdictions in the U.S. where possession of cryptocurrency is illegal . Plattsburgh, New York, however, is likely the only city in the U.S. to impose a ban (temporary) on cryptocurrency mining. Also, the U.S. Marine Corps banned crypto mining apps from all government-issued mobile devices.
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