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 moreHow much does an ETH mining rig cost?
Profitability of mining With one graphics card, the rig we built costs roughly $1,400 . Tack on five more GPUs, and the price rises to $4,400. If the rig runs at full capacity with all six GPUs, it can earn about 0.348 ETH/month, which, at this week’s peak price, is roughly $1,522.
Read moreCan you mine Ethereum on your own?
Technically, anyone can mine on the Ethereum network using their computer . However, not everyone can mine ether (ETH) profitably. In most cases, miners must purchase dedicated computer hardware to mine profitably.
Read moreIs it illegal to mine cryptocurrency?
If you are wondering whether bitcoin mining is legal, the answer is yes in most cases .
Read moreIs Ethereum legal?
Cryptocurrencies like Bitcoin or Ethereum will never become a legal tender , Finance Secretary TV Somanathan told ANI adding only the digital rupee issued by the Reserve Bank of India (RBI) would be the legal tender. Speaking to ANI, Finance Secretary said, “Digital rupee will be backed by RBI which will never default.
Read moreWhat is the most profitable crypto mining rig?
#1) Antminer S19 Pro This is given the highest hash rate, efficiency, and power consumption. At the power efficiency of 29.7 J/TH, this crypto mining hardware generates a profit of $12 daily with an electricity cost of $0.1/kilowatt.
Read moreHow much Ethereum can I mine a day with a 3080?
With the non-LHR version, you should mine around 0.0019 ETH per day currently (or 0.054 ETH per month).
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