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 long does it take to mine 1 bitcoin?
How Long Does It Take to Mine One Bitcoin? In general, it takes about 10 minutes to mine one bitcoin. However, this assumes an ideal hardware and software setup which few users can afford. A more reasonable estimate for most users who have large setups is 30 days to mine a single bitcoin.
Read moreIs Bitcoin mining legal?
Is Bitcoin Mining Legal? The legality of Bitcoin mining depends entirely on your geographic location . The concept of Bitcoin can threaten the dominance of fiat currencies and government control over the financial markets. For this reason, Bitcoin is completely illegal in certain places.
Read moreIs mining bitcoin profitable?
In simpler terms, crypto mining is five times more profitable than it used to be three years ago . Forward to 2020. One BTC was equivalent to $95.00. And the daily earnings of a crypto miner were around 0.0008 BTC.
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