Is crypto mining illegal?

You may want to look into local regulations where you live, but for now, bitcoin mining is legal in the U.S. and most other countries .

Miners are rewarded with 6.25 bitcoins . This number will reduce to 3.125 bitcoins after the halving in 2024. The reward (plus transaction fees) are paid to the miner who solved the puzzle first. This process repeats approximately every 10 minutes for every mining machine on the network.

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 .