The legality of mining cryptocurrencies

Author : Alex De'Baas | Published On : 05 Mar 2021

The mining of cryptocurrency is a profitable enterprise - with proper care of the farm, it brings in 400 - 500 dollars a month.  However, how legitimate is this?  Can a miner get jailed for mining cryptocurrency?  What happens if you exceed the electricity limit?  How to safely mine crypto?  Understanding.

Before plunging into the jungle of legislation and precedents of detention, let's see how things are in the world.  Cryptocurrency is still considered to be something new, but there are gaps.

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