LitecoinLodestar
Sat Jun 08 2024
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6 answers
1499
Is Bitcoin mining legal in Malaysia?｜This brings it under the purview of the Malaysian Securities Commission, which has recognised several crypto exchanges for Malaysians to trade in. While mining crypto may be legal (so long as you are paying your electricity bills), other laws and by-laws might prohibit where it can be done.
Is it permissible in Malaysia to engage in the mining of Bitcoin? Given that the Malaysian Securities Commission oversees this domain, having authorized several cryptocurrency exchanges for Malaysian traders, does it suggest a certain degree of legality? While it appears that mining cryptocurrencies may be lawful, presuming one is accountable for their electricity expenses, are there any other statutory regulations or subsidiary laws that might restrict the locations where mining activities can take place?
NebulaNavigator
Sat Jun 08 2024
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6 answers
1498
Does bitcoin mining hurt your PC?
Could you please elaborate on whether bitcoin mining poses any harm to personal computers? I'm curious about the potential impact it might have on hardware components such as the processor, graphics card, and cooling system. Additionally, I'm interested in understanding the long-term effects it could have on the lifespan of a computer engaged in mining activities. Could you also discuss any potential risks associated with bitcoin mining, such as overheating or electrical surges? Thank you for addressing these concerns.
CryptoWanderer
Sat Jun 08 2024
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7 answers
1937
How much money can you earn from Bitcoin mining?
Could you please enlighten me on the potential financial gains of Bitcoin mining? I'm quite curious about the amount of money one could potentially earn through this process. Could you estimate or provide a range of the possible earnings, considering factors such as the cost of equipment, electricity consumption, and the current market value of Bitcoin? Also, how does the difficulty level of mining affect these earnings? Would it be feasible for an individual or a small-scale operation to make a profitable business out of Bitcoin mining? Thank you for your insights.
SakuraTide
Fri Jun 07 2024
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5 answers
817
Is crypto mining legal in the UAE? |While , the UAE emerged as a pro-Bitcoin mining jurisdiction in the Middle East in 2023. At the time, data showed that the UAE's combined Bitcoin (BTC) mining capacity was around 400 megawatts, 4 % of Bitcoin's global hash rate.crypto mining is prohibited on farms
Is crypto mining legal in the UAE? It's a question that many investors and miners are eager to know. The UAE has indeed positioned itself as a pro-Bitcoin mining jurisdiction in the Middle East in 2023. At that time, statistics revealed that the country's combined Bitcoin mining capacity reached approximately 400 megawatts, accounting for 4% of the global hash rate. However, it's worth noting that crypto mining is prohibited on farms. This leaves some uncertainty as to the exact legality of crypto mining in the UAE, and it's advisable to consult local regulations or legal experts for clarification.
Daniele
Fri Jun 07 2024
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7 answers
1639
Is Bitcoin mining profitable on phone?
Could you please elaborate on the profitability of Bitcoin mining using smartphones? I'm curious to know if it's a viable option for generating income, given the limited computing power and battery life of mobile devices. Are there any specific apps or software that can make the process more efficient? Also, what are the potential risks and drawbacks associated with mobile Bitcoin mining? Thank you for your insights.
