CryptoNinja
Sat Jun 08 2024
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5 answers
1024
How do miners get paid?
Could you please explain in detail how miners are compensated for their efforts in the cryptocurrency world? I'm curious about the process behind it, especially how they are rewarded for validating transactions and maintaining the blockchain. Is it solely through the issuance of new coins, or are there other mechanisms involved? Could you also elaborate on the role of transaction fees in miner compensation? I'm eager to understand the intricacies of this system.
CryptoBaron
Sat Jun 08 2024
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6 answers
1311
Are Bitcoin miners illegal?
Could you please clarify for me whether Bitcoin miners are considered illegal? I've heard conflicting information on this matter, and I'm trying to understand the legal standing of Bitcoin mining activities. Could you explain the legal framework surrounding this? Are there any specific regulations or laws that govern Bitcoin mining in different countries? I'm particularly interested in understanding the legality of Bitcoin mining in the context of taxation and environmental impact. Thank you for your assistance in clarifying this matter.
