Are Litecoin LTC Miners Legal

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Dec 12, 2017 Watch video What Is Litecoin And Why Is LTC. Miners who use hardware to run Bitcoin’s network cannot switch over to Litecoin. This keeps bigger mining. Based on this link here you can mine LTC with a GPU using cgminer but needs to be. This guide reveals how to buy litecoin. Although several companies say they are planning to launch scrypt ASIC miners. But most of them only allow BTC/LTC. You can read announcement about legality of bitcoin in UAE: The Legal Status of Bitcoin in the United Arab Emirates Al-Mirsal However, no one would know that you.

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For more information on this rule, click. • Please post your configs if you are asking for help, or if you are submitting pictures of your mining rig. For more information on this rule, click and. Related Subreddits: • • • • • • • • • • • • • Where to Buy/Sell Litecoin: • • - USD, GBP, EUR • USD, EUR, KRW • VaultofSatoshi NOW CLOSED • - AUD, CAD • - BTC, CAD • - BTC, USD • - BTC, USD CURRENTLY INACTIVE • - BTC, NIS • - GBP • X-BT NOW CLOSED • Bter INACTIVE Join us on IRC: Download: Join: irc.freenode.net #litecoinmining. Bitcoin Cash BCH Mining Workstation. Hi there fellow redditors, I was asked by a friend to build a litecoin mining rig for him. After some research I figured out what components to buy for him but there is one question still remaining.

Because bitcoins and litecoins are fairly new and there are not really any laws specificly reffering to this currency I was wondering if it is legal. If it isn't legal that means I'm accessory by building the rig for him.

I have looked around on reddit and searched on google but there are lots of threads claiming it is legal and illegal. I'd be great if somebody could clear this up for me. Mining litecoins is legal.

But if you sell your coins for cash then you are legally obligated to decare it. Different countries will treat it differently, but if there isn't any laws in place then your best bet it to treat it as a capital gain (and thus you need to pay capital gains tax which is usually at a lower rate than standard income tax). Though if you don't make much money then your litecoin earnings may still be within your un-taxed allowance.

Is Bitcoin legal? Bitcoin Books. The number of miners rapidly increased and litecoin thrived for the past 4 years. So you think LTC will appreciate 100x and.

Litecoins (and bitcoins) can get you in trouble if you use them to evade tax or buy illigal things with them. If you don't do these things then they are as legal as standard fiat currencies (in most western countries at least).