Is mining for crypto currency legal? 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, but not all U.S. states allow it.
What is crypto mining FX? Close X. Cryptocurrency mining is a procedure that is used to validate cryptocurrency transactions and, at the same time, to create new units of the cryptocurrency. For a transaction between two crypto accounts to be completed and verified, a complex and relatively difficult math puzzle needs to be solved.
Is Elite crypto FX mining legit? Unfortunately, all these companies are scams: Elite FX Bitcoin Mining. FX Global Bitrade.
Is crypto mining a pyramid scheme? A typical structure of pyramid schemes. Bitcoin is NOT a pyramid scheme, as there is no reward and guaranteed returns for buying BTC coins. Be wary of the people who claim otherwise. However, there have been many platforms that used Bitcoin in their scams, but that tells nothing about the coin and technology behind it.