Since its inception in 2009, Bitcoin's value has witnessed remarkable growth that has captured the attention of most movers and shakers in different industries. Despite the bear market that hit the crypto space last year, Bitcoin’s value has been consistently appreciating since May of 2019 and Bitcoin mining with ASIC miners has been consistent.
Ethereum Mining in 2019:
Cryptocurrency mining is an extremely dynamic industry with its constant updates to hardware, software, pools, price, difficulty, and profitability, making it harder to calculate your returns and always make money mining. ASIC miners have quickly advanced and upgraded, impacting how much ASICs make and therefore how long it would take you to mine a full Bitcoin.
ASIC Miners in 2019
Bitcoin mining is a very dynamic industry with consistent updates to the hardware, software, pools, price and profitability, making it harder to always make money with an ASIC miner. From traditional CPU and GPUs, mining investors have now moved toward ASIC miners as their go-to choice due to their updated chips and hashrate.
Bitcoin mining has greatly evolved since its inception back in 2010. From low tech CPU and hardware, miners are now flocking towards ASIC miners (See here: Best ASIC Miners) to increase their return on investment. Investors are more curious about Bitcoin mining and its feasibility to diversify their portfolios.
Is Bitcoin Mining Legal?
If you are reading this, then you are most likely aware of Bitcoin mining and the relative software miners needed in order to connect their hardware. (If you are new to mining, see here: What Is Bitcoin Mining?) If you are planning to start with Bitcoin mining and have stuck around with its legality, then in short, it is perfectly legal!