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A very good point was mentioned here, the miners. Is it possible to ID miners? Are they subject to kyc and taxes? I mean , they are generating revenue and distr
by yawaworht1978 5y ago
A very good point was mentioned here, the miners.
Is it possible to ID miners?
Are they subject to kyc and taxes?
I mean , they are generating revenue and distributing/creating assets.
Upon mining, how long is the mined coin anonymous?
- dylkil 5y agoAnyone can buy an asic and turn it on to start mining. The mined coin stays anon as long as the miner has good opsec.
- yawaworht1978 5y agoCan he simply convert it to cash via local Bitcoin? Another thing I wonder, is having an ASIC a guarantee to mine something? I mean new coins/partial coins, not transaction processing.
- dylkil 5y agoThere are plenty of ways to convert to cash anon Most miners join pools. A single asic will never mine a block, so miners pool hashpower together and you get paid out your share of the hashpower.
- yawaworht1978 5y agothanks, curious to hear about the Anom ways of conversion and do they get paid in fiat or Satoshi s typically?