Post
Topic
Board Bitcoin Discussion
Re: FinCEN addresses Bitcoin
by
mpfrank
on 20/03/2013, 02:02:54 UTC
tl;dr...  bitcoins are legal


And you need a +$1million dollar worth money transmitter license if you want to mine and sell them for fiat  Roll Eyes

So, the way I read this, only mining pool operators or solo miners would need to do this.  If you're just participating in a mining pool, you're not technically engaged in mining yourself, you are just selling a computational service of processing work units and producing shares.  Only the mining pool operator is actually producing new Bitcoins (putting the new block together); you as an individual pool contributor aren't.