Post
Topic
Board Legal
Re: FinCEN Publishes Two Rulings on Virtual Currency Miners and Investors
by
reanor
on 04/02/2014, 21:42:41 UTC
It looks like BTCGuild may need to be registered

I'm not sure I agree with you. Could you explain your position please?

I mine for my own purposes. So if I build a pool to mine for my own purposes and attract users that mine for their own purposes, that increase the odds of all of us getting some BTC. I pay the miners their share of the BTC mined and keep a portion for upkeep etc. How is this not for my own purposes.

I am probably missing the boat here and really want to understand it, not argue about it.

Regards

If you are running a pool I think that its still ok, but you can't make money from their mining results, in other words I don't believe you can charge any %. Just my thoughts.