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CD31: getting started with bitcoin mining with @diverter_nokyc, @econoalchemist, and @roninminer

Citadel Dispatch

CHAPTER

Is KYC Coming to Mining Pools?

If you set up mining on slush pool, what happens whenever you get whenever you're mining and you're earning Bitcoin, that Bitcoin is actually going to slush pool. You're not going directly into your wallet. And then once you hit a certain payout threshold, whatever the case may be, then slush pool transfers you the amount of Bitcoin that you've earned. So I believe regulators will make a move on that front. They will attempt to classify mining pools as money transmitters. And then what they will attempt to do is force mining pools to institute KYC for anybody hooking up to their pool.

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