Directly following last month’s Bitcoin 2013 conference event in San Jose, CA that brought good revenue into the state, California’s Department of Financial Institutions decided to issue a cease and desist warning to conference organizer Bitcoin Foundation for allegedly engaging in the business of money transmission without a license or proper authorization.
Probably OK to still mine your own coins with PiMiner 🙂
Stop breadboarding and soldering – start making immediately! Adafruit’s Circuit Playground is jam-packed with LEDs, sensors, buttons, alligator clip pads and more. Build projects with Circuit Playground in a few minutes with the drag-and-drop MakeCode programming site, learn computer science using the CS Discoveries class on code.org, jump into CircuitPython to learn Python and hardware together, or even use Arduino IDE. Circuit Playground Express is the newest and best Circuit Playground board, with support for MakeCode, CircuitPython, and Arduino. It has a powerful processor, 10 NeoPixels, mini speaker, InfraRed receive and transmit, two buttons, a switch, 14 alligator clip pads, and lots of sensors: capacitive touch, IR proximity, temperature, light, motion and sound. A whole wide world of electronics and coding is waiting for you, and it fits in the palm of your hand.
Python for Microcontrollers — Python snakes its way on the SparkFun SAMD21 Mini, Hackaday.io, 10k thanks, and Tim’s magazine #Python #Adafruit #CircuitPython @circuitpython @micropython @ThePSF @Adafruit
Get the only spam-free daily newsletter about wearables, running a "maker business", electronic tips and more! Subscribe at AdafruitDaily.com !
Aww… that’s cute.
The article says that the Bitcoin Foundation does not own, control, or conduct money transmission business. The author doesn’t stop to consider: Who does process bitcoin payments, anyway?
Bitcoin miners (collectively) process bitcoin payments.
So technically, California’s Department of Financial Institutions _should_ have sent that C&D notice to every single person currently mining bitcoins in California.
Until something like that happens (I wouldn’t hold my breath), yes, it probably is okay to mine your own coins with PiMiner. Or any other hardware, for that matter.