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How Much It Costs To Mine For CryptocurrencyHowever, apart from jurisdictions that have specifically banned cryptocurrency-related activities, very few countries prohibit crypto mining. Our Freeman Law. Bitcoin Mining Regulations. There are no federal laws explicitly prohibiting Bitcoin mining in the United States. Enacting regulation of Bitcoin mining has. Alabama is the first US state to recognize bitcoin as a legal form of currency officially. It also allows mining (with a permit) and exchanges.