At present, U.S. federal regulations specifically address the legality of mining cryptocurrency. However the Internal Revenue Service (IRS) has issued specific guidelines on the tax treatment of earnings generated by mining. In the end, the Internal Revenue Service (IRS) considers cryptocurrency mining to be self-employment. It requires that miners declare their profits as tax-deductible income.

Mining legality for cryptocurrency differs from state to state. Although some states have enacted laws that regulate cryptocurrency mining, other states have yet to have to deal with the issue. To ensure that miners are in compliance with local law miners must be aware of what rules and guidelines apply within their respective jurisdictions. The parties recognize and agree to abide by all state, local as well as federal laws and regulations which govern bitcoin mining across the United States.

Each party is responsible for ensuring their mining operations are secure and legal as well as obtaining any required permits or licenses. Mining equipment and mining hardware does not require specific regulations. But, adhering to the safety and environmental guidelines set in local government is essential.

New York became the first state in the U.S. in 2015 to adopt BitLicense regulations, which set the stage for state-level cryptocurrency regulators by giving authorities from the N.Y. Department of Financial Services the power to grant licenses as well as oversee and penalize cryptocurrency companies.