This video will give you an idea.
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Do you have a specific question about Monero mining?
I donāt think you need a license, I am not a lawyer but it isnāt regulated at this time as far as I know.
According to http://coinmarketcap.com itās $16.38.
How long it takes depends on what hardware you use, more powerful CPU or graphic card will have some advantage obviously.
It isnāt about how much itās worth now, itās more about speculating how much it will be worth in the future. One Bitcoin didnāt cost anything for a number of years, itās worth north of $1000 today. Monero today is where Bitcoin was in 2011-2012.
It should be noted that these coins are divisible, you can mine and have the mining pool pay out a fraction of the coin, 0.1 Monero for example. There is usually a minimum payment amount, every pool has its own rules.
Sasa put up a thread explaining how to do it, (what is required as in minimum specs, how long it takes to pay out, where one can exchange monero for real dollars, and can it be a venture where one can get paid e.g weekly or monthly e.t.c) like one would explain to a toddler.
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I didnāt even know Monero existed. I have seen that you do not need high specs to min the digital currency. I have a i7 laptop lying somewhere in my house that could do well. How would you go about setting up the hardware and software and how much would you expect to mine in lets say a month??
Iām no expert in tech stuff but I do know this about cryptocurrencies. Buy low, sell high. Mining is a tedious operation that can only turn over a profit if done on large scale. Story za mining na laptop sahau. Since Bitcoin is now beyond the reach for many, look for the next best alternative. Thatās where the money is. If you still feel like mining is your preferred route then join a mining pool. NiHayoTuKwaSasa
bitcoin ni nini?