Sentences with phrase «bitcoin mining efforts»

Not exact matches

This effort led to nonexistent seminars, fake cloud mining services and fabricated lottery schemes that included bitcoin and other digital currencies.

Bitcoin miners invest enormous amounts of money and efforts into developing and maintaining bitcoin mining haBitcoin miners invest enormous amounts of money and efforts into developing and maintaining bitcoin mining habitcoin mining hardware.

It's a competitive process, with one miner receiving the award, currently 12.5 bitcoins, roughly every 10 minutes, so there's a strong incentive to throw as much processor power — and thereby electricity — at the mining effort.

Bitcoin Gold also emerged as an effort to decentralize Bitcoin further, enabling GPU mining and reaching an all - time high of USD 490 and a market cap of nearly USD 6 billion.

[citation needed] and «the bitcoin blockchain is protected by the massive group mining effort.

So far, most bitcoin companies, mining pools, users and bitcoin developers seem uninterested in the effort.

After almost two years in bitcoin mining, he believes it is not anymore worth the effort:

China might not have welcomed the crypto phenomenon with open arms but it has remained to be one of the biggest bitcoin mining what sources where miners flock in for solving complex mathematical riddles using their computer and are awarded in terms of virtual coins for their efforts.

A legal effort to sue bitcoin mining firm KnCMiner over product refunds has been dealt a blow in Sweden, court documents reveal.

The same report also said the central bank would soon require government bodies at different levels to survey and report on the number and locations of bitcoin mining facilities within their territories in an effort to shut down such activities.

Bitcoin Gold also emerged as an effort to decentralize Bitcoin further, enabling GPU mining and reaching an all - time high of USD 490 and a market cap of nearly USD 6 billion.

A democratic system would encourage casual Bitcoin users to mine periodically with their personal computer, and both the user and the system would benefit: the server would receive the extra support of the casual users» mining operations, while the user would receive extra cash for his efforts.

The efforts put in the bitcoin mining process determines the difficulty level of the whole drill.

The efforts of the State Duma have been bolstered by a mandate from Putin himself, issued in October 2017, urging development of a «single payment space» within the Eurasian Economic Union (an alliance of countries including Armenia, Belarus and others), increased scrutiny of token sales, as well as licensing of bitcoin mining operations.

Bitcoin miners invest enormous amounts of money and efforts into developing and maintaining bitcoin mining haBitcoin miners invest enormous amounts of money and efforts into developing and maintaining bitcoin mining habitcoin mining hardware.

It modified the Bitcoin network design to use the ASIC - resistant PoW algorithm Equihash in a stated effort to reduce mining centralization.

Before the thefts became apparent, the team behind bitcoin gold - an effort to create a new version of bitcoin that would restrict the types of hardware that can be used for mining - promoted mybtgwallet.com on their Twitter account, assuring users that it was safe to use on multiple occasions.

Russia officially enters the cryptocurrency mining space to influence protocol developments and shift the focus away from Bitcoin in an effort to keep more Russian capital onshore.

China continues step up their efforts to crackdown Bitcoin exchanges — maybe even extending the ban to mining — according to a report by WSJ.

He / she / they might own a significant number of coins, but just as bitcoin mining and transaction confirmation is decentralized, so is the work and effort which has brought it along this far.

Mining Bitcoins is a global effort, so even if mining is banned somewhere, the total amount of Bitcoins does not change, and so the global price will not fluctuate, an industry insiderMining Bitcoins is a global effort, so even if mining is banned somewhere, the total amount of Bitcoins does not change, and so the global price will not fluctuate, an industry insidermining is banned somewhere, the total amount of Bitcoins does not change, and so the global price will not fluctuate, an industry insider said.