Sentences with phrase «as the bitcoin miners»

He studied Computer Science at the University of Oulu and started in the cryptocurrency sector in 2012 as a Bitcoin miner.

«That creates an opportunity for a malicious owner of a quantum computer put to work as a Bitcoin miner.

Users in the Bitcoin network, known as bitcoin miners, use computer - intensive software to validate transactions that pass through the network, earning new bitcoins in the process.

If Daryl becomes too disabled to continue being a cybersecurity consultant, but is able enough to work as a bitcoin miner, he won't lose coverage.

So, to make money as a bitcoin miner, the only things that really matter are scale and access to cheap electricity.

Bitfury, which started out as a Bitcoin miner, has grown to become one of the largest private infrastructure providers in the Blockchain ecosystem.

Intelligence agencies may build specialized hardware just for brute - force attacks, just as Bitcoin miners build their own specialized hardware optimized for Bitcoin mining.

Such a setup created an opportunity for struggling citizens, as Bitcoin miners can run many transactions and earn at least $ 500 a month.

At the core, it does exactly the same thing as the bitcoin miners.

As Bitcoin miners spend more and more electricity in their endless quest for cryptocurrency, now it appears that the energy consumption of Bitcoin farms around the globe already rivals that of a small country.

As bitcoin miners exit the market, many will be looking to greener pastures with more favorable policies.

Quite simply, this means that Ethereum miners will no longer have to spend on expensive equipment to earn rewards, as Bitcoin miners do.

These same factors impact how much it costs to run the energy - demanding computers known as Bitcoin miners, which crack highly complex math problems to earn Bitcoin.

The new position diverges from the utility's previous efforts to attract companies using large amounts of electricity, such as bitcoin miners, Remy observed.

As bitcoin miners consume an important amount of electricity, some cities, towns and industries shave seen electricity price increases.

Not exact matches

Thomas added that Ripple's own digital currency, known as XRP, is less vulnerable to forks or unpredictable changes because, unlike bitcoin, it relies on voting measures that favor users more than miners.

On August 1, the miners will implement a software update that will create a so - called «fork» and result in two versions of the bitcoin blockchain — and two forms of the currency as well.

As of July 2016, miners compete for a reward of 25 bitcoins approximately every 10 minutes when they successfully solve a puzzle.

The reason is that bitcoin supplies the financial incentive for people around the world, known as miners, to operate the ledger in the first place.

Because its price increases, both its «miners,» whose computers do complex calculations to earn the currency, and those who buy bitcoins from others feel reluctant to use them as currency by spending them.

Popular sites such as Slush's Pool allow small - time miners to receive percentages of bitcoins when they add their computer power to the group.

As CNBC noted, miners not only have to deal with increasing competition and a falling Bitcoin price — they're also being stung by another part of their revenue, transaction fees.

The Financial Times» Alphaville blog recently singled out shares of the chip maker Nvidia, whose products are hugely popular with cryptocurrency miners, as a potential proxy for those looking to short bitcoin.

Every four years, the number of bitcoins released relative to the previous cycle gets cut in half, as does the reward to miners for discovering new blocks.

Miners, the folks who are rewarded new bitcoin for processing payments on the coin's network and running computationally intensive algorithms to maintain the cryptocurrency's security, have consumed more and more power as bitcoin's popularity has soared.

«Labeling Bitcoin mining as a «waste» is a failure to look at the big picture,» Marc Bevand, a bitcoin miner, wrote in Bitcoin mining as a «waste» is a failure to look at the big picture,» Marc Bevand, a bitcoin miner, wrote in bitcoin miner, wrote in a blog.

As a result, Bernstein estimates Bitmain has 70 to 80 percent of market share in bitcoin miners and asics.

As bitcoin's low value has eaten into miners» profit margins, the hardware firm - which also offers hosting services - has doubled down on its core role as an industrial - scale transaction processoAs bitcoin's low value has eaten into miners» profit margins, the hardware firm - which also offers hosting services - has doubled down on its core role as an industrial - scale transaction processoas an industrial - scale transaction processor.

It seems that as more and more Bitcoin ASICs come online, GPU miners are turning their rigs to Litecoin.

This means that if we are running Bitcoin Core and the miners do as they have indicated, we would find ourselves on a minority fork of Bitcoin.

It is challenging for developers to integrate innovative software such as Segregated Witness (SegWit), the BItcoin Core development team's scaling and transaction malleability solution because almost everyone within the network including miners, node operators and developers have to agree to it.

While some miners temporarily «lost coins» as they had been mining on another fork, they were compensated by others in the Bitcoin community.

But running a hosting facility for other bitcoin miners, as Hash the Planet does, is a different matter.

This new currency «hard forked» from Bitcoin about a month ago, as a result of miner disagreements about the future of Bitcoin.

Interestingly, Lee explained how it was a pragmatic decision for Litecoin to use a different algorithm to Bitcoin, as he had seen the significant problems other altcoins had faced when their miners were required to compete with Bitcoin's miners.

Support is measured as a percentage of the total Bitcoin mined over a specific period, with several miners not indicating explicit support for either of the two proposals.

As this software started to gain support, Blockstream organised more meetings, especially with the biggest bitcoin miners and made a pact with them.

As mentioned above, PoW requires large amounts of resources and energy, and pits miners against each other — with each competing to complete transactions the fastest in order to receive a reward (Bitcoin).

Just as in the Bitcoin network, miners are tasked with solving a complex mathematical problem in order to successfully «mine» a block.

These other crypto currencies are expected to become an attractive option to CPU and GPU miners as Bitcoin ASICS come online.

I am the one who got the ruling from FinCEN that US Bitcoin miners didn't have to register as money transmitters.

Remember that this UTXO consolidation cost is not the same as the miner fee included with your initial payment to a bitcoin address.

Many experts viewed this as strange, since Chinese traders and miners take up a large portion of the Bitcoin ecosystem, and the gloomy news should have impacted Bitcoin price in some way or another.

As we showed in our recent article on rising bitcoin miner fees, the cost of processing received bitcoin payments is also rising.

Jani started his Bitcoin hobby as a miner and is one of the founding members of Prasos Oy.

Most users now mine in pools as the chance of finding a Bitcoin block (A group of 25 coins) is very low for most casual miners.

The idea is that miners have enough financial dry powder that they can stomach any drops in the block subsidy as the market tries to determine the new price of bitcoin with supply cut in half.

These miners can be used to currently mine Bitcoin but also other cryptocurrencies such as ZCash.

Bitcoin's algorithm increases the security of transactions as more miners contribute to power the network.

As I understand bitcoin transactions are validated by bitcoin miners, and their incentive to participate in this validation is that they get rewarded with bitcoins.