Sentences with phrase «bitcoin miner»

As these next generation of bitcoin miners come online, it is expected that the difficulty will continue to counteract the additional hash rate in the network.

It may cause serious problems for bitcoin miners who sell bitcoins to pay for their electricity and hardware costs.

Other bitcoin miners in the region say they were drawn by promises of cheap power, a circumstance that's now subject to possible change.

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.

To be clear, the county doesn't have a problem with bitcoin miners who have gone through the proper channels for approval.

For background, bitcoin miners use high - power computers to compete to add blocks of transaction data to the bitcoin blockchain.

Let's hope the Chinese bitcoin miners work hard this weekend to clear the cache while the rest of us party.

Many bitcoin miners suffer from the crash of the cryptocurrency market, as proceeds from mined bitcoins do not cover their operating expenses due to the drop in the bitcoin price.

It's not yet clear how bitcoin miners in the region are taking the news.

According to research, bitcoin miners make a staggering $ 845 million each year.

From the early days of mining using a laptop computer, now bitcoin miners are setting up industrial - sized data centers with hundreds of thousands of high - powered, specialized machines.

It is also home to some of the world's biggest bitcoin miners.

We have heard that in mining, bitcoin miners solve some complex math problems to issue a certain number of bitcoins in exchange.

Also, the plan of the Chinese government is to try push bitcoin miners out of the local sector in the mid to long - term through stricter regulations and policies.

Most Bitcoin miners operate on thin margins and are therefore very conscientious of their revenue and costs.

The changes in the bitcoin supply would be determined by the algorithm governing the number of new bitcoins miners receive for verifying transactions and adding them to the bitcoin blockchain.

It boasts that its technology accounts for 56 % of global bitcoin miners.

The possible reason is the expected drop in the bitcoin block reward subsidy pushing bitcoin miners out of the industry.

This has discouraged bitcoin miners, especially in the African continent, from entering the scene.

Hopefully things will go even further in the next five, despite bitcoin miners buying all the damn parts.

You might not expect bitcoin miners to leave money on the table - but according to estimates, some are, and lots of it.

It's impossible to say how global politics, such as American tax laws or Chinese regulations regarding bitcoin miners, will impact the market.

It will be implemented if 75 % of bitcoin miners adopt the changes.

A few rogue bitcoin miners around the world have found ways to use solar panels to power their computers.

Chinese bitcoin miners still dominate the broader bitcoin network.

With all these stories circulating, many reporters have stated that the Chinese government is simply trying to limit the amount of electricity supply bitcoin miners are currently enjoying.

Cheap electricity is required by bitcoin miners to power their power - hungry specialized computer processors in order to make an enterprise profitable.

No need to wait for bitcoin miners to produce a bitcoin which may take hours to a day.

In interviews, bitcoin miners in the area say that it was the big boost in bitcoin's popularity back in 2013 that first sparked an effective gold rush to the region.

The collapse of the bitcoin rate to as low as $ 6000 can force many bitcoin miners to leave the industry.

Chinese Bitcoin miners are deliberately shutting down operations due to worries over future regulatory pressure.

A group of bitcoin miners, exchanges and service providers have issued a letter stating that they would not back hard forks of the network.

«BitPay does not control or benefit from bitcoin miner fee levels.

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

Many Bitcoin miners do.

Questions have also been raised about aspects of the governance system proposed for Bitcoin Classic, the introduction of two functioning blockchains that share years of transaction history and each with its own network of assets, and the exact degree of support from bitcoin miners for Bitcoin Classic versus a broader block size increase, particularly those based in China.

If bitcoin miner fees continue to grow at this accelerated rate, we may increase invoice minimums again in the coming weeks.

However, not all miners are on board, such as the mining group BTCC, one of the largest Bitcoin miners in China.

Reports continue to emerge that suggest China will place a squeeze on bitcoin miners as part of its wider crackdown on cryptocurrency trading.

A Shenzhen - based bitcoin miner manufacturer issued a statement...

Segregated Witness reduces the size of bitcoin transactions, allowing for an average bitcoin miner fee reduction of over 40 %.

A small lakeside town in upstate New York is fed up with Bitcoin miners using up so much of its low - cost electricity.

Bitcoin miners run high - powered machinery in a race to discover the next block of transactions, a process for which they earn rewards from the network.

Bitcoin transactions are verified by Bitcoin miners which has an entire industry and Bitcoin cloud mining options.All users are free to choose what software version they use.

If Bitcoin miners want to be sure to avoid a «split» in Bitcoin's blockchain and currency as a result of BIP148 activation, July 29th is a first deadline day for them.

Now contrast that with some Bitcoin horror stories, like that of early Bitcoin miner Jered Kenna who lost millions of dollars worth of Bitcoins to a sophisticated hacking scam.

The Capped Pay Per Share with Recent Backpay uses a Maximum Pay Per Share (MPPS) method that will pay Bitcoin miners as much as possible using the income from finding blocks, but will never go bankrupt.

The use of Application - Specific Integrated Circuits (ASIC) while expanding the hashing power of Bitcoin miners also requires an enormous amount of electricity.