Sentences with phrase «bitcoin mining activities»
Income received from bitcoin mining activities will generally be outside the scope of VAT.
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It is involved in making specialized chips which hold the potential to perform critical hash functions which are very much required during Bitcoin trading and Bitcoin mining activities as well as packaging of these chips into Antminer S9, the topmost Bitcoin mining rig.
Earlier China, one of the dominant players in terms of Bitcoin mining activities due to low electricity cost, banned Initial Coin Offerings (ICO) and closed down local Bitcoin exchanges.
The current bitcoin price impacts the profitability of the company's ongoing bitcoin mining activities and the value of its bitcoin inventory, which is what the company believes is the reason for the recent price movement.»
Viabtc along with an unknown darkhorse known as «MC Pool» had been cooking up a storm with their Bitcoin mining activities since the hard fork became a reality on 1st August 2017.
Locally illegal bitcoin mining activities have been raided and shut down by government officials in Puchong, Malaysia.
The People's Bank of China has put to rest a rumor that it would order a domestic shutdown of bitcoin mining activities, according to a local media outlet.
A group of MIT students is fighting back against a subpoena issued by the state of New Jersey related to their Bitcoin mining activities.
The People's Bank of China has put to rest a rumor that it would order a domestic shutdown of bitcoin mining activities, according to a local media outlet.
With increasing interest in Bitcoins and bitcoin mining activity, bitcoin mining pools are also becoming popular among crypto enthusiasts.So here in this article, I have mentioned a «List of Best Bitcoin Mining Pool»
Not exact matches
«Bitcoin [«mining»] in itself is not criminal by any means; it's not a suspect activity.
«One week, when I retrieved the data for the week of May 17, I noticed there was unusual amount of bitcoin activity that I have not seen before... from nothing to hundreds of data points a day, clearly bitcoin mining.
They just happened to stumble across the bitcoin «mining» activity.
It also helps that bitcoin is an open and decentralized network, making «mining» a legal and relatively easy activity for anyone who has access to the internet.
Firms mining bitcoin have also taken to moving to remote locations, not registering a company and engaging in the mildly illegal activity of purchasing electricity directly from power producers rather than grid operators.
On the orders of a multi-agency task force, regional authorities have been instructed to «actively guide» firms currently mining bitcoin in their region away from the activity, according to documents reviewed by The Financial Times.
China was said to be a dwelling to most of cryptocurrency mining operations before Beijing started discouraging it in 2017 as part of a huge crackdown on Bitcoin and other cryptocurrencies though it is still unclear how much of mining activity has moved offshore or been closed down.
It is plausible that the recent spike in DevilRobber activity may be attributed to a new version of the malware that mines for these latter cryptocurrencies instead of Bitcoin, both who are also experiencing huge price spikes.
Bitcoin miners alone have earned over $ 2 billion to date, with over 80 % of miners performing multiple mining value chain activities, half of those able to influence protocol development at high levels across all mining operations.
Q - 8: Does a taxpayer who «mines» virtual currency (for example, uses computer resources to validate Bitcoin transactions and maintain the public Bitcoin transaction ledger) realize gross income upon receipt of the virtual currency resulting from those activities?
Mining bitcoin can be a time and money - consuming activity to undertake.
It is plausible that the recent spike in DevilRobber activity may be attributed to a new version of the malware that mines for these latter cryptocurrencies instead of Bitcoin, both who are also experiencing huge price spikes.
With hundreds of thousands of people relying on Bitcoin trading and mining as a source of income, governments across the globe are looking to ensure any income - generating activity is taxed appropriately.
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.
The rising price of Bitcoin, reaching $ 450 at press time, follows several months of steady growth in Bitcoin price and transaction volumes, growing trade activity, particularly in Russia and South America, and continued expansion in the mining industry, all suggesting that Bitcoin is here to stay.
However, with the increase in Bitcoin demand and investor participation, it is becoming difficult to openly participate by anyone in Bitcoin related activities like Bitcoin mining process.
While little is known about Cumberland Mining's activities, it appears to have links with several companies in the bitcoin space.
Mining bitcoin and other cryptocurrencies is a taxable activity, regardless of whether you do it as a hobby or for a job if you make more than $ 400 in mined coins for any given year.
By «Bitcoin of Satoshi Nakamoto» we mean what the founder and chief developer of Bitcoin [BTC] mined at the time of zero network activity.
A large part of the decision to tax Bitcoin miners was to curb money laundering and other illicit financial activities that could be perpetrated under the guise of mining operations.
The claims were based on a circulated document stating that «bitcoin mining is an illegal activity»
Future plans revolve heavily around the expansion of current mining activities, with the introduction of mining operations for digital assets other than Bitcoin.
«The use of cryptocurrencies can be considered legal since our law contains no prohibition -LSB-...] buying and selling with cryptocurrencies and creating money through Bitcoin mining are not within the scope of criminal activity in Turkey today.»
The Cyber Crimes Division of the Benton County Sheriff's Office in Arkansas has launched a pilot program involving the mining of Bitcoin and other cryptocurrencies to monitor the activities of criminals online.
The research identified activity that the firms believe is bitcoin mining in North Korea starting on May 17.
We believe that bitcoin and cryptocurrency mining or activity involving cryptocurrency is a way for North Korea to generate funds and get around some of the sanctions.
bitcoin cash is allegedly hosted on Alibaba servers.The fact that the Chinese online consumer trading giant Alibaba hosts a sizeable percentage of the BCH nodes points to mining activity that is centralized in China.
Mining bitcoins, though tasking and expensive, is one of those activities in the cryptocurrency space that are most lucrative.
The increasing activities of Bitcoin mining operators have increased sharply in the past few months which resulted in a massive hike in their energy consumption as of Dec. 10, 2017.
Just as is the case in Switzerland, Iceland is very well placed as a home for a bitcoin mining facility for a variety of reasons — tax law, climate (it's cool enough to not require expensive cooling equipment), talent pool (Iceland has a 100 % literacy rate) and, perhaps most important, unrestrictive government regulatory activity.
Such increased activity and development has led to blackouts in some countries like Venezuela, which is currently facing a financial crisis and its citizens have turned to Bitcoin mining to earn enough money to stay alive and feed their families.