Sentences with phrase «bitcoin mining operations»

In addition, the documents demand monthly reports on remaining bitcoin mining operations in each region.
South Korean police have arrested over a dozen individuals involved in an illegal bitcoin mining operation that used cheap electricity afforded to industrial complexes.
But many bitcoin mining operations seek out locations where alternative power is abundant, requiring less of a strain on the electricity grid and keeping costs lower than usual.
South Korean police have arrested over a dozen individuals involved in an illegal bitcoin mining operation that used cheap electricity afforded to industrial complexes.
The report, published on Jan. 4 by the Chinese business publication Caixin, said that China's central bank did not host any meetings to discuss a policy requiring the closure of bitcoin mining operations in the country by a certain deadline.
With facilities in both Sweden in Washington state, MGTI is one of the largest Bitcoin mining operations in the US.
Instead, it focused on one proposed solution for curbing the overwhelming influence of Chinese bitcoin mining operations, which are quickly spreading on an industrial scale.
The company wants to start a large scale bitcoin mining operation in Russia.
A St. Francois Xavier - based Bitcoin mining operation with a greenhouse and fish farm is leading the way in terms of sustainable energy.
A very recent article by VOAnews reports that Pyongyang has started its very own Bitcoin mining operation, which peaked back in May 2017.
The Chinese government has already shut down exchanges in China, but it was recently reported to be taking even further measures against new forms of online trading as well as Bitcoin mining operations in the country.
CNBC visited one of the local bitcoin mining operations last month, which is one of the largest such facilities in the country.
Brazil's Securities and Exchange Commission (CVM) has moved to suspend the offer of securities related to a local bitcoin mining operation.
According to online leaked documents, the Chinese government is seeking an «orderly exit» from bitcoin mining operations in the coming months with the Leading Group of Internet Financial Risks Remediation, which happens to be the country's top internet - finance regulator, issuing a notice asking local governments to force mining operations out of business by resorting to measures such taxation, electricity pricing, property law and environmental regulations.
Pouliot said a few Bitcoin mining operations have already been established, and Hydro - Quebec is analyzing dozens more requests.
It now appears the government is extending its crackdown to domestic Bitcoin mining operations.
Motherboard has previously covered how big Bitcoin mining operations can get.
The police are now getting in touch with power companies to identify if there has been a sudden surge in power consumption in any area - as is usually the case when a large scale Bitcoin Mining operation takes place.
In December, for example, Science announced that it planned to use some of the capital raised to launch Blockchain Delta, a renewable energy bitcoin mining operation headquartered in the U.S.)
The news also follows the town of Plattsburgh New York proposing a moratorium request against bitcoin mining operations last week.
Bitcoin mining operations pushed Plattsburgh over its energy allotment in December and January, forcing the city to buy power on the open market, which is more expensive, said Dale Dowdle, a member of Plattsburgh's Common Council.
While residents usually pay $ 0.045 per kilowatt hour (kWh), industries including Bitcoin mining operations only have to pay $ 0.02 cents / kWh.
The authorities in South Korea have arrested 14 people who are reported to be involved in bitcoin mining operations using illegally subsidized electricity.
Yet the Atlantic reported industrialized bitcoin mining operations in China already reveal the system is vulnerable to manipulation.
While Bitcoin mining operations exist all over the world, China is by far the largest player in the world of cryptocurrency mining.
The World's combined Bitcoin mining operations consume more power than most African countries.
China's role in Bitcoin ecosystem is huge partly because of country's major Bitcoin mining operations.
The interest in Bitcoin spread like wildfire, hence the undercover Bitcoin Mining operation.
China has already been targeting smaller bitcoin mining operations.
China may discourage bitcoin mining operations in the country by curbing their access to electricity.
This time it's not the government but a subsidiary of the State Grid Corporation that has issued the decree, in a move which calls into question the country's ability to sustain bitcoin mining operations.
The country is known to house the largest community of Bitcoin mining operations worldwide.
Hydroelectrical power is cheap in many parts of China, and this provides fertile ground for ripe bitcoin mining operations.
Since issuing its blanket ban on crypto assets, China has outlined new measures to clamp down on bitcoin mining operations, as well as domestic currency traders relying on foreign exchanges to flip their crypto assets.
The New York decision came as one of the affected towns, Plattsburgh, temporarily banned new Bitcoin mining operations.
The company designs the silicon that goes in bitcoin mining equipment, assembles the machines and sells them worldwide, in addition to its own bitcoin mining operation and the ones that it manages for other mining pools.
Venezuelan President, Nicolas Maduro, even openly stated that the country was open to all forms of bitcoin mining operations in the future and as such, is currently one of the cheapest countries in the world to host such a business.
Based on Digiconomist analytics, the power consumption from Bitcoin mining operations is similar to the energy usage of such countries as Oman, Morocco, Serbia and Denmark.
Bitmain Technologies, the large Chinese Bitcoin mining operation, is expanding to Switzerland due to China doing everything possible to end crypto mining within its country.
This news closely followed the recent announcement from Russian Miner Coin (RMC) which plans to raise $ 100 million worth of cryptocurrency and start a large - scale bitcoin mining operation to compete with China.
China may be on verge of nationalizing their largest Bitcoin mining operations.
The funding will be used to expand MGT's bitcoin mining operations in the northwest US, where plentiful hydropower has attracted more than a few miners.
At the time, John was starting up a Bitcoin mining operation, and was looking for locations to set up his mining rigs (they look a lot like server racks, but with as many GPUs packed into them as possible to get the most parallel processing power).
Despite a myriad of concerns, the Nasdaq - listed company claims to be pushing forward with plans to expand its bitcoin mining operation and to possibly launch a cryptocurrency exchange.
On November 2nd it announced the acquisition of a Bitcoin mining operation and from there the stock went absolutely ballistic.
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