Sentences with phrase «bitcoin mining operations in»

In addition, the documents demand monthly reports on remaining bitcoin mining operations in each region.

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.

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.

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.

China may discourage bitcoin mining operations in the country by curbing their access to electricity.

Yet the Atlantic reported industrialized bitcoin mining operations in China already reveal the system is vulnerable to manipulation.

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.

Not exact matches

If you need evidence of this fact, consider China's massive state mining operations and stake in Bitcoin, undeniably viewed as a tool for leverage on a global scale.

China became a hub of Bitcoin mining in part because of cheap hydropower there, but power authorities there also moved to cut off supplies to cryptocurrency operations last November.

Wu Jihan, CEO of Bitmain Technologies Ltd., the world's biggest mining operation, said in an interview that regional governments are welcome to legally set up bitcoin mining farms which are clean and considered part of the high - tech industry.

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 was unclear as to how many bitcoins were actually mined in the farming operations.

«Bitmain, which runs China's two largest bitcoin - mining collectives, is setting up regional headquarters in Singapore and now has mining operations in the U.S. and Canada, Wu Jihan, the company's co-founder, said in an interview.

There are many irregularities such as environmental problems, potential safety issues and operation without business registration in the current bitcoin mining industry.

For those who haven't heard of GainBitcoin, it purports to be a Bitcoin cloud - mining operation; the operation, in turn, is connected to Amit Bhardwaj, founder of Bitcoin mining pool GBMiners.

More specifically, he voiced his belief that regulation in the US will not adversely affect BitFury as it does not perform the functions of a traditional financial services provider, instead only mining bitcoin and selling computer hardware for such operations.

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.

If you could use a home computer at start of bitcoin and mine 1 bitcoin a day on it, nowadays, you need to use specialized hardware costing thousands of dollars and pay huge sums in electricity costs in order to mine the same 1 bitcoin in a day, because there are so many much more mining operations, trying to mine more.

Pattison is certainly one to watch: this summer he'll have a solo show at the Chisenhale Gallery that's the product of a two - year residency that he used to build a server farm for a Bitcoin - mining operation, and now he's been commissioned by the ICA London to make a new online piece in response to that museum's influential 1968 exhibition «Cybernetic Serendipity.»

Some of the leading digital currency exchanges and largest Bitcoin mining operations are also in China.

China is the largest and the most powerful country in the world in terms of Bitcoin mining operations.

Energy costs in most of the United States are increasing, while other nations like China — prime locations for mining operations due to their low - priced energy supplies — have sought to slow cryptocurrency innovation by «clamping down» on Bitcoin miners or limiting available energy.

Consider bitcoin cash (BCH), where the main mining operations are historically concentrated in the hands of a small group of people (there are also concerns about ownership of BCH and exchanges where it is traded).

The authorities in South Korea have arrested 14 people who are reported to be involved in bitcoin mining operations using illegally subsidized electricity.

This week TechCrunch premiered their docu - series about the impact of emerging technologies, there was considerable focus on mining operations, and of course, plenty of coverage about the recent rise in bitcoin price.

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.

Much like multinational corporations (MNC) with large overseas operations, miners of cryptocurrency networks as a whole do not measure the income they receive in terms of bitcoins (or other discrete cryptocurrencies), but instead they measure their income in terms of «fiat» from foreign financial markets, specifically converting bitcoins into the local fiat currency where their mining operation physically resides.

China - based bitcoin mining firm Canaan Creative announced yesterday it had agreed to sell its operations to a publicly listed electronics firm in a deal that would mark the biggest exit for a bitcoin company to date should it be approved by local regulators.

In addition, bitcoin miners are rewarded in sets, usually 50 bitcoins per every successful mining operatioIn addition, bitcoin miners are rewarded in sets, usually 50 bitcoins per every successful mining operatioin sets, usually 50 bitcoins per every successful mining operation.

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.

A St. Francois Xavier - based Bitcoin mining operation with a greenhouse and fish farm is leading the way in terms of sustainable energy.

Bitcoin mining operations have officially commenced today at Marathon Patent Group, Inc.'s new mining facility in Quebec, Canada.

A Canadian greenhouse and fish farm is utilizing the waste heat generated by Bitcoin mining to complement its operations providing evidence of a sustainable way to mine Bitcoin in the future.

«Other cryptocurrencies, such as Monero, have far surpassed Bitcoin in terms of privacy and anonymity of transactions, which is an important consideration for cyber criminals exploiting devices for cryptocurrency mining operations,» said Goody.

Individual miners complained that deep - pocketed mining operations were gathering huge amounts of power in the system, effectively making them rulers of Bitcoin.

Where you live in the world affects how profitable your Bitcoin mining operation is, according to an analysis of worldwide electric prices by lighting company Elite Fixtures.

Jiang is an influential blogger and identity in the Chinese Bitcoin community, having invested hundreds of millions of RMB in local mining operations.

The digital asset investment specialist conducts proprietary cryptocurrency trading, hosts its own bitcoin mining operations and recently made an investment in mining manufacturer BitFury.

Then, he commented on the state of bitcoin in China where bitcoin mining operations are plenty as well as exchanges.

South Korean police have arrested over a dozen individuals involved in an illegal bitcoin mining operation that used cheap electricity afforded to industrial complexes.

Bitcoin - mining operations are now set to gobble more electricity than domestic residential consumption in Iceland, major credit card providers are...

While Bitcoin mining operations exist all over the world, China is by far the largest player in the world of cryptocurrency mining.

In China, for instance, rumors have been surfacing that the government plans on withdrawing preferential benefits such as cheap electricity and tax deductions to bitcoin mining operations.

There are massive mining operations around the world and they are bound to be more popping up in the next few years as Bitcoin and other cryptocurrencies continue their path into mainstream acceptance.

Bitcoin and Bitcoin Cash mining is using a total of 0.13 percent of the global energy consumption — which ranks the combined mining operation as the 61st highest power consumer in the World.

The dominance of Bitmain in the Bitcoin hardware mining sector has gone fairly unchallenged, leading to what has become a more centralized operation, with mining or hash power being held in increasingly smaller hands.

Although the country is still the biggest powerhouse when it comes to Bitcoin mining, multiple operations have reportedly shut their doors in the past few weeks.

China is home to nearly two - thirds of the bitcoin hashrate with mining operations rampant in the Sichuan province and the autonomous regions of Inner Mongolia and Tibet that provide cheap hydroelectricity and cooler temperatures for the energy - intensive process of mining cryptocurrency.

In the Bitcoin news today — Venezuelan authorities are cracking down on Bitcoin mining facilities and are focused on «weakening» these mining operations within the region; Ethereum at a crossroad as corporate interest grows; Last week at the World Economic Forum 2017 Annual Meeting in Davos, Switzerland, the technology firm Bitfury announced the formation of the Global Blockchain Business Council (GBBC); Cryptoseed Adds Security to Your Bitcoin Recovery Seed; Paxful has unleashed their new «Bitcoin Kiosk» widget allowing anyone to buy bitcoin in 300 different ways; A working group within the US central bank believes digital currencies and distributed ledgers could come to have a significant impact on how its citizens and businesses conduct payments — 60 page reporIn the Bitcoin news today — Venezuelan authorities are cracking down on Bitcoin mining facilities and are focused on «weakening» these mining operations within the region; Ethereum at a crossroad as corporate interest grows; Last week at the World Economic Forum 2017 Annual Meeting in Davos, Switzerland, the technology firm Bitfury announced the formation of the Global Blockchain Business Council (GBBC); Cryptoseed Adds Security to Your Bitcoin Recovery Seed; Paxful has unleashed their new «Bitcoin Kiosk» widget allowing anyone to buy bitcoin in 300 different ways; A working group within the US central bank believes digital currencies and distributed ledgers could come to have a significant impact on how its citizens and businesses conduct payments — 60 page Bitcoin news today — Venezuelan authorities are cracking down on Bitcoin mining facilities and are focused on «weakening» these mining operations within the region; Ethereum at a crossroad as corporate interest grows; Last week at the World Economic Forum 2017 Annual Meeting in Davos, Switzerland, the technology firm Bitfury announced the formation of the Global Blockchain Business Council (GBBC); Cryptoseed Adds Security to Your Bitcoin Recovery Seed; Paxful has unleashed their new «Bitcoin Kiosk» widget allowing anyone to buy bitcoin in 300 different ways; A working group within the US central bank believes digital currencies and distributed ledgers could come to have a significant impact on how its citizens and businesses conduct payments — 60 page Bitcoin mining facilities and are focused on «weakening» these mining operations within the region; Ethereum at a crossroad as corporate interest grows; Last week at the World Economic Forum 2017 Annual Meeting in Davos, Switzerland, the technology firm Bitfury announced the formation of the Global Blockchain Business Council (GBBC); Cryptoseed Adds Security to Your Bitcoin Recovery Seed; Paxful has unleashed their new «Bitcoin Kiosk» widget allowing anyone to buy bitcoin in 300 different ways; A working group within the US central bank believes digital currencies and distributed ledgers could come to have a significant impact on how its citizens and businesses conduct payments — 60 page reporin Davos, Switzerland, the technology firm Bitfury announced the formation of the Global Blockchain Business Council (GBBC); Cryptoseed Adds Security to Your Bitcoin Recovery Seed; Paxful has unleashed their new «Bitcoin Kiosk» widget allowing anyone to buy bitcoin in 300 different ways; A working group within the US central bank believes digital currencies and distributed ledgers could come to have a significant impact on how its citizens and businesses conduct payments — 60 page Bitcoin Recovery Seed; Paxful has unleashed their new «Bitcoin Kiosk» widget allowing anyone to buy bitcoin in 300 different ways; A working group within the US central bank believes digital currencies and distributed ledgers could come to have a significant impact on how its citizens and businesses conduct payments — 60 page Bitcoin Kiosk» widget allowing anyone to buy bitcoin in 300 different ways; A working group within the US central bank believes digital currencies and distributed ledgers could come to have a significant impact on how its citizens and businesses conduct payments — 60 page bitcoin in 300 different ways; A working group within the US central bank believes digital currencies and distributed ledgers could come to have a significant impact on how its citizens and businesses conduct payments — 60 page reporin 300 different ways; A working group within the US central bank believes digital currencies and distributed ledgers could come to have a significant impact on how its citizens and businesses conduct payments — 60 page report.

Bitcoin doesn't allow for GPU mining, which is computationally easier, and as such, Bitcoin mining has become centralized in the hands of a few industrial - grade mining operations — many of them located in China.