Sentences with phrase «by bitcoin miners»

Transactions on this network are verified by Bitcoin miners and are recorded on the Bitcoin blockchain.

«Bitcoin's consensus rules are rules chosen by Bitcoin miners, who determine which bitcoin transactions are processed on the Bitcoin network.

«There's a constant selling pressured caused by bitcoin miners.»

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.

The Chinese government has expressed concern at the amount of electricity used by bitcoin miners, especially from hydropower stations which were intended to deliver low - cost or free electricity to low - income rural areas in the country.

Later it decided to put restrictions on the use of electricity consumed by the Bitcoin miners.

Just last week, the People's Bank of China (PBoE) asked the government to impose restrictions and regulations on the use of electricity consumed by the Bitcoin miners.

Some have said that the total power consumption used by Bitcoin miners is more than the total of 19 European countries.

These blocks containing Bitcoin transaction are confirmed / validated by Bitcoin miners.

While traditional money is created through (central) banks, bitcoins are «mined» by Bitcoin miners: network participants that perform extra tasks.

During the month of November 2017, approximately 90 days after the activation of Segregated Witnesses in the Bitcoin blockchain, a block between 1 MB and 2 MB in size will be generated by Bitcoin miners in a move to increase network capacity.

In Sztorc's view, the security model for drivechains is not much different than that of the main Bitcoin blockchain because the funds on the drivechain are held in escrow by bitcoin miners.

It also decided to put restrictions on the use of electricity consumed by the Bitcoin miners.

There has been some confusion in the days after the original «Terminator Plan» was posted on 8btc, as some in the Bitcoin community appear to believe this is a genuine plan agreed upon by Bitcoin miners in China.

In the past, «Mastering Bitcoin» author Andreas Antonopoulos has argued that the power consumed by Bitcoin miners is «used» rather than «wasted.»

Application Specific Integrated Circuits or ASIC dedicated machines are being used by the bitcoin miners for mining bitcoins in present time.

Where both Liquid and RSK for now apply a «federated» model, where the sidechain is secured by a group of semi-trusted «gatekeepers,» drivechains would be secured by bitcoin miners.

These are rather technical matters, but in a nutshell, we're currently at a point where BIP 91 and Segwit2X gained enough traction to be «locked in» by Bitcoin miners.

While central banks create traditional currencies, bitcoin is «mined» by bitcoin miners.

The blocks are «mined» by Bitcoin miners, these miners spend time and computing power (with specialized equipment) to secure the Bitcoin network.

Interest by Bitcoin miners moving their operations to Quebec was white hot just a few weeks ago.

After that, Segregated Witness support is activated, and Segregated Witness transactions are accepted by Bitcoin miners.

A year ago, the entire market for high end graphics cards was absorbed by Bitcoin miners.

The transactions are verified by Bitcoin Miners, or people who use their computer hardware to help figure out the mathematical formulas that need to be solved in order for a block full of transactions to be verified, or confirmed, and added to the blockchain.

The blocks are «mined» by Bitcoin miners, these miners spend time and computing power (with specialized equipment) to secure the Bitcoin network.

It was created by Bitcoin miners, after there was a number of disputes over limiting the number of transactions with Bitcoin.

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.

When the Bitcoin Blockchain mines block number 494,784, which will happen on or around Saturday November 18th 2017, a block between 1 MB and 2 MB in size will be generated by the Bitcoin miners to increase network capacity (SegWit2x).

The lively bitcoin market had been set up by bitcoin miners, who had set up data centers taking advantage of China's cheap electricity and hardware to handle the intensive computing processes needed to «mine» new bitcoin.

China plans to limit power use by some bitcoin miners, people familiar with the matter said last week, a potential challenge to an industry whose energy - intensive computer networks enable transactions in the cryptocurrency.

Not exact matches

Earlier this month, the SEC charged two bitcoin mining companies, GAW Miners and ZenMiner, both owned by Joshua Garza, with operating a Ponzi scheme.

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.

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.

Bitcoin has much more limited processing power available, in the form of miners, who confirm transactions by crunching difficult cryptographic problems.

All aspects of these transactions would be programmed and automatic, with their transactional integrity guaranteed by the Bitcoin blockchain, constantly vetted by the vast network of «miners» rewarded for their maintenance work with a stream of bBitcoin blockchain, constantly vetted by the vast network of «miners» rewarded for their maintenance work with a stream of bitcoinbitcoin.

Anybody can become a Bitcoin miner by running specialized computing tools that help process and confirm transactions on Bitcoin's peer - to - peer network.

Cyber miners can earn transaction fees paid by users or newly created bitcoins issued according to a fixed formula.

And in its main bitcoin mining business, Bitmain protects itself from losing too much to investor speculation by selling chips to miners, rather than doing all the bitcoin mining itself.

Bitcoin hosts («miners») essentially «vote» on any system changes by choosing what software to run.

By having your computer repeatedly solve puzzles, you're competing with other miners to generate the number that the Bitcoin network is looking for.

Each transaction must be confirmed by six bitcoin miners, and that takes time.

Pending bitcoin transactions are turned into mathematical equations which are then solved by miners.

Bitcoin is reaching the soft block size limit, requiring action by mining pools and miners (more info in this Bitcointalk thread).

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

Anyone can start producing Bitcoin with the right software by joining the «miner» community, using their computer power in a distributed network.

In return for their services, miners are paid fees by the vendors / merchants of each transaction and are also given physical, minted bitcoins.

Rajiv's transaction is broadcast to the Bitcoin network and will be verified in a few minutes by miners.

Corallo quickly posts more links to explain the situation, which boils down to this: a bitcoin mining pool processed an invalid block that was rejected by other nodes and miners.

The algorithm that governs how Bitcoin and Bitcoin Cash «miners» create new digital coins for a reward has been monopolized by specialized (and expensive) hardware.

Toughened bitcoin trading rules in mainland China may have led to a Taiwanese bitcoin miner being shot by gangland investors, a report suggests.