Sentences with phrase «by the miners for»

While bitcoin's use as a payment mechanism seems to have taken a back seat to its value as an investment asset, the need for a greater number of transactions is still pressing as the fees charged by the miners for processing are now more expensive than fiat equivalents.

Ether is consumed by miners for accessing resources of the network.

Income received by miners for other activities, such as for the provision of services in connection with the verification of specific transactions for which specific charges are made, will be exempt from VAT under Article 135 (1)(d) of the EU VAT Directive as falling within the definition of «transactions, including negotiation, concerning deposit and current accounts, payments, transfers, debts, cheques and other negotiable instruments.»

Not exact matches

The miner, under the leadership of Executive Chairman John Thornton, has focused for the past three years on reducing debt by more than 50 percent from the more than $ 13 billion it hit at the end of 2014 due to overpriced acquisitions and mine development, including Pascua - Lama.

The failed $ 6 - billion bid by China Minmetals (another state - owned enterprise) for Noranda, a Canadian copper and zinc miner, in 2004 had similar consequences: Canada did not see another major Chinese bid until this year.

For more than a year, Chuck Jeannes, CEO of Vancouver - based Goldcorp — the world's largest gold miner by market value — has posited his «peak gold supply» theory.

All was good for decades, as the tradition of buying diamond engagement and wedding rings took off just after the Second World War, when newly employed GIs were told «A Diamond Is Forever» in a clever marketing campaign by South African miner De Beers.

Shares in Perth gold miner Minera Gold rose by over 33 per cent after it announced it had signed an agreement to buy the San Santiago gold and copper processing plant in Peru for $ US5.5 million.

Iron ore miner Gindalbie Metals has extended its finance facility for its Karara magnetite project in the Mid West by three years and an additional $ US400 million ($ 428 million).

Gold and nickel miner Independence Group has announced a $ 280 million capital raising to bolster its balance sheet, making it the largest raising by a Western Australian company for 2016.

THE long - running bid by CI Resources Ltd for unlisted Christmas Island phosphate miner Phosphate Resources Ltd has hit a major hurdle, failing to win Federal Court approval for its proposed scheme of arrangement.

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 bitcoin.

Over in Asia, Nikkei was closed for Holiday as Goldman Cuts Japan's Growth Outlook this AM - Shanghai saw more profit - taking despite strong trade data - India bounced from the recent selling there, While Aussie closed off 60bp despite a bounce in the miners - dragged lower by continued selling in Tech and Industrials globally.

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

At a press conference outside the Capitol on Thursday evening, Schumer, flanked by coal miners wearing work jackets and beards, praised the miners and urged Congress to extend their health benefits for a year.

A document recently published by the US Patent and Trademark Office reveals Intel's vision for a system that would issue digital assets to miners who apply their computer processing power to DNA and RNA research.

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

The concern that the network hashrate will become too low is based on several assumptions and variables, including the number of daily transactions, the willingness of the users to wait for confirmations, the willingness of the users to pay small amounts, the behavior of the miners, the fee policies set by various wallets, the emergent consensus on acceptable fees by the mining community, and other factors, including what actually is «too low» of a network hashrate in the first place.

U.K. stocks finish at 10 - week high as metals prices rally Shire soars; pound seesaws as U.K. retail sales disappoint U.K. stocks end slightly higher on Thursday, boosted by gains for miners on the back of a rally in nickel and aluminum prices.

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.

Miners are motivated by profit, because they earn Bitcoins from the network in return for their mining services.

The initial bitcoin price was set by miner concensus; the first bitcoin transaction was the purchase of two pizzas for 10,000 bitcoins, which were transferred to a Brit who called a U.S. Papa John's to place the order using his credit card.

In a bear market for junior miners, exploration capital can be hard to come by.

By: Dylan Slater 8th July 2016 Mine development and construction company Fraser Alexander has concluded a contract for platinum group metals (PGM) miner Tharisa Minerals to install and commission a tailings storage facility at its Tharisa mine.

By: David Oliveira 9th December 2016 To ensure sustainable operations in drought sticken Richards Bay, KwaZulu - Natal, diversified miner South32 has invested R74 - million in a seawater desalination plant that uses membrane technology to produce cooling process water for its Hillside aluminium smelter.

This was the case precisely 365 days ago and the precious metals complex, led by the miners rebounded strongly for nearly three months.

The content below is a speculative editorial that focuses on some key points of the current state of support that is being received by Segwit2x via the miner signaling of support for the software implementation.

By: Marleny Arnoldi 3rd May 2018 Diversified miner Glencore on Thursday reported that its production for the first quarter was largely in line with expectations across all commodity groups and that its full - year guidance remains unchanged.

Treatment charges (TCs), the fees miners pay smelters to process their ore, are likely to fall by at least 13 % to $ 140 / t to $ 150 / t or below for 2018 term contracts, from around $ 172 / t last year, according to four trader and analyst sources.

There is also no scope for a bitcoin miner to ramp up production in an attempt to price out competitors by driving down the value of bitcoin, as is possible with gold.

The SegWit2X hard fork planned for next week has been called off by a majority of the miners as well as the development leaders of the effort.

There are literally thousands of possible configurations for the miners depending on the hardware, operating system, and other factors chosen by the investors.

Zinc production, meanwhile, decreased by 7 % year - on - year to 242 700 t for the first quarter, mainly as a result of the disposal of the Rosh Pinah mine, in Namibia, and the Perkoa mine, in Burkina Faso, to Canadian miner Trevali Mining in August last year.

This specifically extends to «miners» of the bitcoin currency who may have to register as MSBs and abide by the legal requirements of being a money transmitter if they sell their generated bitcoins for national currency and are within the United States.

By: Marleny Arnoldi 25th April 2018 Diversified miner Exxaro Resources and provincial roads agency Roads Agency Limpopo (RAL) on Wednesday signed a memorandum of agreement for the R100 - million upgrade of a road in Lephalale.

12th October 2017 This week: Chamber of Mines stands by its decision to boycott gala dinner; Rip up charter, provide tax incentives, back junior miners, says Maimane And, ANC will heed Joburg Indaba call for removal of Minerals Minister, says Mkhize →

An even bigger concern is the fact that miners will create new mining hardware and mining software which circumvent newer ASIC - resistant algorithms, making the centralization of mining possible again and making the efforts put forth by cryptocurrency project teams essentially all for naught.

Now is the time for me to post on Yamana (by this weekend, I pray) because it is at a price $ 7.33 that I have purchased in the past and it may be a reasonable choice for a BASKET of miners.

By providing an exclusive forum built around a focused and targeted meeting programme, 121 Mining Investment Hong Kong provides a time and resource efficient way for miners to meet new investors and for investors to appraise a range of opportunities.

By using their computing power for this work, miners are rewarded with bitcoins.

The new block then gets added to the blockchain (Step 5), and the winning miner gets awarded 12 bitcoin by the blockchain for his success.

By: Henry Lazenby 26th April 2018 Canadian diversified miner Sherritt International has reported a narrower first - quarter headline loss of C$ 14.7 - million, or C$ 0.04 a share, compared with a loss of C$ 82.7 - million, or C$ 0.28 a share, for the same period of 2017, mainly as higher metals prices made up for lower output.

By: African News Agency 1st May 2018 A diamond mine in Botswana, owned by now extinct Australian miner Kimberley Diamonds, is going up for sale at an online auction to be held Monday, as its liquidators failed to secure viable offers, reports MINING.coBy: African News Agency 1st May 2018 A diamond mine in Botswana, owned by now extinct Australian miner Kimberley Diamonds, is going up for sale at an online auction to be held Monday, as its liquidators failed to secure viable offers, reports MINING.coby now extinct Australian miner Kimberley Diamonds, is going up for sale at an online auction to be held Monday, as its liquidators failed to secure viable offers, reports MINING.com.

Bitcoin miners are rewarded for validating transactions by getting paid in newly created coins.

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.

Mining in Africa has been plagued by scandals, but one Australian miner is getting attention for the right reasons.

While much of the market's recent focus has been on the hefty short - term gains generated by big miners BHP Billiton, Rio Tinto and Fortescue Metals, Credit Suisse thinks it's time for African gold miner Perseus Mining and graphite play Syrah Resources to surprise with strong returns.

Small - scale miners are often exploited by middlemen, working in remote, marginalised conditions and rarely receiving a fair price for their gold, according to Fairtrade.

The steam engine led to oppression for miners and other workers, the spread of vast urban slums, and a ruthless stranglehold by capitalistic investors on the wage earner.24 In the twentieth century, the effects of the automobile have been similarly far - reaching and ambivalent.

For many of the miners, it was the first time back since their dramatic Wednesday rescue that was watched by the world.