Sentences with phrase «currency miners»
"Currency miners" refers to individuals or computer programs that solve complex mathematical problems to process and verify transactions happening in a digital currency network, such as cryptocurrencies like Bitcoin. In return for their computing power and effort, they are rewarded with some of the cryptocurrency as payment. So, currency miners are like digital workers who help maintain the currency system while earning some of it as a reward. Full definition
Since digital currency miners need lots of computing power to solve mining puzzles, they need to run as many graphics cards in their computers as possible.
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These energy providers are engaging in regular discussions with a large number of virtual currency miners who are seeking out ways to capitalize this cheap electricity advantage.
In 2017, digital currency miners played a critical role in the evolution of the blockchain industry.
What digital currency miners do is use hardware and software to solve computer algorithms.
Therefore, digital currency miners will have to constantly acquire more powerful mining equipment.
From the devastating impact of WannaCry and Petya / NotPetya, to the explosion in cryptojacking (stealth crypto currency miners), 2017 was yet another year of extraordinary cyber crime and mounting damage.
Canada's largest utility, Hydro Quebec, is reviewing its commercial energy strategy after being inundated with demand from global digital currency miners rushing to the province to benefit from political stability and low energy prices.
A recent malware campaign that attempted to install a resource - draining currency miner on more than 400,000 computers in 12 hours was caused by a malicious backdoor that was sneaked into a BitTorrent application called Mediaget, a Microsoft researcher said Tuesday.
But they dampened once again with the bankruptcy at digital currency miner CoinTerra, millions lost at an exchange in Hong Kong, and Bitcoin's legal status in Russia.
In this week's digital currency update, we're going to look at quite a few major events, from how digital currency miners impact Wall Street to Coinbase's new plans to support ERC20 (Ethereum - based) tokens.
Digital currency miners use sophisticated software and hardware systems to solve the series of mathematical algorithms using the Secure Hash Algorithm 256 (SHA - 256).
And the promise of turning big payoffs from buying Bitcoin into real - world cash has created a technological arms race among currency miners, a shortage of computers for scientists, and that, in sum, is worse for the environment than gold mining.
The general concept first appeared in a much weaker form as «merged mining», a mechanism in which alternative currency miners publish pointers to their blocks in the Bitcoin blockchain to mitigate the threat of 51 % attacks.
The announcement comes just weeks after the company sought to entice virtual currency miners as a means to bolster the province's economic outlook, claiming that it had 5,000 megawatts of power to spare.
The IBM and Kaspersky reports on the increase in cryptocurrency mining malware detections come after a string of incidents during the past few months that involved virtual currency miners.
Canada's largest utility, Hydro Quebec, is reviewing its commercial energy strategy after being inundated with demand from global digital currency miners rushing to the province to benefit from political stability and low energy prices.
Asus» new motherboard reflects the desire by leading hardware manufacturers to develop products that meet the demands of digital currency miners.
However based upon the positions advocated by HDL customers, including virtual currency miners, during the public comment period and after the rate increase was approved, this conclusion could not be further from the truth.
The Santa Clara, California - based company manufactures graphic processing units used by gamers and increasingly, by digital - currency miners.
Blockchain Mining Ltd. reported yesterday that the Canadian company that was recently merged into it, Backbone Hosting Solutions Inc. (which trades as Bitfarms as a digital currency miner) had decided not to proceed with an offering of convertible bonds announced in March.
Cryptyk Tokens power an entire cyber-security ecosystem and incentivize participation from a community of enterprise customers, small - medium business customers, individual consumers, software development partners, crypto - currency miners and investors.
At the heart of the Cryptyk platform is the Cryptyk Token (CTK), which drives an open - source cyber-security ecosystem consisting of 3rd party app developers, strategic enterprise customers, crypto - currency miners and investors.
The Chrome Web Store is full of scammy crypto - currency miners, and Google doesn't plan to remove them until June.
In the Mining Ruling, FinCEN addressed questions regarding a virtual currency miner's use of mined virtual currency and seemed to indicate in its analysis that a business ’s
In the Mining Ruling, FinCEN addressed questions regarding a virtual currency miner's use of mined virtual currency and seemed to indicate in its analysis that a business's use of a token was the primary factor in determining the application of the Bank Secrecy Act as opposed to the origin of the token.
Even though this year could be remembered for the WannaCry and other ransomware breakouts, the Equifax and CCleaner breaches, quietly, crypto - currency miners might also become the prevalent threat especially if combined with existing adware.
While scientists and gamers are blaming cryptocurrency miners for the dearth of GPUs, Blockchain - based virtual currency miners are also not happy about the increasing costs of purchasing these cards.
This is a blog dedicated to crypto currency miners and users of...