Sentences with phrase «currency mining operations»

Today Mirai variants continue to expand into new turf, including Mirari Okiru, which targets ARC processors (the chips embedded in cars, mobile devices, smart TVs, surveillance cameras and many more connected products) and Mirai Satori, which hijacks crypto currency mining operations,.

Not exact matches

Because defendants sold far more computing power than they owned and dedicated to virtual currency mining, they owed investors a daily return that was larger than any actual return they were making on their limited mining operations.»

That said, there are many alternative motivations involved in mining digital currency, including supporting the network, influencing the market and using additional revenues to fund other business operations.

NiceHash, which describes itself as the largest marketplace for mining digital currencies, said late Wednesday that it was suspending its operations for at least 24 hours because of the security breach.

Burning huge amounts of electricity isn't incidental to bitcoin: instead, it's embedded into the innermost core of the currency, as the operation known as «mining».

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

We have been slowly winding down our bitcoin mining operations and we will be progressively moving away from using it as a currency.»

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.

Banks such as Goldman are said to be weighing bitcoin operations, while Fidelity is mining Ethereum, another digital currency.

While the global community is expressing its concerns regarding the negative impact that cryptocurrency mining has on the environment, the project aims to open efficient cryptomining operations globally through using exclusively green energy to mine currencies like Bitcoin, Bitcoin cash, DASH, and Litecoin on an industrial level.

That said, there are many alternative motivations involved in mining digital currency, including supporting the network, influencing the market and using additional revenues to fund other business operations.

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 report.

The reasons why Litecoin is in the top five is that it can be bought through major altcoin wallets and exchanges such as Coinbase and GDAX, and is also one of the currencies supported by major cloud - based mining operations such as Genesis.

Chandler Guo is the co-founder of Bitbank, a China - based digital currency company that runs one of the largest mining operations in the world, BW.

The project will have in - house nodes for every currency being mined and will execute its operations in several pools.

Lightcash has developed the first entirely legally compliant decentralized exchange for operations with cryptocurrencies, fiat currencies and the Lightcash Coin secured by real gold mined from gold deposits in Russia.

If miners have no way to convert mined crypto - currency into usable fiat currency to support their operations, they may have no choice but to close down.