Sentences with phrase «from bitcoin mining operations»

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.

Based on Digiconomist analytics, the power consumption from Bitcoin mining operations is similar to the energy usage of such countries as Oman, Morocco, Serbia and Denmark.

Not exact matches

If Chinese authorities indeed intend to ban Bitcoin from the country entirely, Bitcoin mining operations — both mining pools and hash power data centers — will be easy targets to shut down.On the other hand, this is not the first time that fears of China «banning Bitcoin» have been raised.

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

When Bitcoin mining became profitable, the entire process shifted from a home - computing - PC - mining operation to big - business - industrial - operations.

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.

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.

This news closely followed the recent announcement from Russian Miner Coin (RMC) which plans to raise $ 100 million worth of cryptocurrency and start a large - scale bitcoin mining operation to compete with China.