Sentences with phrase «intensive mining process»

The combination of blockchain tech and genetic sequencing isn't exactly new, and cryptocurrency projects like genecoin have highlighted how the energy - intensive mining process (by which new transactions are added to a blockchain, with new coins being minted as a reward) can be applied for scientific purposes.

Lora Ho, TSMC's senior vice president and chief financial officer, attributed the results to demand from cryptocurrency miners - who, through the energy - intensive mining process, add new transactions to blockchains and thereby mint new coins in the process as a reward - as well as mobile product launches.

The major hurdles for mainstream adoption of Blockchain ecosystem is the power intensive mining process, highly congested trust less networks, security and scalability.

The move signals that ASRock — which released a mining - specific motherboard back in 2013 — is looking to capitalize on the demand for GPUs by miners, who use the tech in the energy - intensive mining process.

In its most recent 10 - K annual filing, AMD - one of several firms to ride the recent wave of demand for GPUs (which are needed for the energy - intensive mining process)- highlighted how «the rise of cryptocurrency prices and the introduction of new cryptocurrencies created a demand for our GPUs in 2017.»

Also, one of the other important concerns with Bitcoin is that the hardware - intensive mining process consumes a lot of electricity.

Not exact matches

Then it called on local exchanges to stop trading in cryptocurrencies and outlined proposals to discourage bitcoin mining — the energy - intensive computing process that makes transactions with the digital currency possible.

One of Ripple's founders came from the Bitcoin community and took issue with the energy - intensive [computer] mining process necessary to create each Bitcoin, so he designed Ripple without it.

While it doesn't involve hard hats, drilling, and explosives, mining Bitcoin is a hugely energy - intensive process, even though the currency only exists digitally.

Now mining is a much more complicated — and energy - intensive — process involving giant mining farms of thousands of computers across the globe.

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.

In a nutshell, Bitcoin generates currency at a predictable rate (which reduces the chances of an inflationary spiral like those that have occurred in countries with traditional currencies) through a computer - intensive mathematical process known as «Bitcoin mining.»

Because it is so compute - intensive, it takes as much electricity to create a single bitcoin — a process called «mining» — as it does to power an average American household for two years.

While the relevant data is difficult to pin down, proof - of - work, the consensus protocol that underlies bitcoin mining, is best defined as an energy - intensive process.

From mining ores to smelting to tempering alloys, the process is energy intensive, and engineers have chased improvements about as long as steel has topped axes, formed armor and driven machinery.

Because it is so compute - intensive, it takes as much electricity to create a single bitcoin — a process called «mining» — as it does to power an average American household for two years.

Not to mention wrecking a whole raft of jobs in energy intensive industries like mining, mineral processing and manufacturing in the bargain (see our post here).

The processes involved in building and managing nuclear power — such as mining, uranium enrichment and waste storage — are all very energy intensive.

Not only do cars gobble up oil, but the manufacture of cars is a highly inefficient and energy intensive process that consumes loads of increasingly expensive mined metal commodities.

Uranium must be mined and refined from the ore that comes out of the ground, an energy - intensive process.

That's true even when one counts the energy - intensive tar sands extraction and processing — and, of course, there are plenty of upstream emissions associated with coal mining that I've left out of the equation here.

Mining and processing are carbon intensive processes at the moment, and although this can be reduced, there is no such thing as emissions free electricity.

One particular concern is cryptocurrency mining — a processor and electricity - intensive computing process for generating currencies such as bitcoin.

Mining is an energy intensive process by which new transactions are added to a blockchain, creating new tokens as a reward int he process.

The company revealed last fall that it was devoting tens of millions of dollars to its mining venture, with the aim of building a site for pursuing the energy - intensive process by which new transactions are added to a blockchain and new coins are minted as a reward.

The country also limited bitcoin mining, which can be a very energy - intensive process.

GMO, which was founded in the 1990s and already operates its own cryptocurrency exchange, said it would begin mining - an energy intensive process by which new transactions are added to a blockchain - in the first half of 2018.

The idea behind an initial miner offering is that mining hardware — used for the energy - intensive process by which new transactions are added to a blockchain — is sold and intended to process a particular cryptocurrency or token.

A frequently heard critique of blockchain technology is that mining is a power - intensive process that consumes energy, generates heat and damages the environment for the sole purpose of maintaining the blockchain.

According to TechWave, GMO, which was founded in the 1990s and already operates its own cryptocurrency exchange, said it would begin mining — an energy intensive process by which new transactions are added to a blockchain — in the first half of 2018.

China is home to nearly two - thirds of the bitcoin hashrate with mining operations rampant in the Sichuan province and the autonomous regions of Inner Mongolia and Tibet that provide cheap hydroelectricity and cooler temperatures for the energy - intensive process of mining cryptocurrency.

While the relevant data is difficult to pin down, proof - of - work, the consensus protocol that underlies bitcoin mining, is best defined as an energy - intensive process.

However, as new users flood to the network, the mining process has become so intensive that industrial operations now dominate mining pools instead of individual users.

As previously reported by CoinDesk, the proposed derivatives would enable miners to more effectively hedge against the ever - increasing difficulty of mining (the energy - intensive process by which new transactions are added to the blockchain), as well as the declining value of their mining hardware.

Applied Lean principles to leverage process improvements including VBA based automation of time intensive data mining (10X time reduction) and dimensional analysis template development (5X time reduction).