Sentences with phrase «largest cryptocurrency mining operations»

As Bloomberg noted, until early 2017 China was the biggest market for bitcoin trading on exchanges, and some of the largest cryptocurrency mining operations on the planet are located there.

The Moonlite Project was born with the objective of becoming one of the largest cryptocurrency mining operations in the world.

Not exact matches

Because it was possible to run large - scale ASIC mining operations, mining became a way for a few small groups of people to essentially control the monetary supply of various cryptocurrencies.

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.

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.

While Bitcoin mining operations exist all over the world, China is by far the largest player in the world of cryptocurrency mining.

While cryptocurrency is technically illegal to own / trade in Iceland, there are still a number of large - scale, well - known mining operations throughout the country.

By raising the capital required to operate a very large scale mining operation, Moonlite is positioning itself to be one of the few bitcoin and other cryptocurrency mining operations that can mine profitably at current levels and current prices.

Mining Hydro - Quebec, the largest state - owned utility in Canada, appears unable to meet the electricity demand from cryptocurrency miners seeking to establish operations in the energy - rich province.