Sentences with phrase «of bitcoin mining operations»

The country is known to house the largest community of Bitcoin mining operations worldwide.

Venezuelan President, Nicolas Maduro, even openly stated that the country was open to all forms of bitcoin mining operations in the future and as such, is currently one of the cheapest countries in the world to host such a business.

On May 22nd, MGT Capital Investments announced a major expansion of its bitcoin mining operations.

More bad news for bitcoin came when China seems to be on the way out of the bitcoin mining operations.

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.

China is the largest and the most powerful country in the world in terms of Bitcoin mining operations.

Not exact matches

If you need evidence of this fact, consider China's massive state mining operations and stake in Bitcoin, undeniably viewed as a tool for leverage on a global scale.

The New York decision came as one of the affected towns, Plattsburgh, temporarily banned new Bitcoin mining operations.

China became a hub of Bitcoin mining in part because of cheap hydropower there, but power authorities there also moved to cut off supplies to cryptocurrency operations last November.

Bitcoin investors are on alert to see whether Beijing will take further action against cryptocurrencies, such as shutting down bitcoin «mines», the energy - hungry operations that create bitcoin by solving mathematical problems using vast banks of comBitcoin investors are on alert to see whether Beijing will take further action against cryptocurrencies, such as shutting down bitcoin «mines», the energy - hungry operations that create bitcoin by solving mathematical problems using vast banks of combitcoin «mines», the energy - hungry operations that create bitcoin by solving mathematical problems using vast banks of combitcoin by solving mathematical problems using vast banks of computers.

We set up a small Bitcoin and Ethereum mining operation... that miraculously now is actually making a lot of money.»

The entrepreneur explain that he «got out» of the Chinese bitcoin exchange business, and now instead focuses ambitions on an international trading platform, a mining and minting operation and a cryptocurrency wallet called Mobi.

The entrepreneur explain that he «got out» of the Chinese bitcoin exchange business, and now instead focuses ambitions on an international trading platform, a mining and minting operation and a cryptocurrency wallet

China mines a lot of bitcoin — about three - quarters of the world's supply, according to Liao Xiang, chief executive of Lightningasic, a Shenzhen - based mining operation.

The Chinese government has already shut down exchanges in China, but it was recently reported to be taking even further measures against new forms of online trading as well as Bitcoin mining operations in the country.

Wu Jihan, CEO of Bitmain Technologies Ltd., the world's biggest mining operation, said in an interview that regional governments are welcome to legally set up bitcoin mining farms which are clean and considered part of the high - tech industry.

China was said to be a dwelling to most of cryptocurrency mining operations before Beijing started discouraging it in 2017 as part of a huge crackdown on Bitcoin and other cryptocurrencies though it is still unclear how much of mining activity has moved offshore or been closed down.

The MoonLite project is an industrial scale cryptocurrency mining operation focusing (initially, at least) on the mining of bitcoin, litecoin, and dash.

The centralized mining operations that largely account for this percentage are said to have an effect of consistency on the bitcoin supply rate; thus provides some predictability and stability to the price.

It is unclear whether this is a full on ban of bitcoin mining or simply a closure of the biggest mining farms, but after banning crypto exchanges and ICOs, China now seems to be moving towards fully curtailing bitcoin operations.

For those who haven't heard of GainBitcoin, it purports to be a Bitcoin cloud - mining operation; the operation, in turn, is connected to Amit Bhardwaj, founder of Bitcoin mining pool GBMiners.

Bitcoin miners alone have earned over $ 2 billion to date, with over 80 % of miners performing multiple mining value chain activities, half of those able to influence protocol development at high levels across all mining operations.

The company has made an announcement on their official Blog stating that the cloud mining operation related services would be suspended at the time of the next bitcoin difficulty increase: «Taking into consideration our users» interests, the recent Bitcoin price drop, as well as the upscaling of the mining difficulty, CEX.IO Bitcoin Exchange would like to announce a temporary suspension of cloudbitcoin difficulty increase: «Taking into consideration our users» interests, the recent Bitcoin price drop, as well as the upscaling of the mining difficulty, CEX.IO Bitcoin Exchange would like to announce a temporary suspension of cloudBitcoin price drop, as well as the upscaling of the mining difficulty, CEX.IO Bitcoin Exchange would like to announce a temporary suspension of cloudBitcoin Exchange would like to announce a temporary suspension of cloud mining

The news also follows the town of Plattsburgh New York proposing a moratorium request against bitcoin mining operations last week.

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.

China may be on verge of nationalizing their largest Bitcoin mining operations.

This steady decline of the bitcoin price began to question the profitability of big mining operations due to high energy costs.

More specifically, he voiced his belief that regulation in the US will not adversely affect BitFury as it does not perform the functions of a traditional financial services provider, instead only mining bitcoin and selling computer hardware for such operations.

Bitcoin mining operations pushed Plattsburgh over its energy allotment in December and January, forcing the city to buy power on the open market, which is more expensive, said Dale Dowdle, a member of Plattsburgh's Common Council.

If you could use a home computer at start of bitcoin and mine 1 bitcoin a day on it, nowadays, you need to use specialized hardware costing thousands of dollars and pay huge sums in electricity costs in order to mine the same 1 bitcoin in a day, because there are so many much more mining operations, trying to mine more.

Pattison is certainly one to watch: this summer he'll have a solo show at the Chisenhale Gallery that's the product of a two - year residency that he used to build a server farm for a Bitcoin - mining operation, and now he's been commissioned by the ICA London to make a new online piece in response to that museum's influential 1968 exhibition «Cybernetic Serendipity.»

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 will continue to increase our involvement and support of the blockchain ecosystem, as we ramp up our Bitcoin mining operations.»

China was once a driving force behind cryptocurrency mining, and accounted for more than two - thirds of the world's bitcoin - mining operations until recently.

Energy costs in most of the United States are increasing, while other nations like China — prime locations for mining operations due to their low - priced energy supplies — have sought to slow cryptocurrency innovation by «clamping down» on Bitcoin miners or limiting available energy.

Consider bitcoin cash (BCH), where the main mining operations are historically concentrated in the hands of a small group of people (there are also concerns about ownership of BCH and exchanges where it is traded).

The forced exodus of crypto - mining operations, according to TechCrunch, will slowly extinguish a group that is estimated to produce three - quarters of the world's supply of bitcoin.

This week TechCrunch premiered their docu - series about the impact of emerging technologies, there was considerable focus on mining operations, and of course, plenty of coverage about the recent rise in bitcoin price.

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.

A democratic system would encourage casual Bitcoin users to mine periodically with their personal computer, and both the user and the system would benefit: the server would receive the extra support of the casual users» mining operations, while the user would receive extra cash for his efforts.

The long - term vision is a thriving community of casual miners who put what resources they can spare into Bitcoin Gold, rather than a small, secretive group of top - tier mining operations who spend millions of dollars on massive mining rigs.

The two primary value propositions are: 1) Industry insight: they have a concrete knowledge of the operating efficiency that is required to succeed with a Bitcoin mining operation.

A St. Francois Xavier - based Bitcoin mining operation with a greenhouse and fish farm is leading the way in terms of sustainable energy.

A Canadian greenhouse and fish farm is utilizing the waste heat generated by Bitcoin mining to complement its operations providing evidence of a sustainable way to mine Bitcoin in the future.

To begin, there are currently only a few mining operations, the largest an unknown actor (or pool of actors) controlling roughly 90 percent of the hash power on bitcoin cash.

«Other cryptocurrencies, such as Monero, have far surpassed Bitcoin in terms of privacy and anonymity of transactions, which is an important consideration for cyber criminals exploiting devices for cryptocurrency mining operations,» said Goody.

Individual miners complained that deep - pocketed mining operations were gathering huge amounts of power in the system, effectively making them rulers of Bitcoin.

Where you live in the world affects how profitable your Bitcoin mining operation is, according to an analysis of worldwide electric prices by lighting company Elite Fixtures.

Since it is currently the only bitcoin mining company listed on a major stock exchange, digital CC offers a rare glimpse into the inner workings of mining operations through its regulatory filings.