Sentences with phrase «other cryptocurrency mining operations»

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.

Not exact matches

Cryptocurrency mining operations in upstate New York have been driving up power bills for other customers.

Customers tend to fall into a few categories: early investors whose coins have soared in value; coin «mining» operations; and cryptocurrency business ventures, including other exchanges, hedge funds, and projects that have hosted «initial coin offerings.»

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.

As part of the decree, cryptocurrency mining and other related operations are not considered entrepreneurial activities, which means that anyone is free to take part in transactions and exchanges.

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.

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.

«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.

Many of the biggest cryptocurrency mining operations are located in China, while others are scattered around the world.

There are massive mining operations around the world and they are bound to be more popping up in the next few years as Bitcoin and other cryptocurrencies continue their path into mainstream acceptance.

Plus, the Chinese government can just wake up one day and decide to crush Bitmain's mining operations due to its authoritarian nature and lack of support for bitcoin and other cryptocurrencies.