Sentences with phrase «start cryptocurrency mining operations»

Not exact matches

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.

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.

In the same way that traditional mining expands, and is able to spend more on its infrastructure when the price is high, cryptocurrency start - ups are realizing that while the profit remains as high as it does at the moment, there is a cushion which provides them with the flexibility to move their operations and remain profitable.

Having successfully launched a Bitcoin exchange earlier this year, GMO is looking to dive into the deep end of the cryptocurrency world and will start a mining operation in 2018 as well.