Sentences with phrase «use some of the tokens mined»

Notably, the firm will use some of the tokens mined at the facility for its GMO Coin exchange «in order to «contribute to an increase in diversity and liquidity of the cryptocurrency market.»

Not exact matches

In purchasing a cloud mining contract, an entity buys the rights to some portion of the tokens mined through the use of mining equipment that is owned by a different person or group.

$ Pac's funding pool is perhaps the largest one, as 20 % of all newly mined tokens are reaching the pool to be used for marketing, operations, and charity purposes.

Another 30 % of the profits will be used to repurchase tokens to replenish the mining pool for gamers.»

Such tokens are used for sales and marketing, bounty program, rewarding content creators before Proof of Creativity mining officially starts, and anything that facilitates the development of the ecosystem.

There are two of these at the top of the board and they allow you to take a build, recruit, mine or research action at the cost of a water, or you can use the second capital action slot which lets you nab the first - player token as well provided you hand over two water.

As reported by CNBC this past week, Thomas Lee of Fundstrat and his team used a three - factor method to calculate out a breakeven mining cost for bitcoin of $ 8,038 per token.

Mining: Use of the computing power in order to process and validate transactions, generate more tokens, secure the network and to allow all the users of the system to remain synchronized.

HashGains ICO, unlike others, brings a whole host of advantages like dividend per token, free hashing power which can let you earn BTC / BCH from mining, token convertibility (a feature where tokens can be used for buying mining power at HashGains.com), mining discounts etc which makes it highly promising covers huge risks.

The initial 30 percent of Skycoin tokens (SKY) was distributed through the ICO in 2017 and is capped at 100 million coins.The coins are minted by Skycoin miners using a mining system that removes transaction fees and the block rewards that incentivize bitcoin miners to monopolize the issuance of the currency.

Though some of the finer details remain unclear, the company - which previously revealed plans to open up a cryptocurrency mine and an accompanying cloud mining service - is planning to use the token as part of a payment system for an upcoming series of products.

Litecoin Cash, as stated early on is designed to use an algorithm known as the SHA - 256 for the mining of its tokens.

Roughly 1 % of the tokens mined before the public launch will be used to pay BTG's development team.

The term is used for cryptocurrencies (tokens) which are issued through mining, and a certain number of coins (tokens) have been created and distributed among certain users at the start of the project.

Burst (BURST) is a very «different» token as it uses a unique type of mining to produce each new BURST.

The term is used for cryptocurrencies (coins, tokens) which are issued through mining, and a certain number of coins (tokens) have been created and distributed among certain users at the start of the project.