bitcoin

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bitcoin

n
1. (Computer Science) (usually capital) a system of open source peer-to-peer software for the creation and exchange of (payment in) a certain type of cryptocurrency; the first such system to be fully functional
2. (Currencies) (sometimes capital) the cryptocurrency created and exchanged using this software
[C21]
References in periodicals archive ?
The post Dubai-based Bithereum to "revolutionise" Bitcoin mining appeared first on Tahawul Tech.
Shares of Marathon Patent Group are jumping after an earlier announcement that it has commenced bitcoin mining at its new facility in Quebec.
Unlike Singaporeans,who have the right to be air-conditioned in their humid climate, thatlevel of energy consumption for Bitcoin mining is both "sociallywasteful and environmentally bad.
The company expects its total hashing power to be over 60 Petahash of SHA 256 Bitcoin mining computing power and 252 Gigahash of Scrypt for Litecoin mining following the Acquisition and the full deployment of all equipment.
DMG intends to be a leader in bitcoin mining hosting, mining as a service, bitcoin mining, forensics and diversified blockchain platform development.
A resident of New York City was ordered by the the United States Federal Communications Commission to shut down his bitcoin mining rig after it was determined the machine was interfering with T-Mobile's wireless network.
Chinese regulators last year banned initial coin offerings, shut down local cryptocurrency trading exchanges and limited bitcoin mining - but activity in the cryptocurrency and bitcoin space has continued through alternative channels in China despite the crackdown.
Bitcoin mining is made affordable by government policies that subsidize electricity, pricing it near zero.
Estimates of how much electricity Bitcoin mining requires vary widely - some put it as high as 30 terawatt hours per year (equivalent to Morocco's entire electricity demand), while others suggest it's a sixth of that.
There aren't actual human beings hunched over computers with scraps of notebook paper and calculators doing pre-calculus homework; hardware is used to perform Bitcoin mining.
Furthermore, the fundamental technology underlying Bitcoin has systemic issues: Bitcoin mining has an unsustainable carbon footprint and the network has serious scalability problems.
In Venezuela, bitcoin mining has been extensive because of the subsidized cost of the electricity used to power the computers used in mining.