Bitcoin Mining

Bitcoin mining is the process by which new bitcoins are created and transactions are verified and added to the blockchain network. It involves powerful computers solving complex mathematical problems to secure the Bitcoin network and maintain its decentralized nature. Individuals, companies, and even specialized mining pools participate in this process, known as miners. These miners play a crucial role in ensuring the integrity and security of the Bitcoin network. As the number of bitcoins in circulation is limited, mining also serves as a means of distributing new bitcoins. Miners are rewarded with newly minted bitcoins for their computational efforts and the energy they contribute to the network. Bitcoin mining has evolved over time, with the advent of more efficient hardware and the rise of mining farms. These farms, often operated by companies, leverage economies of scale to maximize their mining capabilities. Additionally, mining protocols and algorithms have been developed to adapt to the increasing computational power and maintain the network's stability. Crypto exchanges facilitate the trading of bitcoins, allowing miners to convert their earned bitcoins into traditional currencies or other cryptocurrencies. This dynamic ecosystem of people, companies, protocols, and blockchain networks collectively contribute to the functioning and growth of Bitcoin and the broader cryptocurrency market.


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Fed’s Waller Sees Another ‘Significant’ Rate Hike This Month; SEC Enforcement Chief: We Can’t Ignore Crypto Law-Breaking

Federal Reserve Governor Christopher Waller said Friday he expects a big interest rate increase later this month. Gurbir Grewal, director of enforcement at the U.S. Securities and Exchange Commission, said his agency can’t look the other way as the crypto industry violates securities laws.

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DC AG Suing MicroStrategy's Michael Saylor for Alleged Tax Fraud; Bitcoin Mining Difficulty Increases

The District of Columbia is suing MicroStrategy (MSTR) founder and Executive Chairman Michael Saylor for allegedly never paying any income taxes in the district in the more than 10 years he has lived there, Attorney General Karl A. Racine announced in a tweet on Wednesday. Plus, the difficulty of mining a bitcoin (BTC) block increased by 9.26%.

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What the New Era of Bitcoin Mining in Texas Could Look Like

The state’s grid operator, the Electric Reliability Council of Texas, is slowing issuance of new permits for miners to connect to the grid. Texas Blockchain Council Director of Bitcoin Analytics Steve Kinard discusses how this is impacting the sector as the difficulty of mining bitcoin increases.

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Analistas do Sell-Side reduzem alvos para o minerador de Bitcoin Argo Blockchain

No início desta semana, a Argo reduziu sua previsão de hashrate para o final do ano de 5 EH/s para 3,2 EH/s.

Argo Blockchain's Helios facility in Dickens County, Texas. (Argo Blockchain)

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Riot Blockchain Earned $9.5M for Not Mining During Texas Heatwave

Bitcoin mining firm Riot Blockchain mined 318 bitcoins in July, 28% fewer than last July, as it shut some operations to accommodate the high energy demand during the heatwave in Texas. The miner gained $9.5 million in power credits and other benefits from the curtailment. Riot Blockchain Vice President of Capital Markets discusses the state of the mining industry and potential impact of the upcoming ETH merge on the sector.

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How Power Grids Work for Bitcoin Miners in Texas

Gregg Dixon, co-founder, and CEO of energy software platform Voltus discusses the state of crypto mining and how it is impacting power grids in Texas, breaking down the data on the energy consumption of a bitcoin miner.

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CleanSpark aumenta orientação de taxa de hash de fim de ano e define perspectiva para 2023

A mineradora sofreu um prejuízo de US$ 29,3 milhões no trimestre fiscal, em parte motivado pela decisão previamente divulgada de vender seus ativos de energia.

A bitcoin mining facility in Georgia that uses 95% non-carbon energy (CleanSpark)

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Cipher Mining reduz o custo por terahash de equipamentos de mineração de Cripto , mesmo com o aumento da perda trimestral

A mineradora espera ter 6,9 exahashes por segundo de poder de computação implantado até o início de 2023.

Bitcoin mining rigs (Image credit: Eliza Gkritsi/CoinDesk)

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Bit Digital Exec on Canada Expansion, State of Crypto Mining

Sam Tabar, chief strategy officer at New York-based digital asset mining company Bit Digital, shares insights into expanding operations to Canada. Plus, his take on the potential repercussions of New York's two-year bitcoin mining moratorium bill, Sen. Warren (D-Mass.) targeting miners for their energy consumption, and the state of the mining industry at large.

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Marathon Digital Holdings CEO on Bitcoin Mining Outlook

Amid soaring electricity costs, some crypto miners have been forced to sell their bitcoin at a discount, putting them at risk of collapse. Marathon Digital Holdings CEO Fred Thiel discusses the impact of consolidations across the industry on the global hashrate and how his firm benefits from crypto winter.

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