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.


Consensus Magazine

T chame isso de retorno: a improvável ascensão da mineração doméstica de Bitcoin

Mesmo com o aumento da popularidade, a mineração doméstica de Bitcoin representa apenas uma pequena fatia do mercado global.

(CoinDesk/Melody Wang)

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A Bielorrússia atrairá mineradores de Cripto em meio a sanções e à guerra entre Rússia e Ucrânia?

Apesar das condições favoráveis de negócios, o ambiente político de um país pode dissuadir o capital internacional. Este artigo faz parte da Mining Week da CoinDesk

Regional turmoil notwithstanding, President Alexander Lukashenko's government is committed to attracting crypto miners, lawyers in Minsk say. (Illustration: Yunha Lee)

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US Small Towns vs. Crypto Miners: The Plattsburgh, NY Case Study

Plattsburgh, New York made headlines in 2018 when it became the first U.S. city to temporarily ban crypto mining. The moratorium was lifted ahead of schedule. CoinDesk traveled to the North Country to speak with local residents and public officials and get a firsthand look at how the city known for its dirt-cheap electricity is grappling with having cryptocurrency mining operators in their community. Doreen Wang reports.

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Finanza

Vendas mensais do minerador de Cripto Argo e produção de Bitcoin caíram em dificuldade maior e tempestade de inverno

A margem de mineração da Argo Blockchain em fevereiro também diminuiu em relação ao mês anterior.

A bitcoin mining farm. (Marko Ahtisaari/Flickr)

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Uma indústria de mineração de Bitcoin saudável nos EUA pode gerar receitas fiscais significativas

Os fluxos de receitas fiscais de empresas de mineração de Bitcoin podem representar uma grande vantagem para o governo dos Estados Unidos. Este artigo faz parte da Tax Week da CoinDesk.

(Sharon McCutcheon/Unsplash)

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NuMiner's 'Best in Class' Bitcoin Mining Rig Raises Red Flags

Many in the mining industry raised eyebrows when a previously unknown company, NuMiner, claimed to have created a bitcoin mining rig far superior to the industry standard. "The Hash" crew discuss the many new questions around the story, which Will Foxley says illustrates "this part of the industry still needing more maturation."

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Miners Offloading Holdings Could Have Contributed to Bitcoin’s Fall to $33K

Data from multiple sources show bitcoin miners sold part of their holdings over the past 30 days after months of accumulation. The weekend’s sale was the first for 2022 after a previous selling period in November, which could have contributed to a decline in bitcoin prices near $32,000. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Valkyrie Bitcoin Miners ETF Approved for Nasdaq Listing

Valkyrie Funds has launched Valkyrie Bitcoin Miners ETF (WGMI) on the Nasdaq today, offering exposure to the stocks of bitcoin miners. Valkyrie Investments CIO and co-founder Steven McClurg shares his insights amid SEC further delaying its decision on approving Grayscale's spot bitcoin ETF. Plus, outlook for the global macro crypto market.

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Senator Warren Targets 6 More Crypto Miners for Their Energy Use

U.S. Sen. Elizabeth Warren (D-Mass.) expanded her inquiry of bitcoin miners’ energy usage and their environmental footprint, sending letters Thursday to six more miners, including Riot Blockchain and Marathon Digital Holdings. In December, Warren wrote to Greenidge Generation. "The Hash" team reacts, discussing the industry implications in the wake of China's crypto mining crackdown.

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China’s Digital Yuan to Face International Users at Beijing Winter Olympics

China's central bank digital currency (CBDC), the digital yuan, is expected to make its international debut next week at the Beijing Winter Olympics. Michael Sung, professor of Fintech & Innovation at Fudan University, shares insights into China's CBDC rollout and its potential ripple effect across the world, particularly in the U.S. Plus, could bitcoin mining return to China?

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