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.


Markets

Bitcoin Miner Bitdeer Technologies Could be a Potential Takeover Target: Benchmark

The broker raised its price target for the shares to $16 from $13 while reiterating its buy rating on the stock.

Alta Novella's turbine room with 40 ASIC bitcoin miners.

Opinion

Bitcoin Mining Is So Back (Except It's AI Now)

Hurting for revenue and profit, bitcoin miners are looking to activities outside mining bitcoin, such as hosting AI computers, to make up the difference. It's paying off, at least in their stock prices.

Bitcoin miners at work (Eliza Gkritsi/CoinDesk)

Markets

Core Scientific Upgraded to Buy From Neutral to Reflect HPC Expansion: B Riley

The bitcoin miner will be a leader in hosting high-performance computing due to its lucrative deals with CoreWeave and management’s deep experience in operating enterprise data centers, the report said.

A Bitmain Antminer s9 board in a bitcoin mine in Norway. (Eliza Gkritsi/CoinDesk)

Finance

Loka Launches Bitcoin Mining Pool for Institutional Investors With Support From Hashlabs

Institutional investors will be able to buy bitcoin futures at below-market rates from miners using sustainable energy.

New and old bitcoin mining rigs at CleanSpark's site in Georgia.

Markets

U.S.-Listed Bitcoin Miners' Share of Global Hashrate Reached Record in July: JPMorgan

The aggregate market cap of 14 tracked bitcoin miners listed in the U.S. rose 29% since the end of June, the report noted.

Bitcoin miners connected to a district heating system in Finland

Markets

Iris Energy Has Committed Most of Childress Site to Expansion of Bitcoin Mining: Bernstein

The bitcoin miner’s shares slumped yesterday after a Culper Research report said the site was unsuitable for artificial intelligence and high-performance computing.

Alta Novella's turbine room with 40 ASIC bitcoin miners.

Opinion

Why AI's Energy Use Isn't Demonized Like Bitcoin's

AI's utility is more obvious to everyday people than the cryptocurrency's, and AI's risks are so much greater that power consumption fears seem beside the point.

(Taylor Vick/Unsplash)