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.

Videos

Michael Saylor: The US Dollar Will Be the Reserve Currency of the World and 'It Would Move on Bitcoin Rails'

MicroStrategy CEO and chairman Michael Saylor says the U.S. dollar will be the reserve currency of the world, and "it would move on bitcoin rails." Saylor also discusses buying more bitcoin with the $500 million bond sale his enterprise software company just completed, and he reacts to Elon Musk's tweet about Tesla supporting bitcoin if it becomes more environmentally friendly.

Jun 14, 2021

Videos

New York Crypto Mining Bill Dies in Assembly After Passing State Senate

An environmental protection bill that would have clamped down on bitcoin mining has died in the New York state assembly. "The Hash" team explains why this happened and what it means for the bitcoin mining community.

Jun 14, 2021

Videos

BTC Jumps as Elon Musk Suggests Tesla Could Accept Bitcoin Again

Bitcoin’s price has jumped as Elon Musk says Tesla could start accepting bitcoin again once crypto miners use more green energy. Genesis Volatility CEO Greg Magadini shares his crypto markets analysis and outlook.

Jun 14, 2021

Markets

Crypto Long & Short: The Market Gets Smarter

This week, the cryptocurrency markets displayed a more sophisticated understanding of regulatory and technology risk.

By Galen MooreJun 13, 2021

Finance

Hut 8 Mining's Underwriters Agree to Buy $82M in Stock Ahead of Nasdaq Listing

The shares are scheduled to make their debut on Nasdaq next week.

By Tanzeel AkhtarJun 11, 2021

Markets

New York Crypto Mining Bill Dies in Assembly After Passing State Senate

Union opposition helped kill a Senate-passed environmental bill in the New York Assembly to regulate crypto mining.

By Cameron ThompsonJun 11, 2021

The environmental bill had already passed the New York Senate.

Finance

Chinese Province Cracks Down on Unauthorized (Not All) Bitcoin Mining

The Yunnan Energy Bureau stopped short of an all-out crypto mining ban.

By David PanJun 11, 2021

Technicians exit a cooling chamber adjacent to a wall of bitcoin mining machines at a mining facility operated by Bitmain Technologies Ltd. in Ordos, Inner Mongolia, China.

Markets

Corrected: Yunnan Province Did Not Order Crypto Miners to Shut Down

The source for the original report appears to have been a counterfeit.

By Kevin ReynoldsJun 11, 2021

bitcoin mining machines at a mining facility operated by Bitmain Technologies Ltd. in Ordos, Inner Mongolia

Videos

Cryptocurrency’s Environmental Concern

Argo Blockchain CEO Peter Wall addresses bitcoin's growing energy problem in light of recent developments around El Salvador exploring volcano-powered bitcoin mining and China's continued crackdowns on bitcoin mining operations. Plus, his comments on Argo's recent stock performance and outlook.

Jun 10, 2021

Policy

Volcano-Powered Bitcoin Mining Goes From Twitter Idea to State Policy in El Salvador

President Nayib Bukele is moving on multiple fronts to make El Salvador an unlikely bitcoin mecca.

By Danny NelsonJun 9, 2021

A sign outside the Ahuachapán Geothermal Power Plant in El Salvador.