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.

비디오

China’s Miners on Tesla’s Bitcoin 180; Animoca Brands: A Star is Born

Tesla’s Elon Musk backtracks on accepting bitcoin as payment for environmental reasons, and the Chinese mining industry reacts. A blockchain unicorn is born in Hong Kong as Animoca Brands raises $88 million in a new round of fundraising. Huobi Group launches a venture arm for blockchain and DeFi investments. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

2021년 5월 13일

기술

Bitcoin's Mining Difficulty Hits New High; Taproot Begins Its Second Signaling Attempt

Bitcoin's price may be taking a dip, but its mining difficulty has never been higher.

작성자 Colin Harper, Blockspace Media2021년 5월 13일

Bitcoin mining difficulty is at a new high.

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Canadian Bitcoin Miner Bitfarms Will Soon Be Listed on the Nasdaq

Toronto-based bitcoin miner Bitfarms has received approval for common stock listing on the Nasdaq, something Bitfarms President Geoffrey Morphy says is a longtime dream that will help the company grow in the international market. Morphy weighs in on Bitfarms' expansion plans and the technological improvements Bitfarms has to make mining more eco-friendly.

2021년 5월 12일

시장

ECB's Panetta Claims Bitcoin Threatens Global Sustainability Efforts

“Bitcoin alone is already consuming more electricity than the Netherlands,” Panetta said.

작성자 Tanzeel Akhtar2021년 5월 11일

금융

The Virgin Bitcoin Fallacy

Miners have begun to promote "clean bitcoin" with guarantees on climate, KYC and and OFAC compliance. But are such coins even possible?

작성자 Nic Carter2021년 5월 11일

Bitcoin mining at the CryptoUniverse Farm, in Russia.

시장

Canadian Bitcoin Miner Bitfarms Approved for Nasdaq Global Market Listing

Bitfarms, a Canadian bitcoin miner, has been approved to list its common stock on the Nasdaq Global Market.

작성자 Colin Harper, Blockspace Media2021년 5월 7일

Bitfarms facility in Saint-Hyacinthe, Quebec, Canada. (CoinDesk archives)

팟캐스트

The Balkanization of Bitcoin: The Next Attack on BTC Is About Mining Provenance

작성자 Nathaniel Whittemore2021년 5월 7일

기술

Marathon Miners Have Started Censoring Bitcoin Transactions; Here's What That Means

Despite Marathon's efforts, transactions from a dark web market still made it into the block.

작성자 Colin Harper, Blockspace Media2021년 5월 7일

Racism, bullying, social exclusion, depression and loneliness concept. A lot of white board game pawns, one red fallen on its side.

정책

New York Bill Would Freeze Bitcoin Miners Pending Environmental Review

The new legislation seeks to counter an industry that critics blast as detrimental to New York’s decarbonization goals.

작성자 Danny Nelson2021년 5월 4일

Inside the New York State Capitol in Albany, N.Y.

기술

Bitcoin Mining Difficulty Sees Largest Downward Adjustment of the Year

This is only the second downward adjustment of 2021, and it marks Bitcoin's largest difficulty correction since the 16% downturn on Nov. 3.

작성자 Colin Harper, Blockspace Media2021년 5월 1일

COPY SPACE: Professional male road biker enjoying a sunny cruise on his bicycle.