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.

Mercati

Blockcap Mined 544 Bitcoin in Q1 While Riot Yielded 491

The two firms both plan to add significant computing power to their fleets throughout the remainder of the year.

Di Colin Harper, Blockspace Media16 apr 2021

Mercati

How Accidents in Chinese Coal Mines Are Affecting Bitcoin Mining

The explosions took nearly a quarter of Bitcoin's hashrate offline, but the network is operating normally and these miners could be back online in as soon as a week.

Di Colin Harper, Blockspace Media16 apr 2021

Some bitcoin mining facilities rely on coal-sourced energy outside of the rainy season.

Finanza

Nasdaq-Listed CleanSpark Buys 22,680 Bitcoin Miners

It's the latest listed firm to ramp up its mining arsenal as the price of bitcoin flirts with all-time highs.

Di Tanzeel Akhtar15 apr 2021

Mercati

ePIC Blockchain Raises $7.5M to Manufacture ASIC Crypto Miners in North America

North America has miners and an abundance of energy but it's lacking one ingredient for a true mining boom: an ASIC manufacturer close to home.

Di Colin Harper, Blockspace Media14 apr 2021

Bringing ASIC manufacturing to North America will reduce supply chain bottlenecks.

Finanza

Bitcoin Price Lifts Crypto Stocks Ahead of Coinbase Listing

Michael Saylor’s MicroStrategy was up 18.5% in global markets. His firm’s bitcoin proxy stock wasn’t alone in seeing green.

Di Ian Allison14 apr 2021

Mercati

Integrated Ventures Set to Buy $35M Worth of Bitcoin Mining Equipment

Yet another U.S. mining firm is ramping up its bitcoin hashrate.

Di Colin Harper, Blockspace Media13 apr 2021

Mercati

US Bitcoin Mining Venture Raises $14M for All-Renewable Energy Mining

Gryphon is launching its all-renewables mining venture at a time when bitcoin – and scrutiny over its energy consumption – are at all-time highs.

Di Colin Harper, Blockspace Media13 apr 2021

Hydroelectric energy is widely used as a source of clean power for mining.

Tecnologie

Apifiny Exchange Network Will Mine Bitcoin to Improve Liquidity Channels

The trading firm said mining bitcoin itself would help improve liquidity options for its client exchanges.

Di Colin Harper, Blockspace Media13 apr 2021

Apifiny sees bitcoin mining as a source of better liquidity.

Mercati

Nvidia Revenue Outpaces Q1 Forecasts, Partly Driven by Crypto Chip Demand

The revenue for its crypto-specific GPUs is three times the company's projections.

Di Colin Harper, Blockspace Media12 apr 2021

Video

Miners ‘HODL’ in Bullish Sign for BTC

Bitcoin miners are holding onto their earned bitcoin more than they are selling it, according to a chart by GlassNode. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

12 apr 2021