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.

Marchés

Blockstream Issues Security Token Tied to Bitcoin Hashrate, Payable in BTC

The tokens will offer non-U.S. qualified investors a way to invest in bitcoin mining without handling machines themselves.

Par Colin Harper, Blockspace Media30 mars 2021

Mining devices and power units mounted in racks.

Vidéos

Miami Mayor Wants City to Be a 'Clean' Mining Hub for Crypto

90% of crypto is currently mined outside the United States – something Francis Suarez, the mayor of Miami, is trying to change. Suarez wants Miami to become a "clean energy" bitcoin mining hub, possibly powered by nuclear energy. Nik De reviews the feasibility of Suarez's plan. Plus, an update on the contenders to lead the Office of the Comptroller of the Currency (OCC).

29 mars 2021

Marchés

Miami Mayor Wants City to Become Bitcoin Mining Hub

The mayor would love Miami becoming a bitcoin mining hub to harness the city’s nuclear power capability.

Par Jamie Crawley29 mars 2021

Marchés

Hut 8 Buys $30M Worth of Nvidia's New Crypto Mining GPUs

The batch of processors will add 1,600 GH to Hut 8's mining capacity.

Par Zack Voell26 mars 2021

Marchés

Argo Blockchain, DMG to Launch Clean Energy Bitcoin Mining Pool

Argo said "Terra Pool" will allow for the creation of "green bitcoin."

Par Tanzeel Akhtar26 mars 2021

Marchés

Shark Tank's O'Leary Says a 'Made in China' Label on Bitcoin Keeps Some Funds Away

"I have had many institutions tell me they do not want to own 'China coin,'" he said at a Cboe event.

Par Kevin Reynolds25 mars 2021

Investor and TV personality Kevin O’Leary

Vidéos

Is Bitcoin Worth the Energy Consumption?

Decrypt Media Journalist Scott Chipolina and Marty Bent, Great American Mining Director of Business Development, debate the heated topic of bitcoin mining and energy consumption.

24 mars 2021

Vidéos

The Highly Charged Bitcoin Energy Debate

Podcaster and entrepreneur Marty Bent and Decrypt investigative journalist Scott Chipolina debate the contentious bitcoin energy issue. Bent says “bitcoin is an extremely efficient network that consumes wasted energy.” But can we afford to ignore bitcoin’s carbon footprint?

24 mars 2021

Vidéos

Bitcoin Mining and the Environment

Bitfarms CEO Emiliano Grodzki weighs in on the energy controversy surrounding bitcoin mining and the institutional demand for “clean” mining.

23 mars 2021

Marchés

Hut 8 Joins Foundry’s Institutional Bitcoin Mining Pool With Over 14,000 Machines

Hut 8 plans to add another 5,000 ASICs to Foundry's pool by August.

Par Zack Voell23 mars 2021