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.


Finance

Mining Market NiceHash Refunds Users 4,640 Bitcoin Lost in 2017 Hack

The company has "regularly waived profits" for three years, the firm's CEO wrote Thursday.

piles of coins

Marchés

Bitcoin Mining Stocks Soar as BTC Blows Past $20K

Share prices for publicly traded bitcoin mining companies are climbing as the leading cryptocurrency sliced through $20,000 Wednesday.

Bitcoin mining stock performance in 2020

Marchés

CEO of Bitcoin Mining Startup Layer1 Resigns in Settlement, Replaced by Ex-President

Alex Liegl has resigned as CEO to be replaced by fellow co-founder Jakov Dolic, who has rejoined the company.

Layer1's West Texas mining facility

Marchés

Riot to Test Immersion Cooling Bitcoin Mining Technology in Texas

The firm is looking to improve efficiency in "difficult temperature environments."

Riot Blockchain and bitcoin percentage gains (2019-2020)

Marchés

OKEx Bitcoin Mining Pool Shows Signs of Life After Precipitous Hashrate Drop

The troubled bitcoin mining pool is up 181 PH/s from its 18 PH/s lows in November.

OKEx pool hashrate since Nov. 2020

Marchés

Bitfury to Sell at Least Part of Its 38% Stake in Bitcoin Miner Hut 8

Bitfury current holds 37.2 million shares of Hut 8.

Hut 8 monthly share gains

Marchés

Secondary Mining Markets Surge Amid ASIC Manufacturing Delays

Miners are “scrambling” for any available machines as manufacturers stay sold out.

Aggregate weekly pricing estimates for ASIC miners on secondary markets

Marchés

Square to Support Greener Bitcoin Mining as Part of Zero-Carbon Pledge

Square will dedicate $10 million to the development of clean bitcoin mining technologies.

CEO Jack Dorsey's company is part of a consortium demanding answers.

Marchés

Bit Digital Completes $13.9M Deal for New Mining Machines

The company acquired nearly 18,000 new ASICs in an all-stock transaction.

Bit Digital monthly share percentage gains

Marchés

Bitcoin Miners Saw 48% Revenue Increase in November

Nearly 11% of revenue came from fees, down slightly from October.

Bitcoin fees as a percentage of monthly miner revenue since January 2016