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.


Markets

Hive Reports $7.4M Q2 Profit as Lower Costs More Than Offset ‘Big Spend’ on Expansion

Hive shares have gained over 1,200% in 2020 and trade near $1.22 over the counter.

Hive Blockchain earnings per share

Markets

Riot, Marathon, Canaan See Record Monthly Share Gains as Bitcoin Clears All-Time High

Mining companies are soaring as bitcoin hits record highs.

Riot Blockchain shares monthly percentage gains

Markets

Canaan Reports $12M Q3 Loss, Says There's 'Rebounding Demand' for Mining Machines

Mining hardware manufacturer Canaan Creative reported a Q3 net loss that is more than quadruple its Q2 loss.

Mining rig. (Shutterstock)

Markets

Bitcoin Miner Riot Blockchain Ends Week Up 50% After Tapping 2-Year Highs

Shares of the mining company surged to $6.60 Friday.

Prices for shares of Riot Blockchain

Markets

Majority of Bitcoin Hashrate Signals Support for Taproot Scaling, Privacy Upgrade

Over 50% of Bitcoin's hashrate now supports the "uncontroversial" upgrade.

Distribution of Bitcoin hashrate by support for Taproot activation

Markets

Marathon Reports Record $835K Quarterly Mining Revenue, Increased Bitcoin Holdings

Marathon is holding more bitcoin on its balance sheet than ever before.

Marathon Patent Group quarterly bitcoin mining revenue since Q1 2018

Markets

Hut 8 Mining Revenue Drops 43% in Q3 Despite Hash Power Increase

Hut 8 mining revenue has fallen for five consecutive quarters.

Hut 8 total hash power since Q1 2018

Markets

Bitcoin Hashrate Rebounds as Asian Miners Bring Machines Back Online

After moving machines out of Sichuan, miners are bringing ASICs back online.

Bitcoin mean hashrate since Jan. 2019

Markets

Riot Blockchain Mined 222 Bitcoins in Q3

Riot reported a current mining capacity of 556 petahash per second.

Bitcoins mined per quarter by Riot since Q2 2018

Markets

Hive Blockchain Buys, Deploys 1,240 Bitcoin Mining Machines, Nearly Doubling Hash Power

The Vancouver firm is targeting 1,000 PH/s in the next 12 months.

Hive Blockchain ASIC purchases in 2020