- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
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.
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.

Riot, Marathon, Canaan See Record Monthly Share Gains as Bitcoin Clears All-Time High
Mining companies are soaring as bitcoin hits record highs.

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.

Bitcoin Miner Riot Blockchain Ends Week Up 50% After Tapping 2-Year Highs
Shares of the mining company surged to $6.60 Friday.

Majority of Bitcoin Hashrate Signals Support for Taproot Scaling, Privacy Upgrade
Over 50% of Bitcoin's hashrate now supports the "uncontroversial" upgrade.

Marathon Reports Record $835K Quarterly Mining Revenue, Increased Bitcoin Holdings
Marathon is holding more bitcoin on its balance sheet than ever before.

Hut 8 Mining Revenue Drops 43% in Q3 Despite Hash Power Increase
Hut 8 mining revenue has fallen for five consecutive quarters.

Bitcoin Hashrate Rebounds as Asian Miners Bring Machines Back Online
After moving machines out of Sichuan, miners are bringing ASICs back online.

Riot Blockchain Mined 222 Bitcoins in Q3
Riot reported a current mining capacity of 556 petahash per second.

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.
