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

Miners' Bitcoin Holdings Reach Two-Year High to Almost 2M

The recent upward trend began in September 2019.

Total bitcoins held in mining addresses, per Glassnode.

Marchés

Marathon Brings New Bitcoin Mining Rigs Online, Sees Itself Becoming Cash-Flow Positive

The company expects 1,000 more S19 machines by December.

Mining rig. (Shutterstock)

Marchés

Riot Supercharges Mining Ops With 8,000 More Bitmain Rigs as Bitcoin Price Soars

Company executives say Riot Blockchain is on track to become cash flow positive later this year.

mining farm

Marchés

Top Bitcoin Mining Pools See 15% Hashrate Drop Amid Continuous Rainstorms in China

Major Chinese bitcoin mining pools are each seeing daily hashrate drops of between 10% and 20% following continuous rainstorms in Sichuan.

Bitcoin mining farm (CoinDesk archives)

Marchés

PayPal Co-founder, DCG-Backed BTC Mining Firm Layer1 Accused of Patent Infringement

Data center power management firm Lancium filed a lawsuit against Layer1 today, alleging the bitcoin mining firm’s operations had infringed upon its patent.

mining farm

Finance

Mining Firm Hut 8 Reports 28% Drop in Q2 Revenue Following Bitcoin Halving

Bitcoin mining firm Hut 8 reported a sharp drop in revenue. However, the rising value of the firm's BTC holdings helped it finish the quarter in the black.

Máquinas de minería de bitcoin (Shutterstock)

Marchés

Riot Blockchain Mined 227 Bitcoin in Q2

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

A crypto mining farm.

Marchés

Mining Stocks Are Beating Bitcoin in a Bullish Cryptocurrency Market

Riot and Marathon have rallied 97% and 128% over the past year while bitcoin has gained 3 percent.

Returns for Riot, Marathon and bitcoin since August 2019

Marchés

Bitmain Delays Bitcoin Miner Shipments by Three Months as Co-Founders Battle On

The escalating internal power struggle at Bitmain is starting to have a more serious impact on its business and customers.

Bitcoin miner image (CoinDesk archive)