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

Bitcoin Mining Difficulty Drops by 6% in First Adjustment After Halving

The Bitcoin network just fine-tuned a key parameter to coax back miners who quit after last week's halving hammered their profits.

Par Wolfie Zhao20 mai 2020

Seven-day rolling average of bitcoin hashrate (Credit: Blockchaininfo)

Finance

The Last Word on Bitcoin's Energy Consumption

What people fail to consider when they criticize Bitcoin's electricity footprint, according to our columnist.

Par Nic Carter19 mai 2020

Marchés

First Mover: Bitcoin’s Hot Again and Crypto Miners Are Hoarding – Or Are They?

Bitcoin is rallying again, and some analysts are taking a closer look at data extracted from the underlying blockchain for signals on whether cryptocurrency miners are buying or selling. Or if they're HODLing.

Par Bradley Keoun, Omkar Godbole15 mai 2020

Marchés

Bitcoin's Price Has Bounced but Miners May Still Be Switching Off Post-Halving

While bitcoin is fast reversing its pre-halving price drop, hash-rate data suggests miners are still leaving the network.

Par Omkar Godbole14 mai 2020

Finance

Hut 8 Mining Revenue Continues Decline in Q1

Hut 8's Q1 2020 earnings fell, pulled lower by falling revenue, decreased EBITDA and increased collateral requirements.

Par Matt Yamamoto11 mai 2020

Coinmint, a crypto data center in upstate New York, is set to host a portion of new miners from Riot’s Oklahoma City facility. (Credit: Shutterstock)

Marchés

Crypto Long & Short: Bitcoin Markets Are Growing Up. Bitcoin Mining Is, Too

There is a notable shift in the style and profile of bitcoin miners, towards more sophisticated structures and financial engineering.

Par Noelle Acheson11 mai 2020

Marchés

Internal Struggle at Bitcoin Mining Giant Bitmain Escalates to Physical Confrontation

After Micree Ketuan Zhan, the exiled co-founder of Bitmain, moved to reinstate his position after another partial legal victory over his former employer, tensions reportedly escalated into a physical brawl.

Par Wolfie Zhao8 mai 2020

Micree Zhan, co-founder of Bitmain. (Credit: CoinDesk archives)

Marchés

One of Bitcoin’s Earliest Miners Is Dedicating $66M in Crypto to a Fund of Funds

Bixin, one of the earliest bitcoin miner operators and wallet startups, is dedicating 6600 bitcoin, worth $66 million, to a new fund of funds.

Par Wolfie Zhao8 mai 2020

Technologies

Bitcoin Node Count Falls to 3-Year Low Despite Price Surge

The number of Bitcoin nodes fell to its lowest level in almost three years, according to data calculated by one prominent Bitcoin developer.

Par Zack Voell6 mai 2020

Technologies

Bitcoin Mining Difficulty Nears All-Time High in Final Adjustment Before Halving

Bitcoin mining difficulty increased to 16.10 trillion (T) on Tuesday, close to the network’s all-time high of 16.55T recorded in March.

Par Wolfie Zhao5 mai 2020