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.

Mercados

Peter Thiel Backs $200 Million Valuation for Renewable Bitcoin Mining in the US

A vertically integrated startup has raised $30 million to bring bitcoin mining back to the U.S.

Por Brady Dale15 oct 2019

Mercados

Next Bitcoin Halving Could Squeeze out Retail Miners, But Jury's Split on Price

Bitcoin halvings normally result in price increases. Maybe not this time.

Por Anna Baydakova15 oct 2019

Crypto mining machines (lmstockwork/Shutterstock)

Mercados

Russian Nuclear Scientist Gets $7,000 Fine for Mining Bitcoin at Work

The engineer at a top-secret nuclear lab, along with two colleagues, had accessed the plant's supercomputer to mine bitcoin.

Por William Foxley1 oct 2019

Regulación

Iranian Bitcoiners Risk Fines, Jail Time as Government Regulates Mining

As mining regulations loom, Iranian bitcoiners are stuck in compliance purgatory – facing fines and even jail.

Por Leigh Cuen27 sept 2019

Mercados

WATCH: Inside a Siberian Crypto Mining Complex

CoinDesk On Location goes deep inside a Siberian crypto mining factory situated near a remote hydroelectric plant.

Por Anna Baydakova25 sept 2019

Regulación

Iranian Government Proposes Annual License for Bitcoin and Crypto Miners

Government documents reveal a draft proposal for new cryptocurrency mining regulations in Iran.

Por Leigh Cuen19 sept 2019

Mercados

Bitcoin Mining Power Hits New High as Half a Million New ASICs Go Online

The computing power dedicated to mining bitcoin has hit another new high, suggesting as many as 600,000 machines have come online since June.

Por Wolfie Zhao16 sept 2019

Mercados

Bitcoin Miners Halt Operations as Rainstorm Triggers Mudslides in China

A severe rainstorm in China's southwest has led to fatal mudslides, causing some local hydropower plants and bitcoin miners to halt operations.

Por Wolfie Zhao21 ago 2019

Mercados

Congressional Research Service Finds Potential Blockchain Uses for Energy Sector

Congressional researchers detailed the current state of energy consumption related to cryptocurrency mining and potential regulations for the energy-intensive process.

Por Daniel Kuhn12 ago 2019

Mercados

Blockstream Launches Bitcoin Mining Farm With Fidelity as Early Customer

Blockstream is further stepping into bitcoin mining with the Fidelity Center for Applied Technology and LinkedIn founder Reid Hoffman as customers.

Por William Foxley9 ago 2019