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.

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Bitfury Reveals New Generation of Bitcoin ASIC Chips

Bitfury Group unveiled a new generation of bitcoin mining ASICs on Wednesday, boasting greater efficiencies than previous models.

Door Anna Baydakova20 sep 2018

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Genesis Mining to End Unprofitable Crypto Contracts

Cloud mining service Genesis Mining is forcing some clients to upgrade to a five-year subscription or else lose services, it announced Thursday.

Door Anna Baydakova16 aug 2018

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Bitmain Confirms New Crypto Mining Facility in Texas

Bitcoin mining hardware giant Bitmain is officially setting up shop in Rockdale, Texas, and expects to launch mining operations early next year.

Door Christine Kim, Nikhilesh De6 aug 2018

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A New Bitcoin Mining Calculator Aims to Tell 'Truth' on Profitability

A new type of profitability calculator has been released – and it brings bad news for many miners.

Door Alyssa Hertig2 aug 2018

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Chinese Region to Shut Down 'Illegal' Bitcoin Miners By September

China's Xinjiang autonomous region is set to halt "illegal" bitcoin mining operations by the end of August, a government agency has confirmed.

Door Wolfie Zhao23 jul 2018

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Bitcoin Mining Firms Make Unicorn List for First Time

For the first time, three bitcoin mining companies have made it onto a list of Chinese startups worth over $1 billion.

Door Wolfie Zhao18 jul 2018

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The Kodak KashMiner's Flashy Debut Ends In Failure

The much-publicized partnership that would have resulted in digital media brand Kodak's name appearing on a series of bitcoin miners is no more.

Door Christine Kim16 jul 2018

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PoWx: The New Effort to Change Bitcoin Mining Explained

Technologists unveiled a foundation dedicated to rewriting bitcoin's underlying tech, giving the long-controversial idea new wings.

Door Alyssa Hertig6 jul 2018

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Bitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto Guessing

A recent magazine cover attracted international commentary. After all, it isn't every day that relative unknowns are touted as "Bitcoin Kings."

Door Christine Kim1 jul 2018

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Chinese Police Arrest Crypto Miner for Power Theft

Chinese police have arrested a suspect on charges of alleged power theft, seizing 200 bitcoin and ethereum mining computers in the process.

Door Madeline Meng Shi25 jun 2018