- 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.
Bitcoin Mining Stocks Climb This Week as BTC Hovers Near 17-Month High
Bitcoin mining stocks soared Thursday as bitcoin (BTC) itself traded around a 17-month high. Shares of U.S.-listed mining companies such as Marathon Digital (MARA), Riot Platforms (RIOT) and CleanSpark (CLSK) rallied during the day amid a wider surge in equities. The largest cryptocurrency by market cap is currently trading around $34,500. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Bitcoin Miner Marathon Tests BTC Mining With Methane Gas From Waste Landfill
The 280 Kilowatt (kW) pilot project in Utah is already operational.
Bitcoin Mining Stocks Rally as BTC Holds Above $30K Despite Looming Halving Concerns
The reward for mining new BTC will be cut in half soon, making it hard for less-efficient operators to survive.
Bitcoin Miner Bit Digital Diversifies Into AI for 'Substantially Higher Margin' Than Mining
The firm is looking for a "reliable income stream ... that is uncorrelated to bitcoin prices."
Bitcoin Miner Marathon to Custody Some of Its BTC With Fidelity Digital
The miner is adding Fidelity to diversify its bitcoin (BTC) custody.
Bitcoin Mining Industry Is at a ‘Crucible Moment,’ JPMorgan Says
The bank initiates research coverage of CleanSpark (top pick), Marathon Digital, Riot Platforms and Cipher Mining.
Galaxy's Head of Mining Amanda Fabiano Departed to Start Consulting Company
Fabiano’s new company will work with bitcoin mining companies including Compass Mining and Giga Energy.
Ex-Celsius Exec Pleads Guilty; Coinbase Earned $1M Amid Hack
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto headlines today, including details on a former Celsius Network executive pleading guilty to U.S. criminal charges. According to market observers, Coinbase is sitting on a roughly $1 million profit tied to a hack. And, bitcoin mining pool F2Pool has returned 19.8 bitcoin (BTC) to Paxos.
An Open Letter to President Biden Regarding Bitcoin Mining
Proof-of-work mining could be a key component of the administrations plans to expand renewables and upgrade America's infrastructure.
Bit Digital CEO on Q2 Earnings, Headwinds in the Mining Industry
Mining company Bit Digital reported its latest quarterly earnings results this week. The company earned 318.4 bitcoins during the second quarter of 2023. Bit Digital CEO Sam Tabar joins "First Mover" to discuss why bitcoin's (BTC) price is a major headwind for the mining industry. Plus, insights on their nearly carbon-free operations and the miner's fairly recent expansion into Iceland.