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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 Miner Riot Posts Mixed Q2 Earnings Report, Sees Growing Consolidation in Industry
Riot Platforms reported its second-quarter earnings after the close on Wednesday.
Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan
The world's largest crypto mining machine maker is set to take a $54 million stake in Core Scientific as the miner emerges out of Chapter 11 proceedings.
Marathon Digital Solidifies Position as World's Largest Publicly Traded Bitcoin Miner
Marathon continues to pull away from the former leader, Core Scientific.
‘We’re Compute Cowboys’: Gideon Powell on the Pioneer Spirit Driving Bitcoin Mining
An interview with the CEO of Cholla Inc., an oil & gas exploration company that’s investing in bitcoin mining.
Mining Bitcoin Is an Act of Freedom
Because it is an act an of service, CryptoQuant researcher Burak Tamaç writes in a Mining Week essay.
Marathon Digital-Linked Startup Auradine CEO Weighs in on Future of Bitcoin Mining
As part of CoinDesk's Mining Week, presented by Foundry, Auradine CEO Rajiv Khemani joins "The Hash" to discuss the future of bitcoin mining technology and operations in the U.S. amid crypto winter. CoinDesk and Foundry are both owned by DCG.
Behind-the-Scenes Look at How DIY Bitcoiners Make Home Mining Feasible
From an ASIC-heated swimming pool to a handmade soundproof container, "The Hash" panel discusses the various ways of potentially making at-home mining feasible and profitable, with host Will Foxley describing his current setup. This story is part of CoinDesk's 2023 Mining Week, sponsored by Foundry. Foundry and CoinDesk are both owned by DCG.
Bitcoin Mining Computing Power May Drop as Much as 30% After Halving: Experts
Machine efficiency and low cost of power are key to surviving the bitcoin halving, industry figures tell CoinDesk.
Bitcoin Mining Is an Oligopoly, and Proof-of-Stake Isn't Any Better
Current ways of securing blockchains are essentially zero-sum games where miners win when users lose, Boto founder Breno Araujo writes.
Public Mining Companies Offer Better-Than-Bitcoin Price Exposure in 2023
Core Scientific (CORZ), Riot Blockchain (RIOT), Bitfarms (BITF), Iris Energy (IREN) and CleanSpark (CLSK) have performed better than BTC this year, as this chart shows.
