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.

Финансы

Marathon Digital Solidifies Position as World's Largest Publicly Traded Bitcoin Miner

Marathon continues to pull away from the former leader, Core Scientific.

Автор Eliza Gkritsi3 авг. 2023 г.

Fred Thiel at Bitcoin 2023. (Frederick Munawa)

Consensus Magazine

‘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.

Автор Daniel Kuhn28 июл. 2023 г.

Gideon Powell, who runs the family business Cholla Mining, sees bitcoin miners as modern day wildcatters. (Gideon Powell)

Мнение

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.

Автор Burak Tamac27 июл. 2023 г.

Hannah arendt (Barbara Niggl Radloff/Wikimedia Commons)

Видео

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.

27 июл. 2023 г.

Видео

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.

27 июл. 2023 г.

Consensus Magazine

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.

Автор Eliza Gkritsi26 июл. 2023 г.

New and old bitcoin mining rigs at CleanSpark's site in Georgia.

Мнение

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.

Автор Breno Araujo26 июл. 2023 г.

we demand democracy protest sign (Fred Moon/Unsplash, modified by CoinDesk)

Рынки

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.

Автор George Kaloudis26 июл. 2023 г.

Bitmain Antminer S19 Hydro mining rigs, the company's latest technology, installed at a Merkle Standard facility in Washington state. (Eliza Gkritsi/CoinDesk)

Consensus Magazine

Bitcoin Mining Machine Efficiency Doubled in Five Years

A recent report by Coin Metrics has news for fans of energy efficiency: ASIC miners overall are reducing their energy consumption per coin produced. But which are the most efficient? For Mining Week, CoinDesk dug deeper to determine which of 11 popular mining machines were the most competitive.

Автор Jeanhee Kim26 июл. 2023 г.

Мнение

Revenue Constraints Will Drive Bitcoin Mining to Sustainability

Proof-of-work mining has a place in global renewable energy adoption. But its larger role is ensuring economic freedom and liberty if nations are destabilized by climatic pressures.

Автор Margot Paez25 июл. 2023 г.