- 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 Miner Sphere 3D Sues Partner Gryphon Digital
Gryphon sent $500,000 worth of its business partner's bitcoin to a hacker pretending to be Sphere 3D's CFO, the lawsuit claims.
U.S. Bitcoin Corp. Settles With Niagara Falls City to Resume Bitcoin Mining
The firm is currently trying to complete a merger with Canadian Hut 8 Mining.
Texas Bill Limiting Benefits for Crypto Miners Unanimously Passes Committee Vote
Texas is a major hub for bitcoin miners, many of whom have taken advantage of demand response programs the legislation looks to curb.
Bitcoin Miner Marathon Digital's CFO to Retire After One Year
The search for a new chief financial officer is already in progress.
Bitcoin Miner TeraWulf Reports 146% Increase in Revenue as It Ramps Up Operations
The company reiterated its 5.5 EH/s computing power target for the second quarter of this year.
Future of Bitcoin Mining in Paraguay
Earlier this month, Canadian crypto miner Pow.re secured a contract for 100 megawatts (MW) of power in Paraguay, according to a press release sent to CoinDesk. Pow.re CEO Mike Cohen joins "All About Bitcoin" to discuss the state of bitcoin mining in the country.
Bitcoin Miner Stronghold Raises Year-End Hashrate Guidance to 4 EH/s
Fourth-quarter revenue of $23.4 million was driven mainly by selling energy to the power grid rather than crypto mining.
North Korea Hackers Likely Exploit Cloud Mining to Launder Stolen Crypto, Research Shows
The APT43 group steals crypto to fund operations and launders it through cloud mining services.
Bankrupt Crypto Lender BlockFi Given Go-Ahead for Sale of $4.7M of Mining Rigs
The approval came from the U.S. Bankruptcy Court in New Jersey, which is overseeing BlockFi's case.
Immersion Cooling Firm LiquidStack Secures Series B Funding to Build Manufacturing in U.S.
The company says it can reduce the carbon footprint and land and water use of bitcoin miners through its technology.