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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 Mining Companies Need to Better Manage Risk
The energy and gold mining industries have historically accounted for price volatility with structured financial products. Do crypto miners need similar hedges?
Bitcoin Miner Bitfarms Warns of Default, Looks to Amend BlockFi Loan
The outstanding $20 million loan is secured by only $5 million in assets.
Bitcoin Pushes Above $19K for First Time Since FTX Collapse
Crypto-related stocks are making even larger gains as the rally in the sector continues.
Argo Blockchain's Bitcoin Mining Margin Widens Most in at Least a Year
December production fell 26% as Argo powered off during a Texas storm.
Hong Kong Firm With Ties to Bitmain Reorganizes to Focus on Crypto Asset Management and Hedging
Newly named Metalpha has its work cut out for it, hedging an uncertain market for institutional clients.
A Look Back at Crypto in 2022 by CoinDesk Research
Bitcoin (BTC) and ether (ETH) followed a blistering 2021 with a 65% and 67% pullback in 2022. CoinDesk Research Associate George Kaloudis discusses crypto's price actions in the past year and how the market performance difficulties impacted bitcoin mining companies. Plus, a look back at the significance of the Ethereum Merge to the network's development and a review of crypto regulations in 2022.
Hive Earned Equivalent of 184 BTC From Curtailing Its Power Use in December
The miner has also installed the first Buzzminers, computers it designed using Intel's new bitcoin mining chip.
Jefferies Downgrades Bitcoin Miner Marathon Digital on Construction Delays
The asset-light crypto miner won't reach its 23 EH/s hashrate target by mid-2023, the bank said, while also lowering its price target to $4.
Singapore Arbitrator Rules Against Mining Software Firm Poolin’s IOU Model, But the Firm Hasn't Paid Yet
Poolin had issued I-owe-you tokens in exchange for its users’ crypto deposits. A Singapore arbitrator said that’s not OK.
Bitcoin Miner Marathon Digital Pays Off Silvergate Revolving Credit
The company also reiterated its expectation to have 23 exahash per second of computing power around the middle of 2023.