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.

Finance

Bitcoin Miner Argo Blockchain's CFO Alex Appleton Quits

Appleton, who has served in this role since September 2020, is departing to "pursue other opportunities"

By Jamie CrawleyFeb 1, 2023

Finance

Bitcoin Miner Core Scientific to Borrow $70M From B. Riley

The firm said the loan will enable it to replace an existing facility and give it "up to 15 months runway and significant flexibility."

By Jamie CrawleyJan 31, 2023

Riot Platforms’ acquisition of Block Mining makes sense, JPMorgan says. (Sandali Handagama)

Videos

Bitcoin Miner Argo Blockchain Faces Lawsuit Over Alleged Misleading Statements in U.S. Share Sale

Argo Blockchain, a crypto miner whose shares trade on the London Stock Exchange (ARB) and Nasdaq (ARBK), is facing a class-action lawsuit over alleged misleading statements made during the initial public offering (IPO) of its American depositary shares (ADS) in 2021. "The Hash" panel discusses what this means for the bitcoin mining industry.

Jan 27, 2023

Finance

Bitcoin Miner Gryphon to Go Public Via All-Stock Merger With Cannabis Firm Akerna

Gryphon previously terminated plans to go public via a reverse merger with Sphere 3D.

By Aoyon AshrafJan 27, 2023

Finance

Bitcoin Miner Argo Blockchain Faces Class-Action Suit Over US Share Sale

Argo failed to disclose that it suffered from significant capital constraints as well as electricity and network difficulties, the suit says.

By Jamie CrawleyJan 27, 2023

Podcasts

Here Comes Nuclear-Powered Bitcoin Mining

By Nathaniel WhittemoreJan 25, 2023

Finance

Bitcoin Miner CleanSpark Builds 50MW Additional Mining Capacity at Georgia Site

The mining firm will increase its computing power by 25% to 34% after the U.S. site goes online.

By Eliza GkritsiJan 19, 2023

Work is underway for CleanSpark's expansion in Washington, Georgia. (CleanSpark)

Tech

Hive Blockchain Deploys First Intel-Powered Bitcoin Mining Machines

The Canadian miner expects the machines to bring 110 to 130 terrash/second of computing power each.

By Eliza GkritsiJan 13, 2023

Opinion

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?

By Nathan CoxJan 13, 2023

Antminer bitcoin mining rigs displayed at Consensus 2021 (Christie Harkin/CoinDesk)

Finance

Bitcoin Miner Bitfarms Warns of Default, Looks to Amend BlockFi Loan

The outstanding $20 million loan is secured by only $5 million in assets.

By Eliza GkritsiJan 13, 2023