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.

Vídeos

'We're Mining as Usual' in Market Downturn: White Rock Management CEO

White Rock Management CEO Andy Long discusses how the company is still keeping mining operations running despite the turbulent crypto market. "You have to make sure that your operations are efficient" and not to "over-leverage yourself before the bear market," he said.

22 de set. de 2022

Finanças

Amid Market Rout, Crypto Miners Are Still Building

Crypto miners are still developing innovative data centers despite a souring market that has some miners struggling to survive.

Por Eliza Gkritsi21 de set. de 2022

El bear market afectó los precios de minería de bitcoin. (Marko Ahtisaari/Flickr)

Finanças

Riot Blockchain Sues Northern Data Over Disclosures Related to Texas Bitcoin Mine Acquisition

This is the second lawsuit related to the giant Texas mine that Riot acquired last year.

Por Eliza Gkritsi21 de set. de 2022

A close-up of one of Riot's mining rigs. (Riot Blockchain)

Finanças

DeFi Platform Maple Finance Aims to Help Struggling Bitcoin Miners With $300M Lending Pool

The DeFi platform is launching its first fully collateralized, industry-specific lending pool with up to 20% interest rate as bitcoin miners are finding it tough to raise capital.

Por Eliza Gkritsi20 de set. de 2022

A Bitfarms mining facility in Washington State. (Eliza Gkritsi/CoinDesk)

Finanças

Bitcoin Miner Bitfarms Starts Production in Argentina, Increases Hashrate to 4.1 EH/s

The Canadian company plans to open a second mining site in the country, which has low electricity costs, next year.

Por Eliza Gkritsi19 de set. de 2022

Un empleado de Bitfarms supervisa hardware de minería de bitcoin. (Aoyon Ashraf/CoinDesk)

Finanças

Bitcoin Miner Iris Rises as Compass Point Upgrades on Potential Boost in Hashrate

Compass Point’s analyst upgraded Iris’ stock to a buy recommendation from a neutral.

Por Michael Bellusci14 de set. de 2022

Vídeos

Mining Pool Poolin Will Issue 'IOU' Tokens After Withdrawal Freeze

Poolin Wallet, the wallet service of one of the largest bitcoin (BTC) mining pools, has announced it will issue IOU (I Owe You) tokens to customers impacted by frozen withdrawals last week. "The Hash" panel discusses what this means for the mining community.

13 de set. de 2022

Finanças

Crypto Tech Firm BlockFills to Offer ESG Credits to Miners

The firm said it is working with Isla Verda Capital to sell carbon offsets to miners who get their power from renewable energy sources.

Por Eliza Gkritsi13 de set. de 2022

Vídeos

White House Releases Report on Crypto Mining, Drawing Praise From Advocates and Critics

The Biden administration’s new findings on bitcoin (BTC) mining’s environmental impact united industry advocates and critics; Both sides declared their views had support from the highest levels of the U.S. government. “The Hash” panel discusses what this means for the future of the mining industry and whether the optimism stays.

12 de set. de 2022

Política

White House Crypto Mining Report Draws Praise From Advocates and Critics Alike

The report called on standards to limit the industry’s environmental footprint, or else limit the industry itself.

Por Eliza Gkritsi12 de set. de 2022

The White House's report on crypto mining and its environmental impact drew praise from both industry advocates and critics alike. (Ana Lanza/Unsplash)