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.


Finanzas

Stronghold Digital Beats Q1 Revenue Estimates, Misses on Earnings

Shares of the bitcoin miner that uses waste coal for energy fell slightly in after-hours trading.

Stronghold Digital Mining Inc.,

Finanzas

Celsius Network Files Draft S-1 Form to Take Its Mining Unit Public

The filing is expected to become effective after the SEC completes its review process, subject to market and other conditions.

The Celsius both at Bitcoin Miami 2022 (Danny Nelson/CoinDesk)

Finanzas

Mawson to Develop New Bitcoin Mining Site in Texas

The facility could accommodate up to 4 EH/s of mining power.

Riot Blockchain is acquiring a bitcoin mining center in Texas.

Finanzas

Bitcoin Miner Bitfarms Lowers Hashrate Outlook to 6 EH/s This Year

The miner is still assessing other opportunities to expand its capacity to as much as 8 EH/s by the end of the year.

Bitfarms' mining facility in Quebec (Aoyon Ashraf for CoinDesk)

Mercados

CleanSpark, Hut 8 Stocks Lead Bitcoin Miner Rally as Markets Bounce Back

Those miners with larger operations and lower costs are winning favor with investors amid volatile market conditions.

Bitcoin miners on the rise on Friday. (Francesco Carta fotografo/Getty images)

Finanzas

Core Scientific Cites Crypto Market Turmoil in Lowering Its Growth Outlook

The miner said it has also received overtures about potential M&A deals as some other miners struggle to finance their growth.

Core Scientific CEO Mike Levitt (Danny Nelson/CoinDesk)

Finanzas

Core Scientific Cuts Hashrate Outlook, Q1 Revenue Misses Estimates

Despite the shortfalls, the bitcoin miner's shares were up in after-hours trading.

Core Scientific's mining facility in Calvert City, Ky. (CoinDesk archives)

Finanzas

Bitcoin Miner Iris Energy Reiterates Hashrate View; Revenue Misses Estimates

The miner’s adjusted EBITDA margin slipped to 48% in the fiscal third quarter versus 72% in the prior quarter and 57% a year ago.

Cryptocurrency mining rigs sit on racks. (James MacDonald/Bloomberg via Getty Images)

Tecnología

Bitcoin Miner Argo Blockchain 'Leans Toward' Designing Custom Miners With Intel Chips

Custom bitcoin mining rigs will allow miners to design their own machines instead of having to settle for ready-made ones from a duopoly of manufacturers.

Bitcoin mining ASICs submerged in immersion cooling liquid at a facility in South Spain. (Eliza Gkritsi)

Finanzas

Hive to Consolidate Shares to Attract More Institutional Investors

The crypto miner will have a 5-to-1 reverse stock split.

A crypto mining farm (Sandali Handagama/CoinDesk)