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.


Opinião

Why Bitcoin Mining Is a Matter of National Security

Buying and holding bitcoin (BTC), the asset, is not what gives people power over the Bitcoin network.

The ESG Debate of Bitcoin Mining

Finanças

Digihost Becomes First Publicly Traded Miner to Offer Bitcoin Dividend Payments

The miner also expects a 1.5 exahash per second (EH/s) of average hashrate for 2022, which is about 5.5x more than its 2021 mining power.

Bitcoin miners

Finanças

Bitcoin Miner PrimeBlock Plans to Go Public With $1.25B SPAC Merger

The deal is expected to close in the second half of this year.

Crypto mining machines. (lmstockwork/Shutterstock)

Finanças

CleanSpark Aims to Be Among Top Bitcoin Miners With Up to 500MW Expansion

The deal with Houston-based Lancium will give CleanSpark a mining hashrate of 10.4 EH/s by spring 2023.

Solar panels on a CleanSpark client's roof. (Danielle Nazareno/CleanSpark)

Mercados

Market Wrap: Cryptos Mixed as Volatility Fades; Analysts See Risk of Selling Pressure

Traditional safe-haven assets declined on Tuesday as Russia-Ukraine tensions eased, but some indicators point to a pause in the risk-on rally.

Volatility ahead (Matt Hardy/Unsplash)

Tecnologia

Bitcoiners Scoff at Chris Larsen's $5M Campaign to Force a BTC Code Change

The Ripple executive and allies at Greenpeace assume that all it takes for a fundamental change to bitcoin's code is getting 50 firms and core developers on board.

Ripple Executive Chairman Chris Larsen (Ripple)

Finanças

DA Davidson Cuts Miner Stronghold’s Target by 40% Ahead of Earnings

The stock is still “super cheap” compared to other mining peers, analyst says.

Stronghold Digital Mining CEO Greg Beard (right) and Co-Chairman Bill Spence (left). 
(Stronghold Digital Mining)

Finanças

Bitfarms Reports Q4 Revenue Growth of 33% to $60M, Along With Margin Expansion

The miner booked full-year revenue of $169 million, up 383% versus 2021.

(Aoyon Ashraf)

Finanças

Bitcoin Miner Iris Energy Gets $71M Equipment Financing From NYDIG

The financing is backed by 19,800 Bitmain S19j Pro miners that have hashrate of about 1.98 exahash per second.

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

Layer 2

Is Miner Concentration Once Again Jeopardizing Bitcoin? Not Exactly

The high percentage of hashrate now located in North America may look like China 2.0, but the reality is more complicated.

The bitcoin mining industry is concentrating in the U.S. (Melody Wang/CoinDesk)