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.


Tech

Bitmain Says New Liquid Cooling Miner Is its Most Power-Efficient Model to Date

The S19 XP Hyd. will deliver 255 TH/s at 20.8 J/T.

Bitmain's new Antminer S19 XP Hyd. (Bitmain)

Tech

Bitcoin Miners’ February Production Fell on Shorter Month, Winter Storm

Mining power increased for most miners from the previous month as miners continue their growth plans.

A technician monitors cryptocurrency mining rigs at a Bitfarms facility in Saint-Hyacinthe, Quebec.

Finance

Owner of Bitstream Mining to List on Nasdaq

The small miner has bought 5,000 used Canaan mining rigs and has an agreement to host Bitmain s19 Pros in Texas.

A bitcoin mining farm. (Marko Ahtisaari/Flickr)

Finance

Crypto Miner Argo’s Monthly Sales, Bitcoin Output Fell on Higher Difficulty, Winter Storm

Argo Blockchain’s mining margin in February also narrowed from the previous month.

A bitcoin mining farm. (Marko Ahtisaari/Flickr)

Finance

Bitcoin Miner Mawson Signs Second Hosting Deal in a Week

The new deal will bring the company’s total hosting co-location power capacity to 114MW, up from just 2MW at the end of 2021.

Bitcoin mining at the CryptoUniverse Farm, in Russia.

Finance

Cipher Mining Scraps Plan to Buy Bitfury Rigs, Sticks With Bitmain, MicroBT

The miner wants to stay nimble to grab opportunities in a fast market, the CEO said.

A bitcoin mining farm. (Marko Ahtisaari/Flickr)

Finance

Genesis Digital Assets Plans 100% Clean Energy Mining Center in Sweden

The new facility will be powered by a mix of hydro, nuclear and wind energy sources.

hydro electric dam

Finance

Bitcoin Miner Mawson to Expand U.S. Mining Facility Capability to 7.5 EH/s

The facility in Sandersville, Georgia, will mainly use nuclear and hydro energy sources.

Cryptocurrency mining machines

Finance

Bitcoin Miner Gem Increases Hashrate by 23%; Bitcoin Production Falls

The privately held miner’s monthly revenue fell in February.

Mining equipment. (Shutterstock)

Finance

Marathon Digital’s Q4 Revenue Rises 17% From Q3, but Misses Estimates Slightly

Mined bitcoin in Q4 fell about 12% from the previous quarter, but rose more than 600% year-over-year.

Marathon Digital to Buy $121M of Mining Machines