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.

Financiën

Bitcoin Miner Canada Computational Unlimited to Go Public

The company is set to trade on the TSX Venture Exchange in Toronto under the ticker symbol “SATO.”

Door Jamie Crawley9 sep 2021

Video's

Key Upsides to El Salvador’s Bitcoin Law

Edan Yago, a contributor to decentralized bitcoin trading and lending platform Sovryn, discusses his take on the potential positive impact of El Salvador rolling out bitcoin as legal tender despite growing skepticism and local protests just a week ahead of the move taking effect.

31 aug 2021

Markten

Bitcoin Hashrate Could Return to Record Sooner Than Expected

Chinese miners have been speeding up their migration to alternate locales while U.S. miners are expanding their capacity as bitcoin’s price rallies.

Door Frances Yue27 aug 2021

The bitcoin hashrate has made a powerful recovery in the past month.

Markten

Market Wrap: Crypto Pullback Deepens; Expect Higher Volatility

Analysts expect higher volatility ahead of Friday’s month-end expiry.

Door Damanick Dantes, Frances Yue26 aug 2021

Bitcoin 24-hour price chart, CoinDesk 20

Markten

Bitcoin Mining Difficulty Rises, Extending Recovery After China Crackdown

The Bitcoin blockchain's mining difficulty increased by 13%, but industry experts say operators are still looking at fat profits ahead.

Door Frances Yue25 aug 2021

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

Technologie

Bitcoin Miners Hold Onto Rigs, Betting the Bull Run Will Continue

Supply has dried up despite a glut of available bitcoin mining rigs since China’s crackdown in May.

Door David Pan25 aug 2021

Inside Bitmain Technologies Ltd.'s Bitcoin Mine

Markten

KuCoin Launches Proof-of-Work Mining Pool

KuCoin says the pool will incentivize the use of renewable energy.

Door Eliza Gkritsi25 aug 2021

Hydroelectric energy is widely used as a source of clean power for mining.

Markten

Market Wrap: ‘Extreme Greed’ for Bitcoin Falters at $50K

“The fear is gone for now, and the market is optimistic,” Arcane Research wrote in a Tuesday newsletter. But not enough to keep bitcoin's price above $50K.

Door Damanick Dantes, Frances Yue24 aug 2021

Financiën

Riot Blockchain Reports Record Q2 Results

The bitcoin mining company reported revenue and sales results that beat analyst estimates for the second quarter.

Door Nelson Wang23 aug 2021

Markten

Cuando China habló, bitcoin reaccionó. ¿Cuando lo hizo Estados Unidos? No tanto

Días después de que China reiterara medidas drásticas contra el segmento cripto, bitcoin cayó hasta 30%. Estados Unidos, por su parte, parece no ser el centro del universo cripto.

Door Emily Parker23 aug 2021