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.

Videos

Marathon Digital CEO on 2022 BTC Mining Industry Outlook: 'Global Hashrate to Increase by 100%'

Fred Thiel, CEO of Marathon Digital Holdings, one of the largest bitcoin mining companies in North America, discusses the latest on the bitcoin mining industry and his outlook for 2022. Plus, insights into mining profitability and Marathon Digital's business operations.

Dec 27, 2021

Podcasts

Crypto Is for the Dissidents and Disenfranchised

By Nathaniel WhittemoreNov 14, 2021

Podcasts

And Just Like That, the US Has Become a Bitcoin Superpower

By Sheila Warren, Michael J. CaseyOct 15, 2021

Money Reimagined Digital Money Stage at Consensus 2022

Podcasts

The US Is Officially the Global Leader in Bitcoin Mining

By Nathaniel WhittemoreOct 13, 2021

Videos

Evergrande Debt Woes Hit Crypto, Mooncakes in the Metaverse

Crypto market hit by Evergrande’s debt woes. Bitcoin mining difficulty continues to rise. Modern Mid-Autumn sees mooncakes in the metaverse. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Sep 21, 2021

Podcasts

Laos Does About-Face on Bitcoin to Attract China’s Mining-Ban Refugees

By Nathaniel WhittemoreSep 16, 2021

Videos

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.

Aug 31, 2021

Videos

Bitcoin Breaks $48K for First Time Since May

Bitcoin is up 6% over the last 24 hours and has broken the $48,000 mark for the first time since May. "All About Bitcoin's" Week in Review panel discusses this watershed moment, Bitcoin's Lightning Network passing new milestones, the potential impact of the global Blockstream Satellite network on mining, and Japan's Liquid Global exchange hack.

Aug 20, 2021

Podcasts

These North American Bitcoin Firms Mined 59% More Bitcoin in July

By Nathaniel WhittemoreAug 13, 2021

Videos

Where Does Biden’s Infrastructure Bill Stand?

The U.S. Senate passed the $1 trillion bipartisan infrastructure bill without a crypto amendment to the House, which could face further skepticism from lawmakers. Aaron Tilton, SmartFi CEO and former Utah State Representative, discusses his take on where the bill stands, sharing insights into the U.S. political landscape.

Aug 13, 2021

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