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

Bitcoin Miner Argo Blockchain Faces Lawsuit Over Alleged Misleading Statements in U.S. Share Sale

Argo Blockchain, a crypto miner whose shares trade on the London Stock Exchange (ARB) and Nasdaq (ARBK), is facing a class-action lawsuit over alleged misleading statements made during the initial public offering (IPO) of its American depositary shares (ADS) in 2021. "The Hash" panel discusses what this means for the bitcoin mining industry.

Jan 27, 2023

Podcasts

Here Comes Nuclear-Powered Bitcoin Mining

By Nathaniel WhittemoreJan 25, 2023

Finance

CleanSpark, la empresa minera de Bitcoin , construye 50 MW adicionales de capacidad minera en su sitio de Georgia

La empresa minera aumentará su poder de cómputo entre un 25% y un 34% después de que el sitio estadounidense esté en línea.

By Eliza GkritsiJan 19, 2023

Work is underway for CleanSpark's expansion in Washington, Georgia. (CleanSpark)

Videos

A Look Back at Crypto in 2022 by CoinDesk Research

Bitcoin (BTC) and ether (ETH) followed a blistering 2021 with a 65% and 67% pullback in 2022. CoinDesk Research Associate George Kaloudis discusses crypto's price actions in the past year and how the market performance difficulties impacted bitcoin mining companies. Plus, a look back at the significance of the Ethereum Merge to the network's development and a review of crypto regulations in 2022.

Jan 9, 2023

Finance

Jefferies rebaja la calificación de la minera de Bitcoin Marathon Digital por retrasos en la construcción

El minero de Cripto con activos livianos no alcanzará su objetivo de tasa de hash de 23 EH/s para mediados de 2023, dijo el banco, al tiempo que redujo su precio objetivo a $4.

By Eliza GkritsiJan 9, 2023

Marathon Digital CEO Fred Thiel, at the Bitcoin conference in Miami (CoinDesk)

Finance

Stronghold Digital Mining intercambia deuda por acciones preferentes

La empresa minera de Bitcoin ha ido reduciendo su deuda desde el verano.

By Eliza GkritsiJan 3, 2023

Stronghold runs a coal refuse facility in Pennsylvania. (Stronghold Digital Mining)

Videos

Argo Blockchain Gets a Lifeline From Galaxy Digital

Bitcoin miner Argo Blockchain (ARBK) will avoid filing for bankruptcy protection after Galaxy Digital (GLXY) agreed to buy its Helios mining facility in Texas for $65 million and grant the miner another $35 million loan. "First Mover" hosts Christine Lee and Lawrence Lewitinn discuss the hardships the mining industry faces this crypto winter.

Dec 28, 2022

Finance

La minera de Bitcoin Argo Blockchain evitará la quiebra con un rescate de 100 millones de dólares de Galaxy Digital de Novogratz

Galaxy comprará la instalación Helios de Argo por 65 millones de dólares y proporcionará un préstamo de 35 millones de dólares para ayudar a la minera en medio de la reestructuración.

By Aoyon AshrafDec 28, 2022

Galaxy Digital CEO Mike Novogratz (Suzanne Cordiero/Shutterstock/CoinDesk)

Videos

Bitcoin's Computing Power Recovers After Falling Roughly 40%

The bitcoin mining hashrate, a measure of computing power on the blockchain, dropped about 100 exahash per second (EH/s), or 40%, to 156 EH/s, between Dec. 21 and Dec. 24, as a powerful storm swept across North America. It returned to about 250 EH/s as of Sunday. Christine Lee presents "The Chart of the Day."

Dec 27, 2022

Videos

Bitcoin Miners Power Down As Winter Storm Sweeps North America

Crypto miners across the U.S. powered down over the weekend as a powerful storm swept across North America, with computing power on the Bitcoin network dropping about 40%. "The Hash" panel discusses what this means for the bitcoin mining community.

Dec 27, 2022

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