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

Los mineros de Bitcoin se aferran a sus plataformas y apuestan a que el mercado alcista continuará

La oferta se ha agotado a pesar de un exceso de plataformas de minería de Bitcoin disponibles desde la ofensiva china en mayo.

By David PanAug 25, 2021

Inside Bitmain Technologies Ltd.'s Bitcoin Mine

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

Videos

Largest Hack in DeFi History, ADA Hits Two-Month High

Poly Network suffers the largest hack in DeFi history. Small and mid-sized miners suffer in China exodus, and Cardano’s ADA hits a two-month high. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

Aug 11, 2021

Videos

Marathon Digital to Buy $121M of Mining Machines

Las Vegas-based mining company Marathon Digital, which some say is helping drive bitcoin mining investment in North America, has reportedly agreed to buy 30,000 Antminer S19J Pro bitcoin mining machines worth $120.7 million from major ASIC chips manufacturer Bitmain.

Aug 2, 2021

Videos

Busan Plans Digital Asset Exchange, Tencent Launches Digital IOUs

The Korean city of Busan plans a digital asset exchange. Bitcoin mining difficulty on the increase. Tencent launches a digital IOU platform. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

Jul 30, 2021

Videos

Bitcoin Miners Can Escape US Taxes by Mining Direct to IRAs

Through an agreement with Choice IRA, a crypto-friendly retirement offering by digital asset custodian Kingdom Trust, U.S. clients of Compass Mining can now avoid a tax on the bitcoin they mine by buying mining hardware through their individual retirement accounts (IRAs). "The Hash" team digs into the development and the implications for investors.

Jul 29, 2021

Videos

India Admits No Crypto Data; Korean Crypto Investor Numbers Plummet

Crypto mining investment outside China booms. India’s government admits it collects no data on crypto exchanges. Number of new crypto investors plummets in South Korea. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

Jul 29, 2021

Videos

Binance CEO Willing To Step Down

Bitmain spins off Antpool bitcoin mining pool. Indian banks invest in blockchain technology. Binance CEO reconfirms he is willing to step down. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast”.

Jul 28, 2021

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