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

Which Energy Sources are Bitcoin Miners Using?

Bitcoin mining has been attacked for being environmentally taxing, but many mining operations are actually powered with renewable energy. Christine Lee breaks down the power sources used by miners worldwide in today's Chart of the Day.

Apr 22, 2021

Videos

Is Bitcoin Mining Really Bad for the Environment?

It’s Earth Day, and many in the crypto sphere are thinking about ways to make crypto mining more environmentally friendly. Jesse Phillips of Binance Mining Pool joins “First Mover” to discuss the energy impact of crypto mining, how it compares to the fiat economy, and how mining pools can make crypto mining more eco-friendly.

Apr 22, 2021

Videos

How a Chinese Mining Accident Caused a Bitcoin 'Flash Crash'

Blackouts in China caused by coal plant accidents have been blamed for knocking out the world's biggest bitcoin mining operation in Xinjiang and cutting the global hashrate by nearly 50%. But despite the panic, the Bitcoin network continued to function normally. Jason Les of Riot Blockchain joins "First Mover" to discuss the resilience of the Bitcoin network.

Apr 21, 2021

Markets

Las transacciones de Bitcoin son más caras que nunca

El máximo histórico en tarifas coincide con una tormenta perfecta de máximos históricos en dificultad y demanda de bloques.

By Colin Harper, Blockspace MediaApr 21, 2021

Various data from mempool.space detailing bitcoin transaction costs. (April 21, 2021)

Markets

Blockcap extrajo 544 Bitcoin en el primer trimestre, mientras que Riot obtuvo 491

Ambas empresas planean añadir importante potencia informática a sus flotas durante el resto del año.

By Colin Harper, Blockspace MediaApr 16, 2021

Videos

Miners ‘HODL’ in Bullish Sign for BTC

Bitcoin miners are holding onto their earned bitcoin more than they are selling it, according to a chart by GlassNode. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

Apr 12, 2021

Videos

Meltem Demirors Explains the Crypto Climate Accord and Seeks to Set the Bitcoin Mining Energy Record Straight

Bitcoin and other decentralized networks are notoriously leaderless, which makes organization challenging. So how will the new Crypto Climate Accord get the entire industry on board with its plan for net-zero emissions from mining by 2025? Meltem Demirors, chief strategy officer of CoinShares, joins "First Mover" to discuss her company's involvement in the accord and dispel myths around crypto networks destroying the environment.

Apr 9, 2021

Videos

Ripple, ConsenSys and CoinShares Join Crypto Climate Accord

As the debate over bitcoin’s environmental impact re-emerges, several major players are joining the Crypto Climate Accord, an initiative aimed at ensuring the crypto industry runs on renewable energy by 2025. “The Hash” panel discusses the crypto energy debate and the impact that the Crypto Climate Accord could have on mining.

Apr 8, 2021

Markets

Una empresa de tecnología financiera que cotiza en bolsa acuerda adquirir una FARM minera china por 9 millones de dólares

La compra de Future FinTech está en línea con el creciente interés que el sector Finanzas y tecnológico tradicional ha mostrado en Bitcoin últimamente.

By Colin Harper, Blockspace MediaApr 2, 2021

The Sichuan region of China is rich in cheap hydro power.

Videos

Miami Mayor Wants City to Be a 'Clean' Mining Hub for Crypto

90% of crypto is currently mined outside the United States – something Francis Suarez, the mayor of Miami, is trying to change. Suarez wants Miami to become a "clean energy" bitcoin mining hub, possibly powered by nuclear energy. Nik De reviews the feasibility of Suarez's plan. Plus, an update on the contenders to lead the Office of the Comptroller of the Currency (OCC).

Mar 29, 2021

Pageof 36