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.

Podcasts

Is Mining Bitcoin Actually Good in Texas? With Tom Masiero

By William FoxleyJan 30, 2024

Wealth Optimization Strategies For Bitcoiners

Podcasts

Are You Ready for the Bitcoin Halving, Anon?

By William FoxleyJan 26, 2024

Podcasts

Mine Bitcoin At Home, With John Stefanopoulos of FutureBit

By William FoxleyJan 23, 2024

Videos

SoFi to End Crypto Services; Jack Dorsey's Latest Crypto Moves

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto stories of the day, including the latest developments for Binance as founder and former CEO Changpeng "CZ" Zhao steps down as chairman of the global exchange's U.S. affiliate's board. SoFi tells its crypto customers it is ending crypto services next month. Plus, Jack Dorsey leads a $6M seed funding round for a decentralized bitcoin mining pool.

Nov 29, 2023

Policy

Celsius sa Transition to Mining-Only NewCo After SEC Feedback sa Updated Bankruptcy Plan

Noong Lunes, ilang oras bago ang anunsyo ng Celsius , iniulat ng CoinDesk na gusto ng SEC ng karagdagang impormasyon tungkol sa mga asset ng dating Crypto lender.

By Amitoj SinghNov 21, 2023

SEC Chair Gary Gensler in Washington on Oct. 25, 2023 (Jesse Hamilton/CoinDesk)

Videos

Marathon Digital CEO on Testing BTC Mining With Methane Gas From Waste Landfill

Bitcoin miner Marathon Digital has teamed up with Nodal Power for a 280 kilowatt pilot mining project in Utah that is using methane gas generated from landfill waste to power mining operations. Marathon Digital Holdings CEO Fred Thiel discusses the partnership and the broader state of bitcoin mining, explaining how "long-term, bitcoin miners can essentially become energy negative."

Nov 7, 2023

Videos

Bitcoin Mining Stocks Climb This Week as BTC Hovers Near 17-Month High

Bitcoin mining stocks soared Thursday as bitcoin (BTC) itself traded around a 17-month high. Shares of U.S.-listed mining companies such as Marathon Digital (MARA), Riot Platforms (RIOT) and CleanSpark (CLSK) rallied during the day amid a wider surge in equities. The largest cryptocurrency by market cap is currently trading around $34,500. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Nov 3, 2023

Videos

Ex-Celsius Exec Pleads Guilty; Coinbase Earned $1M Amid Hack

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto headlines today, including details on a former Celsius Network executive pleading guilty to U.S. criminal charges. According to market observers, Coinbase is sitting on a roughly $1 million profit tied to a hack. And, bitcoin mining pool F2Pool has returned 19.8 bitcoin (BTC) to Paxos.

Sep 15, 2023

Videos

Bit Digital CEO on Q2 Earnings, Headwinds in the Mining Industry

Mining company Bit Digital reported its latest quarterly earnings results this week. The company earned 318.4 bitcoins during the second quarter of 2023. Bit Digital CEO Sam Tabar joins "First Mover" to discuss why bitcoin's (BTC) price is a major headwind for the mining industry. Plus, insights on their nearly carbon-free operations and the miner's fairly recent expansion into Iceland.

Aug 17, 2023

Consensus Magazine

'We're Compute Cowboys': Gideon Powell sa Pioneer Spirit Driving Bitcoin Mining

Isang panayam sa CEO ng Cholla Inc., isang kumpanya ng oil at GAS exploration na namumuhunan sa pagmimina ng Bitcoin .

By Daniel KuhnJul 28, 2023

Gideon Powell, who runs the family business Cholla Mining, sees bitcoin miners as modern day wildcatters. (Gideon Powell)

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