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 Miners Giving Up on New York Amid Regulatory Uncertainty

New York’s bitcoin mining companies are increasingly considering abandoning their aspirations in what was once a promised land. This comes as the state’s Senate considers a bill to ban new mining projects that use carbon-based energy sources, pending a review of the industry’s environmental impact.

May 19, 2022

Podcasts

New Data Shows Underground Bitcoin Mining Thriving in China

By Nathaniel WhittemoreMay 17, 2022

Videos

Bitcoin Mining Appears to Have Survived Ban in China

China, once the world’s second largest crypto miner, has re-emerged as a major bitcoin mining hub despite last year’s ban. According to the Cambridge Centre for Alternative Finance (CCAF), miners have engaged in underground activity in the country.

May 17, 2022

Podcasts

Bitcoin Mining and the Return of Realpolitik

By Nathaniel WhittemoreApr 10, 2022

Layer 2

La concentration des mineurs met-elle à nouveau en péril Bitcoin? Pas exactement

Le pourcentage élevé de hashrate actuellement situé en Amérique du Nord peut ressembler à celui de la Chine 2.0, mais la réalité est plus compliquée.

By Aoyon AshrafMar 26, 2022

The bitcoin mining industry is concentrating in the U.S. (Melody Wang/CoinDesk)

Layer 2

Comment les producteurs d'hydroélectricité du nord de l'Italie sont devenus des mineurs de Bitcoin

À la recherche de durabilité économique, les producteurs d'hydroélectricité du nord de l'Italie se tournent vers l'extraction de Bitcoin .

By Sandali HandagamaMar 25, 2022

The Valstagna hydropower plant located in the Veneto region of Italy houses 300 ASIC miners set up by Alps Blockchain. (Sandali Handagama)

Layer 2

7 plates-formes minières Bitcoin sauvages

Voici quelques-unes des fonctions innovantes et parfois hilarantes que les mineurs de Bitcoin ont trouvées pour leurs plates-formes.

By Jeff WilserMar 24, 2022

MintGreen heating whisky using bitcoin mining rigs (MintGreen)

Opinion

Pourquoi le débat sur le minage de Bitcoin est-il si dysfonctionnel ?

La spécialisation est nécessaire, mais les bitcoiners et les mineurs doivent Guides à s'écouter les uns les autres, explique Will Foxley, directeur du contenu chez Compass Mining.

By William FoxleyMar 24, 2022

Layer 2

Pourquoi le minage de Crypto est-il vraiment important ?

Les arguments idéologiques sur la preuve de travail et la preuve d'enjeu passent à côté de l'essentiel : le minage signifie la production d'une vérité objective, explique le futurologue Dan Jeffries. Cet article fait partie de la Semaine minière de CoinDesk.

By Dan JeffriesMar 24, 2022

A crypto mining farm (Sandali Handagama/CoinDesk)

Layer 2

L'état du minage de Bitcoin et Ethereum en 10 graphiques

Ce fut une année en dents de scie pour l'exploitation minière de Bitcoin et Ethereum : voici ce que montrent les données.

By George Kaloudis, Sage D. YoungMar 23, 2022

(CoinDesk Research, Cambridge Centre for Alternative Finance)

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