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.

비디오

Impact of China’s Crypto Crackdown

Ben Gagnon, Chief Mining Officer of Canadian bitcoin miner BitFarms, on what to make of China’s crackdown on mining operations. Plus, his outlook for the mining community in China and across the globe.

2021년 6월 22일

비디오

Bitcoin Price Drops Below $30K for First Time Since January

Bitcoin is edging back up from a low below $30K, a key psychological threshold not met since January. “The Hash” team explores the potential factors driving BTC’s price drop, particularly concerns around China’s crypto mining crackdowns and its central bank ordering banks to stop facilitating crypto transactions in the country.

2021년 6월 22일

비디오

Stronghold Digital Mining Raises $105M to Turn Waste Coal Into Bitcoin

Digital asset mining firm Stronghold Digital Mining has raised $105 million to turn waste coal to bitcoin. This comes on the heels of rising concerns about bitcoin’s carbon footprint that have signaled pivots to more environmental, social, and governance (ESG)-friendly mining.

2021년 6월 22일

팟캐스트

Facts and Misinformation About ‘Green Bitcoin,’ With Jonathan Koomey

작성자 Dan Ilett, Anna Baydakova, Danny Nelson, Benjamin Schiller, Danny Bradbury2021년 6월 21일

비디오

Could the Heat and Feared Blackouts in Parts of the U.S. Affect Bitcoin Mining Operations?

Texas and other U.S. states across the West are facing energy grid shortfalls this summer as severe drought reduces the amount of water available for hydroelectric power generation, says the Wall Street Journal. CoinDesk's Christie Harkin and Brad Keoun discuss the possible impact of power shortages for miners in the area and the wider crypto mining community.

2021년 6월 18일

비디오

Bitcoin Remains Relatively Resilient Post-Fed as Fiat Currencies Drop Against Dollar

CoinDesk Managing Editor of Technology Christie Harkin and Managing Editor of Markets Brad Keoun discuss this past week's top stories moving the crypto markets, including the Fed's announcement of raising interest rates, hedge funds pledging more capital to crypto, the impact of El Salvador's currency law, rising ESG concerns, China's crackdowns on bitcoin mining operations, and Taproot activation.

2021년 6월 18일

비디오

Saylor: We Must Counter ‘Misinformation’ About Bitcoin’s Environmental Damage

At Wednesday’s Bitcoin Mining Council meeting, Microstrategy CEO Michael Saylor said a key problem in the crypto space isn’t bitcoiners, but the negative headlines about mining. “The Hash” hosts react to Saylor’s concerns about “misinformation” in bitcoin mining, discussing the larger role of the Bitcoin Mining Council.

2021년 6월 18일

비디오

Sichuan Becomes Latest Chinese Province to Order Bitcoin Miner Shutdown

In China's Sichuan province, the world's largest hydro-powered bitcoin mining area, Ya'an is set to shut down mining operations. "The Hash" panel discusses China's continued crackdowns on bitcoin mining operations and what this latest development means for the bitcoin community.

2021년 6월 18일

비디오

Bitcoin Tops $40K as Musk Says Tesla May Accept Crypto in Future

Bitcoin's price after Tesla CEO Elon Musk said the electric car company would resume accepting bitcoin for payments once it can be mined with at least 50% green energy. "The Hash" panel reacts.

2021년 6월 14일

비디오

BTC Pops as Musk Says Tesla Will Resume Taking Bitcoin as Payment Once Miners Go 50% Green

"If Elon offers [miners] very cheap energy, obviously the incentive will be there for some miners to use," Compass Mining's research director Zack Voell said on "All About Bitcoin." Because for as long as mining has existed, miners only want one thing: cheap energy.

2021년 6월 14일

Pageof 26