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.


Technologies

Square Crypto Funds Bitcoin Developer to Improve Mining Pool Software

Square Crypto’s latest grant will fund a developer’s work on software that could improve how mining collectives pool hash power.

bitcoin mining green

Marchés

Cryptocurrency Miner Hive Blockchain Passes $1B Market Value

Hive last had a $1 billion market value in November 2017.

Weekly price action for shares of Hive Blockchain

Marchés

Bitcoin Miners See Revenue Per TH/s Nearly Triple in 3 Months

Mining revenue has reached its highest mark since early August 2019.

Bitcoin mining revenue measured by terahash per second (TH/s)

Marchés

Bitcoin Miner Bitfarms Closes $15M Brokered Private Placement

Bitfarms announced the placement Sunday.

Price action for shares of Bitfarms

Marchés

Cryptocurrency Mining Firm Marathon's Market Cap Passes $1B

At the crypto market's 2017 peak, Marathon barely had $50 million in market capitalization.

Price action for shares of Marathon Patent Group

Marchés

Iranian Authorities Close 1,620 Illegal Cryptocurrency Mining Farms: Report

The illegal mining operations will be disconnected from the national power grid and the miners will face prosecution.

Tehran, Iran

Marchés

Bitcoin Mining Machine Shortage Worsens as Bitmain Sells Out Through August

Bitmain pre-sold over 3 months of inventory in December.

ASIC prices on secondary markets have surged amid manufacturer shortages

Marchés

Bitcoin Mining Company Riot Blockchain Passes $1B in Market Cap

Riot's value was less than $50 million when it started mining bitcoin three years ago.

Weekly price action for shares of Riot Blockchain

Marchés

Marathon Patent Agrees to Buy 70K ASIC Miners From Bitmain for $170M

The announcement comes after a holiday weekend in which the price of bitcoin hit a succession of new all-time highs.

Mining facility