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.

Finanza

Marathon Digital Energized 25,000 Miners in August, Produced 184 Bitcoins

The company had previously faced issues of mining rigs installed, but with no energy service.

Di Michael Bellusci6 set 2022

Finanza

Poolin, One of the Largest Bitcoin Mining Pools, Suspends Withdrawals From Wallet Service

On Sunday, the mining pool acknowledged having liquidity issues.

Di Eliza Gkritsi5 set 2022

Riot Platforms’ acquisition of Block Mining makes sense, JPMorgan says. (Sandali Handagama)

Finanza

Poolin, One of the World's Biggest Bitcoin Mining Pools, Acknowledges Liquidity Issues

Poolin CEO and founder Kevin Pan assured users that funds are safe and said the company might look to debt to solve its liquidity troubles.

Di Eliza Gkritsi5 set 2022

Mining rigs in Plattsburgh, N.Y. (Fran Velasquez/CoinDesk)

Finanza

Bitcoin Mining Middleman Compass' Georgia Facilities to Close as Energy Prices Soar

The company is offering to move approximately 5,000 machines to Texas.

Di Eliza Gkritsi1 set 2022

Compass Mining's booth at Mining Disrupt in Miami in July 2022. (Eliza Gkritsi/CoinDesk)

Video

DC AG Suing MicroStrategy's Michael Saylor for Alleged Tax Fraud; Bitcoin Mining Difficulty Increases

The District of Columbia is suing MicroStrategy (MSTR) founder and Executive Chairman Michael Saylor for allegedly never paying any income taxes in the district in the more than 10 years he has lived there, Attorney General Karl A. Racine announced in a tweet on Wednesday. Plus, the difficulty of mining a bitcoin (BTC) block increased by 9.26%.

31 ago 2022

Video

What the New Era of Bitcoin Mining in Texas Could Look Like

The state’s grid operator, the Electric Reliability Council of Texas, is slowing issuance of new permits for miners to connect to the grid. Texas Blockchain Council Director of Bitcoin Analytics Steve Kinard discusses how this is impacting the sector as the difficulty of mining bitcoin increases.

31 ago 2022

Finanza

Bitcoin Miners' Profitability May Narrow as Mining Difficulty Hits Second-Biggest Increase This Year

Bitcoin miners are stepping up production as the weather cools down, so the network automatically adjusted to increase the difficulty of mining a block.

Di Eliza Gkritsi31 ago 2022

Bitcoin mining machines (Michal Bednarek/Shutterstock)

Tecnologie

Bitcoin Mining Difficulty Poised to Spike by Most Since January Amid Colder Weather

Some analysts are starting to see this as start of a new seasonal trend in bitcoin mining

Di Eliza Gkritsi30 ago 2022

Politiche

The End of the Texas Bitcoin Mining Gold Rush

The new era for mining in the state might look more like a slog than a boom – but it could also be better for the electric grid.

Di Eliza Gkritsi29 ago 2022

Finanza

Sell-Side Analysts Trim Targets for Bitcoin Miner Argo Blockchain

Earlier this week, Argo lowered its year-end hashrate outlook from 5 EH/s to 3.2 EH/s.

Di Eliza Gkritsi26 ago 2022

Argo Blockchain's Helios facility in Dickens County, Texas. (Argo Blockchain)