- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
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.
EU Can't Ban Bitcoin Mining Over Energy Concerns, Official Says
Cryptocurrency mining is perfectly legal in Europe and only subject to standard electricity rules, according to an EU commissioner.
GMO Has Mined Millions of Dollars in Bitcoin Already
The crypto mine launched by Japanese IT firm GMO Internet has generated more than $3 million in revenue over the past three months.
US City Mulls 18-Month Moratorium on Bitcoin Mining
A proposed law in the City of Plattsburgh would place a moratorium on new commercial cryptocurrency mining operations for 18 months.
Bitfury-Backed Bitcoin Miner Hut 8 Prepares to Go Public
Hut 8, two months after announcing its partnership with Bitfury, is preparing to be listed on the TSX Venture Exchange prior to expanding mining ops.
Icelandic Lawmaker Floats Bitcoin Mining Tax
An Icelandic lawmaker has suggested imposing a new tax on the bitcoin miners that are flocking to the country.
Samsung Confirms It's Now Making Crypto Mining Chips
Samsung has confirmed it is now manufacturing cryptocurrency mining chips after reports earlier this week.
Samsung Is Now Building Bitcoin Mining Chips, Report Says
Samsung is manufacturing bitcoin mining chips in partnership with an unidentified Chinese firm, according to an Asian news report.
ViaBTC Increases Cloud Mining Fee Citing China's Mining Resource Scarcity
China's crypto mining pool ViaBTC increases its maintenance fee ratio for AntMiner S9 cloud mining contract, citing mining resource scarcity in China.
Quebec Lures Cryptocurrency Miners as China Sours on Industry
Cheap and abundant electricity, cold weather and a stable political climate are making the Canadian province attractive to bitcoin mining operators.
Bitcoin Mining Wastes Energy? What If That's Good?
Long-term, the incentives bitcoin creates may drive efficiency and green energy solutions in the crypto world and even spur them in the wider economy.
