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.

금융

Bitcoin Mining Unit Manufacturer MicroBT Nibbles at Bitmain's Market Share

Bitcoin miner maker MicroBT rapidly expanded market share by selling over half a million units in 2019, chipping away at rival Bitmain's dominance.

작성자 Wolfie Zhao2020년 2월 17일

MicroBT founder Yang Zuoxing speaking at an event hosted by Poolin in September 2019.

정책

Iran Concerns May Be Driving Trump Administration's Talk of New Crypto Rules

Tensions with Iran may be behind U.S. Treasury Secretary Steven Mnuchin’s cryptocurrency compliance comments on Wednesday.

작성자 Leigh Cuen2020년 2월 13일

U.S. President Donald Trump wants the U.S. to accept the "gift" of negative interest rates. (Credit: Shutterstock)

금융

Bitcoin's Mining Difficulty Stagnates as Coronavirus Outbreak Delays New Equipment

A key measure of competition among bitcoin miners has stagnated in the past two weeks as the coronavirus outbreak disrupts economic activity in China.

작성자 David Pan2020년 2월 12일

금융

Childhood Friends Battle Over Ownership of North America's Largest Bitcoin Mine

Four years ago, two lifelong friends turned a small investment into the largest crypto miner in North America. Now they are warring over the company's future.

작성자 Bradley Keoun2020년 2월 11일

Coinmint's bitcoin mine in Massena, New York, pictured in 2020. (Prieur Leary)

기술

Your PGP Key? Make Sure It's Up to Date

Identity thieves now have another tool at their disposal: bitcoin hashing power.

작성자 William Foxley2020년 1월 24일

시장

Bitcoin’s Share of PoW Mining Rewards Now Above 80%

Rewards received by bitcoin miners form a major chunk of the salaries paid across major proof of work (PoW) blockchains, according to Yassine Elmandjra, a cryptocurrency analyst from ARK Invest.

작성자 Omkar Godbole2020년 1월 16일

Miner Salary Share Across PoW Crytpocurrencies. (Image via ARK Invest)

시장

This Metric Suggests Bitcoin Has Bottomed Out

Bitcoin likely carved out a major price bottom in December, according to a non-price metric, which has proved as a reliable price indicator in the past.

작성자 Omkar Godbole2020년 1월 10일

금융

A Russian Nuclear Plant Is Renting Space to Energy-Hungry Bitcoin Miners

A state-owned nuclear power plant in Russia may soon fuel a bitcoin mining hub.

작성자 Anna Baydakova2020년 1월 8일

Sergei Nemchenkov, the head of data centers and digital products at Rosenergoatom / Anna Baydakova for CoinDesk

금융

Lawsuit Shows How a Public Firm's $80M Bet on Bitcoin Miners Went Terribly Wrong

The legal dispute between bitcoin miner Ebang and Chinese public firm Wholeasy reflects the prolonged magnitude of last year's market sell-off.

작성자 Wolfie Zhao2019년 12월 23일

Bitcoin mining facility via CoinDesk archives

시장

Canaan’s Post-IPO Stock Plunge Reveals Sales Slump, Price War With Bitmain

Cryptocurrency mining computer-maker Canaan Inc. may have picked the worst time for its initial public stock offering.

작성자 Bradley Keoun2019년 12월 17일