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.

Markets

Bitcoin Miners Are Expected to be Profitable in December, Jefferies Says

November was a strong month for the miners as the rally in bitcoin outpaced the rise in the network hashrate, the report said.

By Will CannyDec 19, 2024

Markets

Bitcoin Mining Economics Continued to Improve in December, JPMorgan Says

The hashprice, a measure of daily mining profitability, rose 5% from the end of November, the report said.

By Will CannyDec 16, 2024

Markets

Miners Are Adopting the Same Bitcoin Acquisition Strategy as MicroStrategy: JPMorgan

The strategic shift to a bitcoin accumulation model is due to pressure on profitability following the reward halving, the report said.

By Will CannyDec 13, 2024

Finance

Activist Investor Starboard Has Built Stake in Bitcoin Miner Riot: WSJ

Starboard is reportedly pushing the miner to convert some of its mining sites into data centers.

By Aoyon AshrafDec 12, 2024

Activist investor reported to have been pushing Riot to move into HPC. (Unsplash, modified by CoinDesk)

Markets

Bitcoin Miners Cipher, CleanSpark and MARA Upgraded at JPMorgan

The bank updated estimates for a number of mining stocks in its coverage following third quarter results and recent gains in bitcoin and the hashrate.

By Will CannyDec 10, 2024

Markets

Bitcoin Miners Approach $40B Market Cap as Difficulty Set for Fifth Straight Increase

The bitcoin hashrate is still soaring as mining difficulty looks to increase for a fifth consecutive time.

By James Van StratenNov 28, 2024

Coinmint, a crypto data center in upstate New York, is set to host a portion of new miners from Riot’s Oklahoma City facility. (Credit: Shutterstock)

Finance

Bitcoin Miner IREN Surges on Renewed AI Interest, Possible BTC Dividend Payment

The shares rose 30% after executives discussed fiscal first-quarter earnings on a conference call.

By Aoyon AshrafNov 27, 2024

Markets

La manière subtile dont les centres de données d'IA stimulent l'économie du minage de Bitcoin

La compétition pour les électrons bon marché pourrait établir un plancher pour le prix du hachage, ou au moins ralentir la croissance du taux de hachage.

By Tom CarrerasNov 20, 2024

A bitcoin mining operation. (Cipher Mining)

Markets

Il modo sottile in cui i data center AI potenziano l'economia del mining Bitcoin

La competizione per gli elettroni a basso costo potrebbe stabilire un limite minimo per il prezzo dell'hash o almeno rallentare la crescita dell'hashrate.

By Tom CarrerasNov 20, 2024

Markets

Ang Subtle Way AI Data Centers ay Pinapalakas ang Bitcoin Mining Economics

Ang kumpetisyon para sa murang mga electron ay maaaring magtatag ng isang palapag para sa hashprice, o hindi bababa sa pabagalin ang paglago ng hashrate.

By Tom CarrerasNov 20, 2024