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.


Рынки

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.

(Sandali Handagama/CoinDesk)

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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.

(Shutterstock)

Финансы

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.

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

Рынки

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.

Bitcoin miners (Shutterstock)

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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.

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)

Финансы

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.

(Shutterstock)

Рынки

The Subtle Way AI Data Centers Boost Bitcoin Mining Economics

The competition for cheap electrons could establish a floor for hashprice, or at least slow down hashrate growth.

A bitcoin mining operation. (Cipher Mining)

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El Salvador's Bitcoin Stash Rises Above $500M, but Bhutan Story Might Be Even Bigger

Monday’s bitcoin rally propelled El Salvador and Bhutan’s crypto stashes to $500 million and $1.1 billion respectively.

Nayib Bukele, president of El Salvador (Ulises Rodriguez/APHOTOGRAFIA/Getty Images).

Финансы

Jack Dorsey's Square to Invest More in Bitcoin Mining and Shut Decentralized 'Web5' Venture

The firm is redoubling efforts to supply miners as that industry struggles with profits — and Donald Trump promises help.

Jack Dorsey speaks at Consensus 2018 (CoinDesk)

Финансы

Michael Novogratz's Galaxy Looks to AI Computing as Bitcoin Mining Revenue Falls

The firm signed a non-binding deal with a hyperscaler firm to potentially allocate all of its 800 megawatts power to hosting high-performance computers.

Mike Novogratz, Galaxy Founder and CEO, speaks at Consensus 2024 (CoinDesk/Shutterstock/Suzanne Cordiero)