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.

Mercados

Bitcoin Startup Cleared of Breaching Securities Law

The Financial and Consumer Affairs Authority (FCAA) of Saskatchewan, Canada, has cleared a bitcoin startup of breaching securities law.

Por Grace Caffyn26 oct 2015

Canadian regulators ordered a freeze on Catalyx recently.

Mercados

New Bitcoin ASIC to be 'Most Power-Efficient’ on Public Market

Mining hardware maker Bitmain has claimed its new bitcoin ASIC will be the most power efficient chip available to the public.

Por Grace Caffyn21 ago 2015

Mercados

Double Spending Risk Remains After July 4th Bitcoin Fork

A fork in the bitcoin network has raised issues regarding how key participants in the payment network process and confirm transactions.

Por Pete Rizzo6 jul 2015

Mercados

Max Keiser's Bitcoin Capital Raises $1.6m via Crowdfunding

Max Keiser's crypto fund Bitcoin Capital has closed a $1.6m crowdfunding round.

Por Yessi Bello Perez11 jun 2015

Mercados

Think Tank Reignites Debate Over Bitcoin Mining's Environmental Effects

An Australia-based sustainability think-tank has claimed that bitcoin could eventually consume 60% of annual global electricity production.

Por Yessi Bello Perez27 may 2015

Mercados

US Police Officer Charged with Receiving Stolen Bitcoin Miners

A New Jersey police officer has been arrested and charged with receiving stolen property after allegedly selling stolen bitcoin mining equipment.

Por Emily Spaven21 abr 2015

Mercados

Can Hobbyist Bitcoin Miners Still Make a Buck?

Bitcoin's low price is making things tough for hobbyist miners. Should they ditch the rig and buy bitcoins instead?

Por Danny Bradbury8 nov 2014

Mercados

MIT Students Challenge New Jersey State in Tidbit Legal Case

MIT students are challenging the State of New Jersey's demand to see the code of their bitcoin mining project.

Por Danny Bradbury26 sept 2014

Stream Finance launches legal investigation after huge loss.

Mercados

Huobi, OKCoin Celebrate Chinese Bitcoin Industry at Weekend Galas

China's bitcoin industry stepped out over the weekend with two large gala events for exchanges OKCoin and Huobi.

Por Jon Southurst14 sept 2014

Entrepreneur Li Xiaolai speaks at Huobi's birthday event

Mercados

Gallery: Inside a Top Bitcoin Mine in China

What is life like inside an industrial bitcoin mine? Blogger Bitsmith found out first-hand at a facility in China.

Por Grace Caffyn5 sept 2014