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

CoinTerra Announces Tape Out of GoldStrike ASIC

CoinTerra has announced that its new GoldStrike I ASIC chip has taped out.

By Nermin HajdarbegovicDec 13, 2013

Markets

KnCMiner Launches Neptune ASIC Bitcoin Miner With at Least 3TH of Power

Pre-orders for KnCMiner's Neptune ASIC bitcoin miner open today. This could be one of the firm's last retail products.

By Danny BradburyNov 26, 2013

Markets

KnCMiner sells $3 Million of bitcoin mining equipment in just four days

KnCMiner sold a whopping $3m worth of bitcoin mining equipment over the course of just four days last week.

By Emily SpavenNov 14, 2013

Tech

A look inside KnCMiner, bitcoin mining's dark horse

KnCMiner just increased the performance spec of its ASIC mining rigs. They're late to the party, but will they be strong enough to trounce the competition?

By Danny BradburyJun 27, 2013

Markets

KnCMiner readies ASIC customer list

Over the next few days, KnCMiner will be informing several hundred lucky customers who is to get its ASIC miner units first.

By Danny BradburyJun 20, 2013

Markets

TerraHash opens ASIC mining preorders, loses business

ASIC mining firm TerraHash is taking preorders on its site to fund more chip purchases from Avalon. The firm lost its biggest contract earlier this month.

By Danny BradburyJun 19, 2013

Tech

Butterfly Labs ship first Bitforce SC 60 bitcoin miner

Butterfly Labs has shipped its first Bitfofce SC 60 bitcoin miner, as reports a Butterfly Labs forum user

By David GilsonJun 13, 2013

Markets

How Green is Bitcoin?

We look at the environmental impact of Bitcoin mining and whether the the energy costs justify the rewards.

By David GilsonJun 6, 2013

Markets

Should you mine for profit or proteins?

As your GPU loses traction with Bitcoin, you could start mining other coins - or you could give some power to a worthy cause like Folding@home for proteins

By Danny BradburyJun 6, 2013

Markets

Butterfly Labs finally ships out last year's Jalapeno orders

Butterfly Labs announced today that they are finally shipping out last year's Jalapeno ASIC mines. They say that all backlogged orders will be in by 90 days

By William McCanlessJun 5, 2013