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.

Markten

Bitcoin Mining Revenue, Profit Fell in October for a Fourth Consecutive Month: JPMorgan

The network's monthly average hashrate surged to a record high, the report said.

Door Will Canny1 nov 2024

Markten

Bitcoin Miner HIVE Poised to Double Its Hashrate by Next Year, Cantor Says Initiating Stock at 'Overweight'

The broker said the miner's growth isn't priced-in and initiated coverage of the miner with $9 price target.

Door Will Canny29 okt 2024

Alta Novella's turbine room with 40 ASIC bitcoin miners.

Financiën

An Arctic Circle Bitcoin Mine Will Heat a Building in a Fishing Village

Retail-focused Sazmining is starting a modest-sized bitcoin mining operation, using hydropower, in a small Norwegian fishing town.

Door Tom Carreras28 okt 2024

A Norwegian town (Michael Fousert/Unsplash)

Markten

BTC Miner Core Scientific Uniquely Positioned to Capture AI Demand, Initiate at Buy: Jefferies

The investment bank initiated coverage of the bitcoin miner with a buy rating and a $19 price target.

Door Will Canny28 okt 2024

Financiën

Bitcoin Miners Are Pivoting to AI to Survive. Core Scientific Entered the Race Years Ago

AI clusters and bitcoin mining operations have vastly different needs. Core Scientific's chief development officer gets down to the nitty gritty.

Door Tom Carreras23 okt 2024

Core Scientific's Marble facility in North Carolina. (Core Scientific)

Markten

U.S.-Listed Bitcoin Miners Hit Record 29% of Network Hashrate in October: JPMorgan

The network hashrate has risen 4% so far this month, while the hashprice is up less than 1%, the report said.

Door Will Canny16 okt 2024

Financiën

Blockstream Raises $210M in Convertible Note Financing Round

The money will be used to advance adoption and development of Blockstream's layer-2 technologies, to grow the company's mining operations, and expand its bitcoin treasury.

Door Will Canny15 okt 2024

Financiën

Bitcoin Mining Profitability Fell in September, Jefferies Says

October could be a harder month for the miners as the network hashrate is currently 11% higher while the bitcoin price is up only about 5%, the report said.

Door Will Canny14 okt 2024

Financiën

Relm Insurance Introduces BTC-Denominated Policy for Bitcoin Miners

The aim of the policy is to offer bitcoin miners with financial protection against losses from operational interruptions caused by physical damage to equipment or facilities

Door Jamie Crawley3 okt 2024