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.

Finance

Argo Blockchain Hires Derivatives Trader to Navigate Market Rout, Sells BTC to Reduce Loan

The miner saw gains in bitcoin production in June, but its profit margin narrowed.

By Eliza GkritsiJul 7, 2022

Argo Blockchain's Helios facility in Dickens County, Texas. (Argo Blockchain)

Finance

Riot Blockchain Starts Move Away From New York Hosting Site

The crypto miner continued to sell its bitcoin, along with peers feeling the squeeze of the bear market.

By Eliza GkritsiJul 6, 2022

A close-up of one of Riot's mining rigs. (Riot Blockchain)

Finance

Hut 8 Has Added 5,800 Mining Rigs at Its Ontario Site

The company said it will hold all the bitcoin it mines, as other crypto miners sell their coins.

By Eliza GkritsiJul 6, 2022

Finance

TeraWulf Adds $50M in Debt to Build Data Center Infrastructure

The miner aims to seize opportunities created by the market slump.

By Eliza GkritsiJul 5, 2022

Finance

Core Scientific Sold Over 7K Bitcoins for About $167M in June, Sees More Sales

The crypto company plans to cash in on more self-mined bitcoins to cover expenses, growth and debt payments.

By Michael BellusciJul 5, 2022

Core Scientific CEO Mike Levitt (Danny Nelson/CoinDesk)

Finance

Good Time to Buy Crypto Mining Stocks, Says DA Davidson as It Slashes Hashrate Forecasts

There's now major upside to crypto mining stocks, even with significantly lowered earnings and hashrate projections.

By Eliza GkritsiJul 1, 2022

Crypto mining stocks have lost roughly half of their value in the past month. (Sandali Handagama for CoinDesk)

Finance

Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market

Private and publicly listed crypto miners owe up to $4 billion in debt used to finance the construction of gargantuan facilities across North America, according to industry participants and data compiled by CoinDesk.

By Eliza GkritsiJun 30, 2022

Crypto miners face margin calls, defaults as debt comes due in bear market. (Andrew Khoroshavin/Pixabay)

Finance

Bitcoin Miner Marathon Digital’s Montana Operations Go Offline After Storm

The miner had about 30,000 miners in the facility, representing over 75% of the company’s active fleet.

By Aoyon AshrafJun 28, 2022

MARA Holdings CEO Fred Thiel (CoinDesk "First Mover" screenshot)

Podcasts

Exploring a Bitcoin Mining Container

By Rob MitchellJun 28, 2022

Videos

Report: Compass Mining Loses Maine Facility

Bitcoin mining hardware and hosting company has reportedly lost one of its hosting facilities in Maine after allegedly failing to pay the power bills. “The Hash” group discusses the significance of this news within the context of the bear market and what could happen to retail miners who are hosted by Compass Mining.

Jun 28, 2022