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

Market Rout Prompts Analyst to Slash Bitcoin Miners’ Price Targets by Average of 65%

BTIG’s analyst remains positive on the longer-term outlook for the miners, however, and is sticking with his buy ratings for the stocks.

By Aoyon AshrafJun 3, 2022

Lower rates may be behind bitcoin's big move (© Eugene Mymrin)

Finance

Riot Blockchain Sells More Bitcoin, Trims Hashrate Guidance

It’s the miner’s third consecutive month of bitcoin sales.

By Aoyon AshrafJun 2, 2022

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

Podcasts

Should Bitcoiners Be Worried About Biden's Energy Team?

By Nathaniel WhittemoreJun 2, 2022

Finance

Kevin O’Leary-Backed Bitcoin Miner to Locate HQ in North Dakota

Bitzero plans to invest about $400 million to $500 million to build 200 megawatts of data centers in the state.

By Aoyon AshrafJun 2, 2022

Videos

Foundry Exec on Crypto Mining Industry Outlook

Foundry SVP of Mining Strategy Kevin Zhang shares insights into the state of bitcoin mining operations in New York, China, and Kazakhstan, and their impact on the global mining industry.

Jun 1, 2022

Finance

Bear Market Could See Some Crypto Miners Turning to M&A for Survival

Companies that have already survived the previous down market and have enough capital and a sound business strategy will be able to survive this cycle.

By Aoyon AshrafJun 1, 2022

Finance

Bitcoin Miners Are Selling Off Their BTC Holdings to Cope With Market Headwinds

As the price of bitcoin falls, miners are cornered into powering off or selling their holdings.

By Eliza Gkritsi, Aoyon AshrafJun 1, 2022

Equipos de minería para bitcoin. (Sandali Handagama)

Videos

Bitcoin Hashrate Falls; Australia’s Crypto Future

Bitcoin mining hashrate, difficulty drop since crypto crash. Experts weigh in on what Australia’s new Labor government means for the crypto sector. Marieke Flament of NEAR Foundation talks on Davos and blockchain’s role in a challenging world. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

May 26, 2022

Policy

Binance to Advise on Crypto Strategy as Kazakhstan Looks to Boost Industry

The country known as a bitcoin mining hub is trying to attract more crypto firms and broaden the industry.

By Eliza GkritsiMay 25, 2022

Videos

Could Bitcoin Extend its 7-Week Losing Streak?

Bitcoin is poised to extend its losing streak to a record eight weeks. "All About Bitcoin's" Week in Review panel discusses this week's biggest bitcoin news, including the Fed's hawkish remarks, bitcoin dominance soaring to 7-month highs, price levels to watch, the Terra crash and bitcoin mining.

May 20, 2022