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.

Tech

Bitcoin Miners Hold Onto Rigs, Betting the Bull Run Will Continue

Supply has dried up despite a glut of available bitcoin mining rigs since China’s crackdown in May.

By David PanAug 25, 2021

Inside Bitmain Technologies Ltd.'s Bitcoin Mine

Markets

KuCoin Launches Proof-of-Work Mining Pool

KuCoin says the pool will incentivize the use of renewable energy.

By Eliza GkritsiAug 25, 2021

Hydroelectric energy is widely used as a source of clean power for mining.

Markets

Market Wrap: ‘Extreme Greed’ for Bitcoin Falters at $50K

“The fear is gone for now, and the market is optimistic,” Arcane Research wrote in a Tuesday newsletter. But not enough to keep bitcoin's price above $50K.

By Damanick Dantes, Frances YueAug 24, 2021

Finance

Riot Blockchain Reports Record Q2 Results

The bitcoin mining company reported revenue and sales results that beat analyst estimates for the second quarter.

By Nelson WangAug 23, 2021

Markets

Cuando China habló, bitcoin reaccionó. ¿Cuando lo hizo Estados Unidos? No tanto

Días después de que China reiterara medidas drásticas contra el segmento cripto, bitcoin cayó hasta 30%. Estados Unidos, por su parte, parece no ser el centro del universo cripto.

By Emily ParkerAug 23, 2021

Policy

Crypto Long & Short: When China Spoke, Bitcoin Reacted. America? Not So Much

It could just be the U.S. is not the center of the crypto universe.

By Emily ParkerAug 22, 2021

Markets

Market Wrap: Bitcoin Rallies Ahead of $50K Resistance

Bitcoin rallied after Coinbase announced it will add crypto to its balance sheet.

By Damanick Dantes, Frances YueAug 20, 2021

Videos

Bitcoin Breaks $48K for First Time Since May

Bitcoin is up 6% over the last 24 hours and has broken the $48,000 mark for the first time since May. "All About Bitcoin's" Week in Review panel discusses this watershed moment, Bitcoin's Lightning Network passing new milestones, the potential impact of the global Blockstream Satellite network on mining, and Japan's Liquid Global exchange hack.

Aug 20, 2021