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.

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

Markets

BlackRock Has Almost $400M Invested in Bitcoin Mining Stocks: Report

SEC filings dated June 30 show BlackRock with stakes in Marathon Digital Holdings and Riot Blockchain.

By Jamie CrawleyAug 20, 2021

Finance

Compass Mining Says Chase Shut Down Bank Accounts Without Warning

The accounts held about 7% of the company's cash.

By Cheyenne LigonAug 19, 2021

Máquinas de minería de bitcoin (Shutterstock)

Markets

Hive Blockchain Appoints Fortress Blockchain Founder as Chief Operations Officer

Aydin Kilic will oversee the company's operations across its data centers in Canada, Iceland and Sweden.

By Jamie CrawleyAug 19, 2021

Markets

Market Wrap: Bitcoin Buyers Could Take Profits as Volume Declines

Some analysts are optimistic about the long-term recovery in crypto prices, although the pace of the upside will likely slow over the short term.

By Damanick Dantes, Frances YueAug 17, 2021

Tech

Blockstream Energy Could Let Bitcoin Miners Set Up Anywhere There's a Power Source

The new service will make it easier for energy producers in remote locations to capitalize on bitcoin mining opportunities.

By Myles ShermanAug 17, 2021

The global Blockstream Satellite network can connect to MMUs anywhere in the world and allow their operators to manage them remotely.

Finance

Bitfarms Increases Revenue by Almost 400% in Q2

The crackdown on crypto mining in China has helped the results and outlook for the Canadian bitcoin mining firm.

By Nelson WangAug 16, 2021

A technician monitors cryptocurrency mining rigs at a Bitfarms facility in Saint-Hyacinthe, Quebec.

Markets

Market Wrap: Bitcoin Rally Expected to Pause

Analysts expect traders to take a breather after the crypto's recent rally.

By Damanick Dantes, Frances YueAug 16, 2021

Bitcoin 24-hour price chart, CoinDesk 20

Podcasts

These North American Bitcoin Firms Mined 59% More Bitcoin in July

By Nathaniel WhittemoreAug 13, 2021

Videos

Where Does Biden’s Infrastructure Bill Stand?

The U.S. Senate passed the $1 trillion bipartisan infrastructure bill without a crypto amendment to the House, which could face further skepticism from lawmakers. Aaron Tilton, SmartFi CEO and former Utah State Representative, discusses his take on where the bill stands, sharing insights into the U.S. political landscape.

Aug 13, 2021