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

CoinDesk Releases Annual Report Highlighting Key Trends in Crypto

CoinDesk Research Associate George Kaloudis joins the “First Mover” panel to discuss the 2021 CoinDesk Annual Report. Topics include the decline of bitcoin dominance, Ethereum gas fees triggering the rise of scaling-focused altcoins like Polygon and Solana, and how El Salvador’s legalization of bitcoin impacted the crypto market. Plus, a look into the future of bitcoin mining as Kazakhstan, the country that became second only to the US in bitcoin mining hashrate, is suffering the worst protests in 30 years and internet blackouts.

Recent Videos

Videos

US Congress Organizing Hearing on Crypto Mining

CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De shares his insights on an upcoming Congressional hearing that will examine the environmental impact of crypto mining, especially on the bitcoin network. The Oversight and Investigations subcommittee of the House Energy and Commerce Committee is currently drawing up a list of witnesses while the date still has yet to be set.

Recent Videos

Policy

Congresso dos EUA realizará audiência de supervisão sobre mineração de Cripto : relatório

Os legisladores analisarão o efeito da mineração no meio ambiente.

The U.S. Capitol in Washington D.C. (Darren Halstead/Unsplash)

Videos

Marathon Digital CEO on 2022 BTC Mining Industry Outlook: 'Global Hashrate to Increase by 100%'

Fred Thiel, CEO of Marathon Digital Holdings, one of the largest bitcoin mining companies in North America, discusses the latest on the bitcoin mining industry and his outlook for 2022. Plus, insights into mining profitability and Marathon Digital's business operations.

Recent Videos

Opinion

10 Previsões para 2022 de Henri Arslanian da PwC

El Salvador. O metaverso. Catalisadores da Web 3. O futuro de Ethereum.

(Arthur Chauvineau/Unsplash)

Finance

Receita do Bitcoin Miner CleanSpark 2021 aumenta 400%

A empresa de mineração sustentável de Bitcoin quase atingiu sua meta de gerar US$ 50 milhões em receitas para o ano fiscal, mas também registrou um prejuízo líquido de US$ 21,8 milhões.

A bitcoin mining farm. (Marko Ahtisaari/Flickr)

Finance

Infraestrutura Griid definida para listagem na NYSE por meio de fusão de US$ 3,3 bilhões

A Griid, com sede em Cincinnati, possui três instalações de mineração nos EUA e pretende ter capacidade operacional de 734 megawatts até 2023.

Marathon Digital to Buy $121M of Mining Machines

Finance

Ex-perfuradores de campos petrolíferos veem forças unidas no setor de energia e na mineração de Bitcoin

Se os fundadores da mineradora de Bitcoin JAI Energy estiverem certos, as duas indústrias são uma combinação ideal.

JAI Energy management (from left) Adam Sarvey with founders Ryan Leachman and Justin Ballard (JAI Energy)

Finance

Credor de Cripto Celsius Network Investe US$ 300 Milhões em Operações de Mineração de Bitcoin na América do Norte: Relatório

O investimento foi feito para expandir sua taxa de hash de mineração de Bitcoin e capacidade de energia na América do Norte, disse o CEO Alex Mashinsky.

Celsius (Shutterstock, modified by CoinDesk)