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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.
Biden Bans American Investment in 59 Chinese Firms
U.S. President Joe Biden signed an executive order today banning Americans from investing in 59 Chinese firms with ties to the military. Bitcoin mining engineer Brandon Arvanaghi shares his view on how the rising economic tensions between the two countries could impact bitcoin innovation.

Gryphon Digital Mining to Become Publicly Traded on Nasdaq Via Merger With Sphere 3D
Based on the current price of Sphere's shares, the merger is valued at $184.3 million.

Argo Blockchain's Bitcoin Holding Passes 1,000
May revenue fell to $7.8 million, 16% less than the month before.

Bitcoin Price, Foreign ASIC Demand Drive Profitable Q1 for Miner Producer Canaan
Canaan's overseas business is growing, a testament to the undercurrent of miners leaving China for other jurisdictions.

Bitcoin Miner Marathon Will No Longer Censor Transactions, CEO Says
"Marathon is committed to the core tenets of the Bitcoin community, including decentralization, inclusion, and no censorship," said the CEO.

Crypto Long & Short: What I've Learned in the Past Five Years
Seven main takeaways on crypto markets from my time at CoinDesk. Plus: the future of the Bitcoin Mining Council.

UK Police Raid Suspected Cannabis Factory, Find Bitcoin Mining Operation
"It's certainly not what we were expecting!" one of the officers said.

Sichuan Energy Regulator to Meet to Discuss Bitcoin Mining: Report
Some mines in Sichuan are operating as usual despite the recent crackdown, Global Times reported.

Why China’s Crackdown May Make Bitcoin Mining More Centralized
Big Chinese miners are likely to survive the crackdown.

Market Wrap: Bitcoin, Ether Climb on 'Green' Mining Plans Before Losing Steam
Major cryptocurrencies saw a pop in anticipation of a more environmentally friendly mining outlook. Then they slipped.
