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.


Markets

Hive Blockchain Sees Q3 Crypto Mining Income Double to $13.7M

Hive shares have gained 132% year to date.

hive

Finance

Bitfarms Plans Massive Bitcoin Mining Expansion With Purchase of 48,000 MicroBT Devices

The company expects the miners to increase its hashing capacity to 8.0 exahashes from its present 1.0 EH once all are operational.

Bitcoin miners

Markets

Bitcoin Miners Saw Record $1.36B Revenue in February

Miner monthly revenue increased 21% from January.

Monthly bitcoin miner revenue since January 2016

Markets

Mining Bitcoin for Heat, Strawberries and Chickens

More and more people are turning to crypto mining to heat their homes and businesses – and earn a profit.

Thomas Smith is using the radiant heat from crypto mining to keep his chickens happy at night.

Tech

A Guide to Saving on Bitcoin's High Transaction Fees

The average bitcoin transaction fee is $23. Luckily, there are ways to cut costs.

There are ways to save some sats on bitcoin transaction fees.

Finance

Chinese Companies That Have Nothing to Do With Crypto Are Pivoting to Mining

While these moves seem opportunistic at first glance, some of the companies are well-positioned to get involved in bitcoin mining.

(Sarkao/Shutterstock)

Markets

Bitcoin Miner Argo Blockchain Starts Trading on the US OTCQX Best Market

The crypto mining company said the news marks an upgrade from its previous presence on the middle-tier OTCQB Venture Market.

Trading screen

Markets

Bit Digital Expands Its North American Hosted Mining Partnerships

The company plans to expand U.S. mining with Compute North, Core Scientific and others, per a release.

Cryptocurrency mining profits might grow faster than the price of bitcoin, due to the global shortage of computer chips.

Finance

Argo Blockchain Gets Priority Access to ePIC's Bitcoin Miner Production, Starts With $8M Buy

The deal will also see the two firms work together to develop miners built to Argo’s specifications.

Máquinas de minería de bitcoin (Shutterstock)

Markets

Bitcoin Miner Ebang Closes $70M Follow-Up Public Offering

The proceeds will be used primarily for research, development, production and sale of equipment and expanding its mining business through the establishment and operation of crypto mining farms.

ebang miner feature image