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.


Finance

Argo Blockchain’s Mining Revenue Increased 15% in November as It Added Capacity

The company mined 185 bitcoins or bitcoins equivalent during the month, bringing its 2021 total to 1,831.

(CoinDesk archives)

Finance

Warren Targets Bitcoin Miner Greenidge’s Environmental Footprint

The Massachusetts senator sent a letter to the bitcoin miner asking for more details about the environmental impact of its mining operation.

Sen. Elizabeth Warren (D-Mass.) (Kevin Dietsch/Getty Images)

Finance

Bitcoin Miner TeraWulf Raises $200M in Debt and Equity

The miner expects to complete its merger with Ikonics and go public during the week of Dec. 13.

A bitcoin mining farm. (Marko Ahtisaari/Flickr)

Finance

Riot Blockchain Raises 2022 Hashrate Guidance for Second Time in a Month

The bitcoin miner also said it minted 466 bitcoin in November, an increase of about 300% versus the same period last year, but only a slight jump from October.

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Finance

VanEck Files to Launch Digital Asset Mining ETF

The fund will invest at least 80% of its assets in digital mining firms.

VanEck

Finance

Bitcoin Miner Greenidge Generation Offers Additional $35M in Bonds

The proceeds will be used for capital expenditures and acquisitions, among other purposes.

Greenidge Mining center

Finance

Griid Infrastructure Set for NYSE Listing Through $3.3B Merger

Cincinnati-based Griid has three mining facilities in the U.S. and aims to have capacity of 734 megawatts operational by 2023.

Marathon Digital to Buy $121M of Mining Machines

Finance

Crypto Miner Sell-Off ‘Too Much Too Fast,’ Says DA Davidson Analyst

The fundamentals of crypto miners “remain fantastic,” according to a new research note.

(Christinne Muschi/Bloomberg via Getty Images)

Finance

Crypto Miner Xive Shuts Down South Kazakhstan Mine Due to Electricity Woes

Mining in south Kazakhstan is no longer possible, Xive co-founder Didar Bekbau said.

Astana, Kazakhstan

Finance

Former Oilfield Drillers See Energy Sector and Bitcoin Mining Joining Forces

If the founders of bitcoin miner JAI Energy are right, the two industries are an ideal match.

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