The largest Bitcoin mining pools are signaling for Taproot, but the activation may not reach the 90% critical consensus mark during this current difficulty epoch.
Bitcoin Mining News
Bitcoin mining runs Bitcoin’s blockchain. BTC mining is responsible for carrying out transactions, as well as for moving Bitcoin from the asset’s maximum supply into its circulating supply. Bitcoin mining is the peer-to-peer process of adding data onto Bitcoin’s public ledger in order to verify and secure a contract. Groups of recorded transactions are gathered in blocks and then added onto the Bitcoin blockchain.
In short, miners all over the world look to solve complex puzzles on their BTC mining machines in an automated fashion. These machines all compete to find puzzle solutions. When a puzzle is solved, a block is mined and the solver is rewarded a set amount of Bitcoin. A new Bitcoin block is mined every 10 minutes on average. Electrical expenses and other aspects affect Bitcoin mining profitability.
A Bitcoin mining rig is a computer hardware setup designated for BTC mining, whereas a Bitcoin mining farm is a group of mining machines. Mining pools also exist, formed of groups of miners pooling their resources toward a shared mining goal and a shared mining reward.
A crowdfunded effort aims to set Elon Musk and the mainstream media straight.70365
Bitcoin mining via renewable energy is already prominent, one CEO explains.74540
Turkey’s biggest bust against crypto mining smugglers resulted in the seizure of $600,000 worth of illegal Bitcoin ASIC miners and the detention of four suspects.9600
Tesla stock has dipped 14% since Elon Musk appeared on SNL, with Musk estimated to have lost $20 billion in that time frame.57118
Tempers are running hot in the latest round of Bitcoin FUD, but a longer-term perspective reveals “business as usual” for BTC.55615
Executive chair Frank Holmes described the sale as “unfortunate” but approved of the community continuing to find uses for the property.11081
Ninepoint will allocate part of its management fees to even out the carbon footprint of Bitcoin in its exchange-traded fund product.9726
Miners are returning to Bitcoin as difficulty drops and revenues reach all-time highs.32832
A bill seeking to “pause” crypto mining for three years in New York was referred to the state's Environmental Conservation committee on May 3.19212
Major Bitcoin miners have begun signaling for Taproot activation that will improve scalability and privacy for the largest cryptocurrency by market capitalization.27689
Executive chair and founder Darin Feinstein said the firm plans to make the U.S. a global leader in making blockchain technology mainstream.16749
In the latest Cointelegraph video debate, experts discuss pathways towards making Bitcoin more sustainable.25466
China is reportedly paying more attention to the crypto mining sector, amid concerns of its growing carbon footprint.12152
A $100 investment into DOGE 100 days ago would now be worth $2,742, while the same investment into BTC would be worth $130 today. Ethereum’s hash rate has increased by 4.5 times BTC’s this year.39250