News
Bitcoin experienced two massive mining difficulty adjustments recently. Is this something to be concerned about?
23050
Bitcoin Mining News
Bitcoin mining is a peer-to-peer process of adding data into Bitcoin’s public ledger in order to verify and secure a contract. Groups of recorded transactions are gathered in blocks and then added into the Bitcoin blockchain. Bitcoin mining requires a lot of resources to protect the network from the possibility of altering past transaction data by making all attempts in changing blocks inefficient for the intruder. Bitcoin mining is rewarded by the network through transaction fees and subsidies of new coins to encourage miners to spend their resources on mining new Bitcoin blocks. As Bitcoin mining is increasingly difficult, it has become impossible to attempt mining as an individual. As a result, most Bitcoin mining is being done by mining pools, which include several participants sharing their reward. Bitcoin mining is controversial, as it is a great tool for securing transactions but complicating the scaling of the network.
- News
North America now has its own Bitmain repair center.
8071 - News
It seems that the private sector is not satisfied with the country’s local fiat money.
4221 - News
Mining operations in China were not adversely affected by the heavy rains.
4630 - News
"In Bitcoin we trust", say miners unfazed by the market.
10256 - News
Layer1's plan to sell excess power back to Texans has resulted in 700% profits
14837 - News
We may not know who Satoshi Nakamoto was, but at least this is one mystery we think we can solve.
27889 - News
A vastly improved gross margin on sales contributed to a reduction in net loss of over 90% compared to figures from a year ago.
4796 - News
China is not the only country that wants control of this highly coveted industry.
5881 - Breaking news
Satoshi Nakamoto used a single PC to mine 1.1M Bitcoin
52343 - News
Jameson Lopp explains why attacks on Bitcoin won’t work and that he expects China’s mining dominance won’t last.
15781 - Interview
Crypto mining’s future will become more tech oriented, says CEO of RRMine global.
3165 - News
The Chinese mining pool is offering an alternative to cloud mining, charging fees only after their equipment starts to pay for itself.
10006 - Markets News
Northern Data’s head of finance calls whistleblowers “anonymous trolls” and says that the company is completely transparent.
12321 - Markets News
Shifting estimates of China’s Bitcoin mining presence come with the proviso that much capacity remains “unaccounted for.”
6888