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
New Bitcoin mining outfit Layer1 aims to repatriate 30% bitcoin hash rate back to the USA.
US Bitcoin Miner Aims to Repatriate 30% of Hash Rate Citing National Security
Ting Peng
2020-02-20T00:32:00+00:00
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The Bitcoin mining unit manufacturer rapidly expanded its market share in 2019.
Bitmain’s Market Dominance Challenged by MicroBT
Turner Wright
2020-02-18T07:09:00+00:00
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The first major bitcoin miner to go public on the US stock market rebounded slightly after a drop in the fourth quarter.
Bitcoin Miner Canaan’s Shares Valued at $8.04 After Surging 80%
Turner Wright
2020-02-13T05:30:00+00:00
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A mining farm is being shut down in China due to the coronavirus outbreak.
Chinese Crypto Mine Stop or Stall Operations Due to Coronavirus Outbreak
Ting Peng
2020-02-06T23:50:00+00:00
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Iran’s Ministry of Industries, Mining and Trade has issued 1,000 cryptocurrency mining licenses since the introduction of the certification regime.
Iranian Authorities Have Issued 1,000 Licenses for Cryptocurrency Mining
Adrian Zmudzinski
2020-01-27T13:21:00+00:00
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Data from Glassnode strengthens the overall consensus that Bitcoin’s hash rate, despite being hard to measure, is stronger than ever before.
It’s Never Been Harder to Mine Bitcoin as Hash Rate Hits New Highs
William Suberg
2020-01-18T08:46:00+00:00
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Chinese mining ASIC manufacturer Canaan will launch new, improved mining machines with 5-nanometer chips in Q1 2020.
Canaan's New 5-Nanometer Chips to Escalate ASIC Arms Race With Bitmain
Adrian Zmudzinski
2019-12-26T18:22:00+00:00
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Canada-based cryptocurrency mining company Great North Data has reportedly submitted a bankruptcy filing due to insolvency.
Canada-Based Crypto Mining Firm Great North Data Files for Bankruptcy
Ana Alexandre
2019-12-05T13:10:00+00:00
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