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. 

Opinion
Holding funds to receive rewards while contributing to the operations of a blockchain might be the answer to today’s mining problems.
Is Staking the Answer to Cryptocurrency’s Mining Problems?
Joel Comm
2020-03-23T08:37:00+00:00
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News
Huobi Pool, a crypto mining arm of Huobi, says its operating revenues surged 547% in 2019, jumping from $53 million in 2018 to $320 million.
Huobi's Mining Arm Records 547% Surge in Operating Revenue in 2019
Helen Partz
2020-03-19T19:46:00+00:00
1070
News
A New York power plant turns to Bitcoin mining in a bid to increase its profitability, adding $50,000 to daily revenues.
New York Power Plant Mines $50,000 of Bitcoin a Day
Adrian Zmudzinski
2020-03-05T15:57:00+00:00
9930
News
Crypto analyst Alex de Vries has claimed that carbon footprint of Bitcoin mining is on par with New Zealand, with the network’s power consumption equaling that ...
Analyst Claims 98% of Mining Rigs Fail to Verify Transactions
Samuel Haig
2020-03-01T19:56:00+00:00
7475
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
5470
News
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
3809
News
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
3699
News
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
6990

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