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
After corporate infighting temporarily halted chip shipments in 2020, Bitmain's Antminer team says business will resume as normal following former CEO Jihan Wu'...
Bitmain's Antminer says Bitcoin rig sales won’t be affected by CEO departure
Greg Thomson
2021-01-27T14:27:52+00:00
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News
“I have resigned from the CEO and Chairman of Bitmain as of today,” said Jihan Wu.
Bitmain CEO announces departure in the most crypto way
Turner Wright
2021-01-26T18:17:13+00:00
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News
Foundry entered the cryptocurrency mining game in August 2020.
Digital Currency Group's crypto mining arm enters top 10 global mining pools
Helen Partz
2021-01-26T13:45:41+00:00
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News
“I'm not in crypto to make a fast buck, but I'll take the bonus,” said Simon Byrne.
Driving to the moon? HODLer installs portable mining rig in BMW
Turner Wright
2021-01-25T22:00:09+00:00
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Expert Take
Do the benefits brought by Bitcoin and the improvement in our standard of living justify this additional use of energy?
Is Bitcoin a waste of energy? Pros and cons of Bitcoin mining
Tatiana Revoredo
2021-01-24T09:14:00+00:00
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News
A country where Bitcoin once looked primed to flourish is now attempting to scapegoat the cryptocurrency.
Amid blackouts and police raids, Iran weighs benefits of Bitcoin mining
Andrew Thurman
2021-01-23T16:01:31+00:00
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News
Bitcoin miners are scrambling to acquire more mining rigs as the global semiconductor shortage worsens.
Bitcoin miners facing chip shortage amid skyrocketing demand
Osato Avan-Nomayo
2021-01-22T13:27:35+00:00
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Investors are suing a Bitcoin mining company for allegedly fabricating the existence of BTC mining farms in China and reportedly misleading the public.
Alleged ‘ghost’ Bitcoin mining firm traded on Nasdaq faces class-action lawsuit
Greg Thomson
2021-01-22T13:20:58+00:00
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