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
Iris Energy has upped its target for its second-IPO funding round.
Australian green energy Bitcoin mining firm doubles pre-IPO funding round
Osato Avan-Nomayo
2021-03-03T12:12:10+00:00
6148
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Chinese supplier MicroBT will be providing the new hardware over the next two years.
Bitfarms set to acquire 48,000 new miners in 2022 despite chip shortage
Martin Young
2021-03-03T03:48:38+00:00
4158
News
The original report from GizChina said that a software developer had modified the CPU and graphics cards on the new gaming console to mine crypto.
Crypto myth busted: Users haven't mined Ether using a PlayStation 5 yet
Turner Wright
2021-03-01T20:00:00+00:00
15337
News
Inner Mongolia drew the ire of Beijing after failing to meet energy efficiency goals.
China’s Inner Mongolia to shut down crypto mining farms by April
Helen Partz
2021-03-01T12:36:18+00:00
8039
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Bitcoin in, and Bitcoin out: major players are deploying different strategies as BTC consolidates well under $58,400 highs.
Institutions and miners accumulating through Bitcoin chop; whales uncertain
Andrew Thurman
2021-02-27T16:13:40+00:00
24861
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Kristy-Leigh Minehan said the state doesn't currently have enough mining hardware to cause significant problems for the power supply.
Bitcoin mining likely didn't contribute to Texas' power outages, says expert
Turner Wright
2021-02-23T21:35:58+00:00
12326
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Swiss investment bank Credit Suisse is reportedly backing German Bitcoin mining operator Northern Data in its $500 million IPO.
Bitcoin mining operator Northern Data reportedly considering $500M IPO
Helen Partz
2021-02-23T12:06:12+00:00
6796
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On-chain data shows that while miners are selling less BTC, old investors are realizing profits.
Bitcoin miners are hodling while long-term investors take profits
Martin Young
2021-02-16T03:41:46+00:00
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