Bitcoin Mining News

Bitcoin mining runs Bitcoin’s blockchain. BTC mining is responsible for carrying out transactions, as well as for moving Bitcoin from the asset’s maximum supply into its circulating supply. Bitcoin mining is the peer-to-peer process of adding data onto Bitcoin’s public ledger in order to verify and secure a contract. Groups of recorded transactions are gathered in blocks and then added onto the Bitcoin blockchain.

In short, miners all over the world look to solve complex puzzles on their BTC mining machines in an automated fashion. These machines all compete to find puzzle solutions. When a puzzle is solved, a block is mined and the solver is rewarded a set amount of Bitcoin. A new Bitcoin block is mined every 10 minutes on average. Electrical expenses and other aspects affect Bitcoin mining profitability.

A Bitcoin mining rig is a computer hardware setup designated for BTC mining, whereas a Bitcoin mining farm is a group of mining machines. Mining pools also exist, formed of groups of miners pooling their resources toward a shared mining goal and a shared mining reward.

News
Bitcoin mining via renewable energy is already prominent, one CEO explains.
Crypto industry brass explains harnessing renewable energy could help BTC miners
Benjamin Pirus
2021-05-14T22:37:15+01:00
43995
News
Turkey’s biggest bust against crypto mining smugglers resulted in the seizure of $600,000 worth of illegal Bitcoin ASIC miners and the detention of four suspect...
Turkish customs confiscate over 500 smuggled Bitcoin mining rigs
Erhan Kahraman
2021-05-14T10:35:34+01:00
8272
News
Tesla stock has dipped 14% since Elon Musk appeared on SNL, with Musk estimated to have lost $20 billion in that time frame.
Elon Musk loses $20B since SNL, as Michael Saylor comes out firing
Brian Quarmby
2021-05-14T03:11:28+01:00
48542
Markets News
Tempers are running hot in the latest round of Bitcoin FUD, but a longer-term perspective reveals “business as usual” for BTC.
3 reasons why Bitcoin doesn’t care about Elon Musk
William Suberg
2021-05-13T09:28:16+01:00
52032
News
Executive chair Frank Holmes described the sale as “unfortunate” but approved of the community continuing to find uses for the property.
HIVE Blockchain sells Norwegian data mining center, citing loss of government subsidies
Turner Wright
2021-05-10T20:45:00+01:00
11043
News
Ninepoint will allocate part of its management fees to even out the carbon footprint of Bitcoin in its exchange-traded fund product.
Canadian Bitcoin ETF issuer seeks ‘green BTC’
Osato Avan-Nomayo
2021-05-10T12:24:51+01:00
9686
Market Analysis
Miners are returning to Bitcoin as difficulty drops and revenues reach all-time highs.
Bitcoin miners' revenue rebounds to $60M per day — Is the bull run about to resume?
Yashu Gola
2021-05-05T17:30:02+01:00
32769
News
A bill seeking to “pause” crypto mining for three years in New York was referred to the state's Environmental Conservation committee on May 3.
New York bill proposes to ban crypto mining for 3 years over carbon concerns
Brian Quarmby
2021-05-05T04:11:29+01:00
19148

Follow us on Facebook