News
Microsoft has reportedly cut plans to invest in data centers in the US and Europe, driving cryptocurrency miner stocks to tumble on March 26.
11550
Mining News
Mining is the process of adding and validating transaction records on the Bitcoin public blockchain ledger while securing uptime for the network. This is how the network persists without relying on trusted third parties using vulnerable, centralized infrastructure. Mining is also used to distinguish legitimate Bitcoin (BTC) transactions from attempts at double-spending, which is when a user attempts to re-spend money that has already been spent somewhere else.
What miners are actually doing is continually guessing for a specific number (the nonce) designated in the header of the following block, which has a predetermined number of zero bits. When they guess the correct number after using extensive computation power, they solve the proof-of-work and are rewarded with the protocol currency, BTC. This simultaneously serves as the minting process for Bitcoin.
Bitcoin mining has come a long way since the network’s launch in 2009. In the early days, mining was how one would participate within the Bitcoin economy, using relatively modest computation resources such as an average consumer-grade laptop to allocate hashing power to solving the proof-of-work algorithm and earn Bitcoin from the block subsidy, all while securing the network.
Since then, mining has become a multibillion-dollar global industry, with massive operations and facilities around the world using incredible amounts of resources to compete for the block rewards of many different cryptocurrencies, all the while providing critical infrastructure and security to these networks.
- News
The revenue uptick is a positive sign for miners, who have been under pressure since the Bitcoin network’s “halving” in April.
9591 - News
The mining industry continues to struggle and faces multiple headwinds, including high computing costs, trade war fears, and energy issues.
6108 - News
A long-term BTC treasury strategy can help miners avoid becoming reliant on debt or stock dilution to fund their operations, said Darcy Daubaras.
3396 - News
An Arkansas crypto mining group has taken action against two state officials who they claim enforced an unconstitutional law restricting a foreign-born US citizen’s mining activities.
2043 - Analysis
US President Donald Trump’s mercurial trade policies have shifted the business landscape for Bitcoin miners.
2295 - News
Its largest holding is Strategy’s stock, MSTR, and it also holds shares in several Bitcoin miners.
4035 - News
The Bitcoin mining company has seen its profitability surge over the past year thanks to efficiency gains and rising BTC values.
17635 - News
The miner’s stock is still under pressure as the industry grapples with declining Bitcoin spot prices.
2992 - News
After forming a new government, Alexander Lukashenko has prioritized boosting Belarus’ energy grid and using excess power to mine cryptocurrency.
3816 - Opinion
Millions of people mining Bitcoin could weaken corporate dominance, enhance decentralization, and strengthen network security, reshaping the future of Bitcoin’s resilience.
2355 - News
Pi Network told Cointelegraph that a Chinese police report was directed at bad actors impersonating the project.
44384 - Explained
While technically possible, the likelihood of mining a block solo without significant hash power is extremely low.
- News
Core Scientific sees potential for over $10 billion in cumulative revenue with the artificial intelligence hyperscaler CoreWeave.
10843 - News
MARA Holdings said it took a “strategic pause” to the first wave of AI to see how it shakes out but now appears ready to jump in.
11031