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
City officials have imposed a three-month suspension on new Bitcoin mining operations to make roads and buildings more presentable.
Canadian border town suspends Bitcoin mining over aesthetic concerns
Osato Avan-Nomayo
2021-07-23T16:41:49+01:00
6924
Analysis
A number of leading mining firms have already started to make the transition toward clean renewable energy in recent months.
A green revolution in crypto mining? Industry answers wake-up call
Shiraz Jagati
2021-07-22T17:01:30+01:00
3149
News
"I want to do a little more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend towards ...
Elon Musk says Bitcoin may have already hit his benchmark on renewable energy
Turner Wright
2021-07-21T20:59:36+01:00
20214
News
The company has been publicly traded on the London Stock Exchange since 2018.
Crypto mining firm Argo Blockchain files for US IPO
Turner Wright
2021-07-21T18:50:00+01:00
2213
News
The Bitcoin miner will merge with Power & Digital Infrastructure Acquisition Corp in the latest crypto SPAC deal.
US Bitcoin mining giant Core Scientific set for Nasdaq listing via $4.3B SPAC deal
Osato Avan-Nomayo
2021-07-21T17:00:00+01:00
3020
News
With Ether sinking below $2,000, the price of graphics cards has seen a further decline from June to July.
GPU price inflation dips slightly as Ether downtrend continues
Osato Avan-Nomayo
2021-07-21T14:01:23+01:00
3863
News
The new exchange-traded fund will focus on environmentally friendly crypto mining infrastructure firms.
Green energy crypto mining ETF launches on New York Stock Exchange
Martin Young
2021-07-21T05:13:25+01:00
5920
Altcoin Watch
BTCST earnings per staked token increased after China cracked down on Bitcoin miners and the network’s hashrate dropped.
3 reasons why Bitcoin Standard Hashrate (BTCST) price rallied by 50%
Jordan Finneseth
2021-07-19T21:43:03+01:00
5216

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