News
Bitdeer boosts self-mining to stay competitive amid weak demand for rigs, joining other hardware makers turning to in-house Bitcoin operations.
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Bitcoin Mining News
Bitcoin mining involves solving complex mathematical puzzles, validating transactions and securing the network. Miners compete to find the correct hash, adding new blocks to the blockchain and earning rewards in the form of newly minted Bitcoin (BTC). Notably, a new Bitcoin block is mined every 10 minutes on average.
Bitcoin mining has undergone a significant evolution since its early days. Initially, miners utilized CPUs and GPUs for mining. As demand increased, specialized hardware called ASICs (application-specific integrated circuits) emerged, drastically enhancing mining efficiency. In recent years, a noteworthy trend has been the shift toward renewable energy sources for mining operations. Miners are increasingly adopting eco-friendly solutions, minimizing the environmental impact of energy-intensive mining processes.
Mining can be done individually (solo mining) or collaboratively in groups (mining pools). Solo miners solve blocks independently, receiving the entire reward. In contrast, mining pools combine computational power, share profits and increase the chances of earning rewards collectively. This collaborative approach has become popular due to its steadier income stream.
- News
Shares of Nasdaq-listed miner CleanSpark rose more than 5% Friday after the company reported higher September production.
5062 - Analysis
Bitcoin surges despite US government shutdowns delay altcoin ETFs; Brazil rolls out a welcome mat for crypto miners.
5685 - News
The legislative proposal introduces a tiered tax system for energy used by crypto miners in New York, charged by kilowatt-hour used.
3567 - News
Canaan’s 50,000-rig deal, its largest in more than three years, signals a renewed US appetite for Bitcoin mining, according to the company’s CEO.
9228 - News
The regulator stated that farmland must be used only for agricultural purposes to qualify for government services, subsidies, and utilities.
4659 - News
The Bitcoin community is split over Bitcoin Core v30’s plan to drop the 80-byte OP_RETURN limit, a dispute started by Nakamoto’s arbitrary data restrictions.
7316 - News
The new $100 million facility with Two Prime boosts CleanSpark’s total borrowing capacity to $400 million, fueling data center and hashrate expansion plans.
1958 - News
Google has acquired a 5.4% stake in Bitcoin miner Cipher Mining by backstopping $1.4 billion of Fluidstack’s obligations in a $3 billion, 10-year AI data center deal.
11500 - Opinion
Bitcoin’s proof-of-work drove hardware innovation from GPUs to ASICs that are 100,000x more efficient. AI networks need the same competitive incentives.
2438 - News
Tether said reports that it has exited Uruguay “do not accurately reflect the situation” and the local mining operator is working with the government to “resolve friction.”
7182 - News
The rising network difficulty and the need to pay for energy are pushing out smaller players and even publicly traded corporations.
23933 - Newsletter
PayPal launches P2P crypto links, Google tests AI payments, miners pivot to data centers and Bitwise eyes stablecoin ETF.
3680 - News
Nvidia’s reported $683 million bet on Nscale aligns with the UK government’s drive to boost national AI infrastructure.
2717 - News
Cipher, Terawulf, Iris Energy, Hive and Bitfarms rallied sharply in September, outpacing Bitcoin despite tightening mining economics and weaker onchain activity.
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