Bitcoin Mining

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Bitcoin mining is the process by which new bitcoins are created and transactions are verified and added to the blockchain network. It involves powerful computers solving complex mathematical problems to secure the Bitcoin network and maintain its decentralized nature. Individuals, companies, and even specialized mining pools participate in this process, known as miners. These miners play a crucial role in ensuring the integrity and security of the Bitcoin network. As the number of bitcoins in circulation is limited, mining also serves as a means of distributing new bitcoins. Miners are rewarded with newly minted bitcoins for their computational efforts and the energy they contribute to the network. Bitcoin mining has evolved over time, with the advent of more efficient hardware and the rise of mining farms. These farms, often operated by companies, leverage economies of scale to maximize their mining capabilities. Additionally, mining protocols and algorithms have been developed to adapt to the increasing computational power and maintain the network's stability. Crypto exchanges facilitate the trading of bitcoins, allowing miners to convert their earned bitcoins into traditional currencies or other cryptocurrencies. This dynamic ecosystem of people, companies, protocols, and blockchain networks collectively contribute to the functioning and growth of Bitcoin and the broader cryptocurrency market.

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The Mining Pod With Will Foxley Wide
Bitcoin & AI, IREN’s Short Report and Tether’s Mining Investments
The Mining Pod gang tackles this week’s Bitcoin and Bitcoin mining news!
The Mining Pod With Will Foxley Wide

A Bitfarms mining facility in Washington state, U.S. (Eliza Gkritsi/CoinDesk)
Bitcoin Mining Is So Back (Except It's AI Now)
Hurting for revenue and profit, bitcoin miners are looking to activities outside mining bitcoin, such as hosting AI computers, to make up the difference. It's paying off, at l...
A Bitfarms mining facility in Washington state, U.S. (Eliza Gkritsi/CoinDesk)

Core Scientific upgraded to buy from neutral to reflect HPC expansion: B Riley (Eliza Gkritsi/CoinDesk)
Core Scientific Upgraded to Buy From Neutral to Reflect HPC Expansion: B Riley
The bitcoin miner will be a leader in hosting high-performance computing due to its lucrative deals with CoreWeave and management’s deep experience in operating enterprise dat...
Core Scientific upgraded to buy from neutral to reflect HPC expansion: B Riley (Eliza Gkritsi/CoinDesk)

The Mining Pod With Will Foxley Wide
Mining Hardware And Infrastructure With Matt Lousteau
Want to mine Bitcoin? Let’s talk what you need to deploy to the field!
The Mining Pod With Will Foxley Wide

New and old bitcoin mining rigs at CleanSpark's site in Georgia.
Loka Launches Bitcoin Mining Pool for Institutional Investors With Support From Hashlabs
Institutional investors will be able to buy bitcoin futures at below-market rates from miners using sustainable energy.
New and old bitcoin mining rigs at CleanSpark's site in Georgia.

Bitcoin miners (Hashlabs Mining)
U.S.-Listed Bitcoin Miners' Share of Global Hashrate Reached Record in July: JPMorgan
The aggregate market cap of 14 tracked bitcoin miners listed in the U.S. rose 29% since the end of June, the report noted.
Bitcoin miners (Hashlabs Mining)

The Mining Pod With Will Foxley Wide
What Mining Shareholders Should Look For With Patrick Fleury
What should mining stock shareholders look for in a stock? We chat with TeraWulf CFO Patrick Fleury.
The Mining Pod With Will Foxley Wide

Alta Novella's turbine room with 40 ASIC bitcoin miners.
Iris Energy Has Committed Most of Childress Site to Expansion of Bitcoin Mining: Bernstein
The bitcoin miner’s shares slumped yesterday after a Culper Research report said the site was unsuitable for artificial intelligence and high-performance computing.
Alta Novella's turbine room with 40 ASIC bitcoin miners.

AI, if it is to grow as proponents believe it should, will require a lot more energy to power the data centers which make AI possible. (Taylor Vick/Unsplash)
Why AI's Energy Use Isn't Demonized Like Bitcoin's
AI's utility is more obvious to everyday people than the cryptocurrency's, and AI's risks are so much greater that power consumption fears seem beside the point.
AI, if it is to grow as proponents believe it should, will require a lot more energy to power the data centers which make AI possible. (Taylor Vick/Unsplash)

Ionic's CEO Matt Prusak (Ionic Digital)
Bitcoin Miner Ionic Digital Hires CFO to Shepherd IPO
The company, which bought all of bankrupt lender Celsius' mining assets, said new CFO John Penver has over 18 years of data center technology and infrastructure experience.
Ionic's CEO Matt Prusak (Ionic Digital)