Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions (and a "mining rig" is a colloquial metaphor for a single computer system that performs the necessary computations for "mining". This ledger of past transactions is called the block chain as it is a chain of blocks.
Where do bitcoins come from? With paper money, a government decides when to print and distribute money. Bitcoin doesn't have a central government.
With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.
(source: bitcoinmining.com)
Mining — on again, off again, back on again in China. That is not the mining of which one might think —...
San Francisco-based Layer1 announced that it has raised $50 million from investors including Peter Thiel, Shasta Ventures, and various crypto industry leaders....
Bitcoin is up as much as 25 percent since the news came during the past week that China might look to ban...
China could move to ban mining for bitcoin, based on a draft list of industrial activities the country’s state planner wants to...
Kraken has bought a trading startup called Crypto Facilities in a deal described as a “nine-figure” acquisition, CoinDesk reported. Through the deal,...
“Hype” is defined by Webster’s Dictionary as “to promote or publicize (a product or idea) intensively, often exaggerating its importance or benefits.”...
A New York woman has pleaded guilty and faces up to 20 years in prison for helping ISIS by carrying out an...
SWIFT India, a joint venture between SWIFT SCRL and several banks, plans to test distributed ledger technology (DLT) in partnership with blockchain...
Bitwala is teaming up with Germany-based solarisBank to roll out a blockchain bank account, CoinDesk reported. While the service is targeted for...
Medicine Hat, a city in Canada, reportedly has plans in place to shut off the power to the Hut 8 crypto mining should...
The headlines swirl around China and cryptos and a crackdown on trading, and even discussing them on social media. But a sanguine...
The personal information of 130 million hotel guests might be sold on the dark web for eight bitcoins, which are currently worth...
Cryptos are down roughly 69 percent from this year’s peak, and the let down may not let up. Beyond bitcoin, and the...
Bitmain, the world’s largest producer of cryptocurrency mining chips, is planning to file for an initial public offering (IPO) in September, which...
The Telangana state government in India is teaming up with Tech Mahindra to create a “blockchain district” in Hyderabad, CoinDesk reported. The...
Coinbase says that it hasn’t received approval from two U.S. watchdogs for three acquisitions, Cryptovest reported. The firm reportedly told Bloomberg that it...
While block hashes don’t always generate tons of internet chatter, TheNextWeb has reported that a peculiar string has caught the attention of crypto...
It didn’t get to $10,000. That might be the headline news about bitcoin. But then again, it wasn’t $6,000 either. Nor even...
Profits in cryptos: Easy come, maybe; easy go, certainly. News came this week that bitcoin mining just ain’t what it used to...
Iceland’s efforts over the last decade to focus on crimes that were associated with the financial crisis around the globe has hurt its...
Bitcoin may soon climb to $9,000 again, CoinDesk reported. Still, the cryptocurrency has some ways to go. It fell to a five-and-half...
Bitcoin mining, like its real-world counterpart, uses a lot of power. Exactly how much constitutes “a lot” is a bit of a...
It was a good day for bitcoin, CNBC reported. In late morning trading on Monday (Feb. 26), the cryptocurrency jumped to nearly...
The man who had claimed to be the founder of bitcoin is being sued for allegedly stealing $5 billion of bitcoin from...
Bitcoin investors may be losing money, but the companies that support this burgeoning market aren’t. Bitmain, a Chinese company that makes bitcoin...
While investors are worried that the price of bitcoin might be artificially held high, a head of a cryptocurrency firm is not...
Russian scientists working at a secret Russian nuclear warhead plant have been placed under arrest for purported crypto mining. According to a...
Even in the face of government regulation, Tyler and Cameron Winklevoss are bullish on cryptocurrency, Bloomberg reported. “These technologies can’t flourish and grow...
Hydro Québec, the largest utility in Canada, is being forced to review its energy strategy amid the surging demand caused by mining...
Not everyone is convinced that bitcoin isn’t a giant bubble ready to burst. Its surging value has created a sort of mania...
The race is on to become the next leader in bitcoin mining. As eCommerce continues to see an increase, with online fraud...
The past week saw bitcoin (BTC) rise to near-record highs above $1,230, only to fall sharply during Thursday afternoon trading. At the...
Bitcoin’s come a long way since its inception way back in 2008. According to a recent report published by the Cambridge Centre...
Bitcoin is ending the year on a good note, with the total value of bitcoin in circulation reaching more than $14 billion...
The interest in bitcoin mining is about as volatile as bitcoin itself; it changes with the value of the digital currency. Now,...
The company has negotiated with a Bitcoin equipment supplier for mining, but it will also depend on performance.