Mining

What is Bitcoin mining? Bitcoin mining is the process that keeps the BTC network secure and operational. Bitcoin miners collect pending transactions, bundle them into blocks and repeatedly perform hashing attempts (trial and error) until they produce a hash that meets the network’s difficulty target. The first miner to find a valid solution broadcasts their block….

Bitcoin’s new all-time high helped lift shares of Bitcoin miners and some crypto treasury companies on Monday, with most ending the trading day with double-digit percentage gains. Argo Blockchain was the biggest global gainer among crypto miners on Monday, rallying over 96% on the London Stock Exchange to 5.3 British pence ($0.07), with its US…

The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), the agricultural regulator for the emirate of Abu Dhabi, United Arab Emirates (UAE), announced a ban on using agricultural land for crypto mining. Violators will face a 100,000 AED fine ($27,229), and the ADAFSA will suspend municipal services, confiscate mining hardware, and disconnect the farmland from…

The Bitcoin mining difficulty, a metric that tracks the relative challenge of adding new blocks to the ledger, climbed to a new all-time high of 142.3 trillion on Friday. Mining difficulty hit successive all-time highs in August and September, driven by an influx of freshly deployed computing power over the last several weeks. Bitcoin’s hashrate, the average…

The Bitcoin mining difficulty, the average difficulty level for mining a block on the network, climbed to a new all-time high of 134.7 trillion on Friday. Network difficulty hit a previous all-time high in August and steadily rose throughout the month, despite projections that network difficulty would decrease. Bitcoin’s hashrate, the average of the total number of…

Bitcoin mining company Hut 8 is building four new Bitcoin mining sites in Texas, Louisiana and Illinois, adding 1.5 gigawatts of capacity as US miners tighten their grip on the global hashrate. According to a Tuesday announcement, the expansion is aimed at broadening the company’s geographic footprint and target markets where “energy demand [is] rising most…