Mining

The Engine that Fuels the Bitcoin Ecosystem

Mining is a system that verifies transactions and provides security to the Bitcoin blockchain; it is how new bitcoins enter the market.

How It Works

  • Graphical representation of a new block of transactions.

    Blocks

    Bitcoin transactions are pooled together in a “block”.

  • Graphical representation of a computer solving a puzzle for a block of transactions.

    Solving the Block

    Once a block is formed, miners compete to solve a puzzle. The puzzle is difficult to solve, yet simple to verify (think like sudoku).

  • Graphical representation of a solved block being added to a blockchain.

    Verifying the Block

    Once a miner solves the puzzle for a block, the transactions in that block are “verified” by the network. The new block of verified transactions is attached to a chain of prior blocks, hence “blockchain”.

  • Graphical representation of a Bitcoin logo emerging from a solved block

    Block Reward

    For solving the puzzle, a miner is rewarded with bitcoin. The current block reward is 6.25 BTC per block. Blocks are solved, on average, every 10 minutes.

Mining with Marathon

Marathon Controls

Illustration of a pick-axe with a speedometer

Its hash rate

Controlling Electricity Cost

Cost of electricity

Illustration of a building with a dollar sign.

Corporate expenses

Marathon does not control

Illustration of a bitcoin with a dollar sign

Price of bitcoin

Graphic representation of a bitcoin mining computer with a dollar sign

Price of miners

Graphical representation of the Bitcoin blockchain

Block reward & blocks per year

Graphical representation of a globe dotted with pick-axe icons.

Network
hash rate

Learn more about Marathon Digital Holdings at our Investor Relations Portal

Investor Relations