Mining Rig
A mining rig is a computer system designed specifically to solve complex math problems that help create new cryptocurrencies and verify transactions on the blockchain.
More terms under M
- Mining PoolA mining pool is a group of miners who combine their computing power to improve their chances of earning rewards by finding new blocks together.
- Mining RewardThe money that miners earn for successfully discovering and confirming a new block of transactions in the blockchain.
- Mining RewardsMining rewards are the payments that cryptocurrency miners earn for successfully adding a new block to the blockchain.
- Mining as a Service (MaaS)Mining as a Service (MaaS) lets people pay to use mining hardware owned by companies, so they can earn cryptocurrency without having to buy or maintain the…
- MinnowA minnow is someone who has a small amount of money invested in cryptocurrency.
- MintingMinting is the process of creating new coins and adding them to the market, often using a method called proof-of-stake.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.