Mining Rig
A mining rig is an arrangement of hardware elements, either CPU, GPU, FPGA or ASIC that have been arranged to perform cryptocurrency mining.
Tag: mining
Mining pool
Mining pool is the method of combining the hash power of individual miners to boost the probability of finding new blocks. Think of it as a coordinated network of individual miners that have agreed to pool their computing power to generate output levels similar to those associated with large farms or even exceed them.
Proof of Work
Proof-of-work is a system used to decide who can add new blocks to a blockchain. Miners use their computational power to win the right to create the next block with its record of transactions. Proof-of-work helps ensure the integrity and the security of the blockchain as a whole.