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Pre-Mining

This is when a coin founder mines a coin before allowing others to do so. With Bitcoin and most altcoins, it is necessary to pre-mine a bit in order to…

Solo Mining

Solo mining means an entity is not part of a pool but instead attempts to mine full blocks itself. Due to Bitcoin’s enormous hash power and the luck involved in…

Mining Farm

Big storage house full of mining rigs. These were once primarily in China, but with recent regulatory changes many mining farms in China have shutdown or moved. Russia is a…

Mining

The process of trying to ‘solve’ the next block’s PoW puzzle. It requires obscene amounts of computer processing power to do effectively. In the case of Bitcoin the difficulty increases…

ASIC/ASIC Miner

Application Specific Integrated Circuit mining with a is a chip specifically created to execute one task, like solving the SHA-256 algorithm puzzle. It’s the most power efficient method of mining…

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