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Cloud-Hashing/Mining

A type of mining where people can pay to rent computer power from someone else in the cloud to mine Bitcoin or other cryptocurrencies. This is done by selling mining…

Difficulty

When discussing difficulty in terms of cryptocurrency we are referring to the difficulty of successfully mining a block of transaction information. Each cryptocurrency has a cryptographic algorithm that determines the…

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 Node

A node that sacrifices computing power to solve the proof-of-work puzzle in order to maintain the integrity of the network. Nodes help provide security to the Bitcoin network, as well…

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