crypto mining
Computational currency creation
Crypto mining is the process of using computers to solve complex mathematical problems that verify cryptocurrency transactions, earning new coins as a reward.
The term borrows from traditional mining—extracting something valuable through labor.
Mining requires significant computational power and electricity: He set up a crypto mining rig in his basement.
Also called cryptocurrency mining.
- digital goldScarce virtual currency
- hashrateCryptographic calculations per second
- rigEquipment arrangement or vehicle
- GPUVisual processing hardware
- graphics cardVisual processing hardware
ASIC · blockchain · electricity · heat · proof-of-work · wallet · farm · hash · nonce · difficulty · rewards · pool · coins · hardware · power · energy consumption · cooling · fans
- cryptoBitcoin, Ethereum, blockchain, cryptocurrency, tokens
- digital economye-commerce, digital payments, online shopping, digital marketplace, digital markets
- fintechfintech, mobile banking, digital wallet, mobile payment, digital wallets
- resource hogsmemory leak, bloatware, chrome, browser tabs, virtual machines
- tech hobbies3D printing, robotics, electronics, home automation, coding
- harmful industriesbig tobacco, cigarettes, arms trade, human trafficking, ivory trade
crypto mininggold mining
Extracting precious ore
coal mining · drilling · quarrying · resource extraction · manual labor
crypto, mining, crypt, cryptic, cryptically, cryptography, cryptographic, cryptographer, miners