Mining Contract
By CoinGecko | Updated on Mar 03, 2020
It is an agreement where a person could pay for the output of mining without owning the mining device. In other words, it is renting (or investing) in mining, while the mining decives are placed in a remote data centers.
Related Terms
Futures
An agreement between two counterparties that obligates them to transact in the future based on the contract terms set.
IYKYK
Abbreviation for: if you know you know. The phrase implies that the user has dropped some sort of insider knowledge about a specific experience. Often, the post will have some callback to a particular experience that will instantly stand out to those who are “in the know,” or ironically sharing commonly known information.
Wei
The smallest fraction of an Ether, with each Ether to 1000000000000000000 Wei.
Stablecoin
Cryptocurrency with a price peg to fiat currencies or commodity.
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