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
Distributed Ledger
Ledgers whose data is stored and synced across a network of nodes.
Wash Trade
Meaningless back and forth trading between a single party with the aim of inflating trade volume.
Mining Rig
A dedicated hardware to mine
Buy/Sell Tax
On-chain buy or sell tax rate where a percentage of the tokens bought/sold will be transferred to a set address.
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