Cloud Mining
By CoinGecko | Updated on Mar 03, 2020
Mining on blockchains through rented processing power rented from companies that host the physical equipment. These companies typically operate out of countries that are naturally cold (reduce cooling costs) and have cheap power (for more competitive pricings). Another common term to describe this is mining contract.
Related Terms
Public Keys
The alphanumeric string which serves as a public receiving address in cryptocurrencies.
Trading Volume
The amount of the cryptocurrency that has been traded in the last 24 hours.
Cloud Mining
Mining on blockchains through rented processing power rented from companies that host the physical equipment.
Hashgraph
Hashgraph is a distributed ledger system that has been compared to the blockchain idea as a continuation or successor.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.