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
Immutable
A property characterized by inability to be change and stays unchanged over time.
Cloud Mining
Mining on blockchains through rented processing power rented from companies that host the physical equipment.
IPO
Initial Public Offering (IPO) refers to the process where a public company offers newly issued shares to the public and as a result raise capital from public investors.
Derivatives Market
A market for derivatives which are instruments such as futures or options whose value is derived from an underlying asset.
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