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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.

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Related Terms

Futures
An agreement between two counterparties that obligates them to transact in the future based on the contract terms set.
Interoperability
Interoperability refers to the property of product/systems that are able to work with products/systems that are different without any restrictions.
Market Taker
Participant of the market who buys and sells from currently existing orders
Impermanent Loss
Temporary loss of funds due to volatility leading to divergence in price between token pairs provided by liquidity providers.
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