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Mining Rig

By CoinGecko | Updated on Mar 03, 2020
A computer being used for mining. A mining rig could be a dedicated piece of hardware for mining, or a computer with spare capacity that can be used for other tasks, only mining part time.

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Related Terms

Ponzi Scheme
A Ponzi scheme is also referred to as pyramid scheme, and typically takes the form of an investment scheme which pays existing investors with funds collected from new investors.
Do Your Own Research (DYOR)
An advice for investors to do their own research on the coins they wanted to invest in
Trading Volume
The amount of the cryptocurrency that has been traded in the last 24 hours.
Distributed Ledger
Ledgers whose data is stored and synced across a network of nodes.
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