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
EIP (Ethereum Improvement Proposal)
Refers to improvement proposals for Ethereum, used to introduce features or any updates on the Ethereum network.
Shitcoin
A coin with no obvious potential value or usage.
Hash
A hash function is an output code (unique and alphanumeric) that we obtain from an input string,
Hard cap
The maximum amount that an ICO will be raising.
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