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.
Related Terms
Peer to Peer
A communication protocol that does not require a central hub
All-Time-Low (ATL)
The lowest point (in price, in market capitalization) that a cryptocurrency has been in history.
Bloodbath
In context of trading, the term bloodbath is commonly used to describe a market which is on a downtrend with many assets suffering from value depreciation.
Dump
A common term used to describe downward market movement, or to describe the action of selling an individuals holdings.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.