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.
Related Terms
Difficulty
A relative measure on how difficult it is to correctly guess a new block
Testnet
Shorthand for "Test Network", testnets are staging areas for experimenting new blockchain features.
Crypto Bubble
It is a speculation in the cryptocurrencies and the price of cryptocurrencies would go extremely high before the bubble bursts.
Crowdsale
This type of auction has a fixed price per token that is sold on a first-come-first-serve basis.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.