Phrases with «currency miners»

"Currency miners" refers to individuals or computer programs that solve complex mathematical problems to process and verify transactions happening in a digital currency network, such as cryptocurrencies like Bitcoin. In return for their computing power and effort, they are rewarded with some of the cryptocurrency as payment. So, currency miners are like digital workers who help maintain the currency system while earning some of it as a reward. Full definition

Sentences with «currency miners»

  • Since digital currency miners need lots of computing power to solve mining puzzles, they need to run as many graphics cards in their computers as possible. (dailybitcoinnews.com)
  • These energy providers are engaging in regular discussions with a large number of virtual currency miners who are seeking out ways to capitalize this cheap electricity advantage. (kryptomoney.com)
  • In 2017, digital currency miners played a critical role in the evolution of the blockchain industry. (thetokenauthority.com)
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