Phrases with «individual miners»

"Individual miners" refers to people who engage in the process of mining on their own, rather than as part of a larger mining operation. They work independently and are responsible for mining cryptocurrencies like Bitcoin, by solving complex mathematical problems to confirm transactions and add them to the blockchain. Full definition

Sentences with «individual miners»

  • They may simply be running pools where they want maximum profit and hope to draw lots of individual miners to join and decrease variance. (bitcointechtalk.com)
  • It has around 1,200 individual miners online at the timing of writing, according to its website. (businessinsider.com)
  • It doesn't use up as much computer processing space or time, so individual miners can more readily process blocks of data with it. (bitfalls.com)
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