Phrases with «currency mining»

Currency mining refers to the process of using powerful computers to solve complex mathematical problems in order to earn or create digital currencies, like Bitcoin. It involves verifying and recording transactions on a decentralized network, and when successful, miners are rewarded with new coins. Essentially, currency mining is like digging for digital money using advanced technology. Full definition

Sentences with «currency mining»

  • Moreover, it is not clear whether the number of digital currencies mined exceeded operating costs at any point during the three month period. (crypto-lines.com)
  • Because this new rate increase impacts virtual currency mining operations, miners were included in the discussions of the proposal. (ethnews.com)
  • It offers extremely faster transactions when compared to the other crypto currency mining platforms. (coinfunda.com)
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