VBit Crypto Mining Glossary

G

GENESIS BLOCK – This refers to the first block on a blockchain, often referred to as block 0 or block 1. For Bitcoin, Satoshi Nakamoto mined the genesis block.

GENERATION TRANSACTION – This is the first transaction a miner entered into a block.

GPU – A Graphics Processing Unit (GPU), is responsible for the digital rendering in a computer system. GPUs came into mining to upgrade on CPUs as Bitcoin mining difficulty increased. However, they are not as potentially powerful as ASIC rigs.

GOLDEN NOUNCE – it is a number which when found by the miner qualifies them to add a block in the blockchain and earns the block reward.

Want to Join Millions of Ordinary People Who Are Making Steady Bitcoin Flow With VBit?

Click the Button Below and Get Started Immediately

Start Mining Today