VBit Crypto Mining Glossary


MARKET CAPITALIZATION – The total value of an asset, calculated by multiplying the total number of outstanding shares (or coins) and the price per share (or coin). Market cap represents total size.

MINING – The process of using hardware to perform mathematical calculations for the Bitcoin network to confirm transactions.

MINING RIG – A mining rig is the computer equipment used for mining bitcoins.

MINING POOL – A Mining pool is a network of miners that work together to mine a block, then split the block reward among the pool miners.

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