Glossary
1. Mining Pool
A mining pool is when cryptocurrency miners pool their technical resources to mine cryptocurrencies and increase the odds of getting the reward of a block.
2. ASIC Miner
ASIC = Application Specific Integrated Circuit. A specialized device for mining cryptocurrencies with great efficiency designed specifically to solve the complex calculations required to mine Bitcoin.
3. CPU Rig
Un mining rig è una disposizione di elementi hardware, CPU, GPU, FPGA o ASIC che sono stati predisposti per eseguire il mining di criptovaluta.
4. Master node
A central device that manages other devices or systems in a network. Example: a server that coordinates the activities of various computers in a data center.
5. Cluster
A group of computers working together as one system. Example: several nodes connected to share the workload and increase efficiency.
6. Middleware
Middleware: software that connects different components of a computer system, facilitating communication and data management. Example: a program that allows a web application to communicate with a database.
7. AI on HPC
Artificial intelligence on high-performance computing. Example: using powerful computers to run artificial intelligence algorithms quickly and efficiently.
8. API
Application programming interface, which allows different software to communicate with each other. Example: a service that allows an app to display Google maps.
9. Share accepted (PPS)
The portions of work recognized as valid by a mining pool and then paid for. Example: in a mining pool, the portions of work that actually contribute to finding a block are rewarded.
10. Award template (PPLNS)
A system that rewards miners based on their performance over time, not just for accepted shares. Example: a miner who has worked longer or contributed more to the resolution of a block receives a higher reward.<p>
11. Blockchain
A distributed ledger technology that records transactions securely and transparently. Example: Bitcoin's public transaction ledger.
12. Cryptocurrency
A digital currency that uses cryptography to ensure the security of transactions. Example: Bitcoin and Ethereum are examples of cryptocurrencies.
13. Mining Farm
A facility dedicated to cryptocurrency mining, often consisting of numerous computers and specialized devices. Example: a large building filled with ASIC Miners working together to mine Bitcoin.
14. Decentralization
Distribution of resources and operations in a network to avoid concentration of power and decisions in a single point. Example: a blockchain network where many nodes participate in validating transactions, instead of a single central server.
15. Stratum
A network protocol used to coordinate communication between miners and mining pools. Example: a protocol that allows miners to send calculation results to mining pools.
16. E-waste
Electronic waste generated by obsolete or non-functioning devices. Example: old computers, smartphones and other electronic equipment that are no longer used.