Chip
Chips are the semiconductor components in ASICs, crucial for mining efficiency.
Related terms
CGMiner
CGMiner is an open-source software for ASIC mining, previously a standard in the mining industry.
CPU
A CPU is a central processing unit that handles general-purpose computing tasks.
Centralization
Centralization occurs when control of a network or resource is concentrated in a few hands.
Cloud Hosting
Cloud hosting allows individuals to own mining hardware hosted at a remote facility.
Cloud Mining
Cloud mining enables users to rent hashrate from mining farms without owning physical equipment.
Computational Power
Computational power is the processing speed at which a device can perform calculations, often measured in hashes per second.