Cloud Hosting
Cloud hosting allows individuals to own mining hardware hosted at a remote facility.
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.
Chip
Chips are the semiconductor components in ASICs, crucial for mining efficiency.
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.