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Have?","featured_image_id":10729,"status":"published","chapter_id":7,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-invest-in-crypto","featured_image":{"id":10729,"uuid":"3439a1db-9892-404a-b4b6-a1db5a34bca4","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","path":"crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","original_path":"crypto/storage/original/how-to-invest-in-crypto-featured-image.jpg","name":"how-to-invest-in-crypto-featured-image.jpg","original_name":"how-to-invest-in-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"75.22KB"},"youtube_video":null},{"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","featured_image_id":11310,"status":"published","chapter_id":7,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/ico-vs-ido","featured_image":{"id":11310,"uuid":"315e8a2b-93a1-4870-be48-a2a09d801663","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/ico-vs-ido-featured-image.jpg","path":"crypto/storage/optimized/ico-vs-ido-featured-image.jpg","original_path":"crypto/storage/original/ico-vs-ido-featured-image.jpg","name":"ico-vs-ido-featured-image.jpg","original_name":"ico-vs-ido-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"64.39KB"},"youtube_video":null},{"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","featured_image_id":11359,"status":"published","chapter_id":7,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-an-airdrop","featured_image":{"id":11359,"uuid":"7b43c968-1275-4d3e-acb1-1707a43a4014","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","path":"crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","original_path":"crypto/storage/original/what-is-an-airdrop-featured-image.jpg","name":"what-is-an-airdrop-featured-image.jpg","original_name":"what-is-an-airdrop-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"66.05KB"},"youtube_video":null},{"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-arbitrage-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-fud","title":"What is FUD: How to Use It to Your Advantage While Investing in Crypto?","featured_image_id":11394,"status":"published","chapter_id":7,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-fud","featured_image":{"id":11394,"uuid":"defd32c5-d3e1-4e66-9f58-e2ee316bad3a","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-fud-featured-image.jpg","path":"crypto/storage/optimized/what-is-fud-featured-image.jpg","original_path":"crypto/storage/original/what-is-fud-featured-image.jpg","name":"what-is-fud-featured-image.jpg","original_name":"what-is-fud-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"65.30KB"},"youtube_video":null},{"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your Risks?","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/investing-in-cryptocurrency","featured_image":null,"youtube_video":null},{"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto Taxes","featured_image_id":6526,"status":"published","chapter_id":7,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-crypto-taxes","featured_image":{"id":6526,"uuid":"1e44162c-ef1d-4010-81b4-9e8d1809aedf","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","path":"crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","original_path":"crypto/storage/media/how-to-avoid-crypto-taxes.jpg","name":"how-to-avoid-crypto-taxes.o.jpg","original_name":"how-to-avoid-crypto-taxes.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"99.10KB"},"youtube_video":null}]},{"id":8,"title":"Crypto Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":500,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Mining Difficulty?","slug":"what-is-mining-difficulty","section":"M","keyword":"Mining Difficulty","status":"published","definition":"determines how time-consuming and difficult it is to locate the right hash for every block.","content":"<p>Mining difficulty can also be referred to as the complexity of <strong>solving a cryptographic puzzle in question.</strong></p>\n<p>Cryptocurrency difficulty is a measure used by <a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">
Bitcoin and other cryptocurrencies to maintain a consistent average time between blocks when the network's hash power varies. The difficulty of cryptocurrency is essential because a high difficulty can help defend the blockchain network from malicious attacks.</p>\n<p>The difficulty of mining new blocks might go up or down over time, depending on the number of miners in the network. Therefore, the more miners there are, the more difficult it is to mine cryptocurrency. Rises in complexity, on the other hand, are frequently required since they effectively maintain the desired block duration consistent.</p>\n<p>For instance, on April 2, 2021, Bitcoin’s cryptocurrency difficulty was 23.14 trillion. However, there is a big change compared to April 1, 2018, when it was 3.51 trillion.</p>\n<p>The early miners mined Bitcoin using <strong>CPUs,</strong> however, it was later discovered that graphics cards (GPUs) are preferable for <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining/">
mining. Moreover, Bitcoin and other digital currencies are mined via <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining-pool/">
mining pools</strong></a>, in which a large number of miners join forces and merge their <strong>hash rates</strong> in order to get block rewards.</p>\n<p>Speaking of Bitcoin, when a cryptocurrency gains momentum, the quantity of computers participating in the peer-to-peer network grows. Miners fight against one another for restricted block rewards, and as the network grows in size and computational capacity, the hash power of the whole network grows.</p>\n<p>Currently, the usual block time for Bitcoin is 10 minutes, thus the complexity must be changed to keep this stage.</p>\n<p>Other cryptocurrencies, such as Litecoin, strive for more frequent blocks, therefore, it aims for 2.5 minutes. The problem is that the quantity of computer power controlled by the network's miners together can greatly fluctuate.</p>","level":"easy","meta_title":"What is Mining Difficulty? Definition & Meaning | Crypto Wiki","meta_description":"Mining Difficulty meaning: Mining Difficulty - determines how time-consuming and difficult it is to locate the right hash for every block.","meta_keywords":null,"language":"en","created_at":"2022-03-22T13:58:43.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-mining-difficulty"},"prevSection":{"id":498,"original_id":null,"author_id":40,"translator_id":null,"title":"What is MilliBitcoin?","slug":"what-is-millibitcoin","section":"M","keyword":"MilliBitcoin","status":"published","definition":"is a sub-unit of Bitcoin, which is equivalent to the one-thousandth of a BTC.","content":"<p><a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin is the most well-known cryptocurrency in the world. Since its introduction in 2009, the price of BTC has climbed at a parabolic rate. Despite <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-dip/">dips, peaks, and troughs, zooming out reveals a consistent increase. As a consequence, its price has climbed from less than $0.01 to its current level.</p>\n<p>Therefore, if you plan to retain your BTC, μBTC, or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-satoshi-sats/">satoshi for the same length of time you would keep a property, BTC is an excellent investment option. Generally, nations are adopting Bitcoin as a tool for individuals to exchange and store wealth. In fact, adoption rates have recently increased.</p>\n<p>To put things into perspective:</p>\n<p>1 BTC = 1,000 μBTC.</p>\n<p><strong>Hence, 1 μBTC is about 58.45 USD.</strong></p>\n<p>Because only 21 million Bitcoins can ever be <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining/">mined, Bitcoin is a deflationary token, suggesting that its value will climb as it gets rarer. Bitcoins have near-infinite worth since they are supported by a code rather than a real object like gold. This allows Bitcoin holders to keep and effectively split their Bitcoin into multiple units, enabling them to price items depending on their perceived value. </p>\n<p>Yet, since it is a store of wealth, usage has lately increased. Because the cryptocurrency's value in relation to the US dollar is variable and it is not commonly acknowledged as a unit of account, there are presently several words that each correlate to a sub-unit of Bitcoin.</p>\n<p>Bitcoin was designed to be a word for a new sort of peer-to-peer monetary system as well as the system's primary currency. Bitcoins, or BTC as they are abbreviated, have risen to prominence as the dominant cryptocurrency and the first monetary system running on blockchain technology.</p>\n<p>Bitcoin may be split into microbitcoins (mBTC), millibitcoins (BTC), and satoshi in the same manner as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fiat/">fiat money. For instance, such as the US Dollar, which can be split into entire units like Dollars and cents (one-hundredth of a dollar).</p>\n<p>Those that are aware of nickels (5c), dimes (10c), and quarters should also be aware of the US currency system (25c). Likewise, BTC may be subdivided for convenience of usage and usefulness. It is sometimes referred to as digital gold and possesses all of the positive characteristics of a currency, such as:</p>\n<ul>\n<li>BTC is movable.</li>\n<li>Different from money, it can’t be taken away as a result of its decentralized nature.</li>\n<li>When it comes to international transfers, it might occasionally be quicker than the money transactions.</li>\n<li>It is adapted in various services such as hotels and restaurants.</li>\n</ul>\n<p>Furthermore, a satoshi (the smallest unit of Bitcoin) was named after <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/who-is-satoshi-nakamoto/">Satoshi Nakamoto</strong></a>. In October of 2008, Satoshi Nakamoto issued the Bitcoin <strong>whitepaper</strong> and the very first block was created in January of the following year.</p>\n<p>1 Bitcoin = 1,000 μBTC = 100,000,000 satoshi</p>\n<p>However, units larger than BTC are:</p>\n<p>1daBTC (deca Bitcoin) is equal to 10 BTC</p>\n<p>1hBTC (hecto Bitcoin) is equal to 100 BTC</p>\n<p><strong>1kBTC (kilo Bitcoin) is equal to 1,000 BTC</strong></p>\n<p>1MBTC (mega Bitcoin) is equal to 100,000 BTC</p>\n<p>All in all, Bitcoin was designed to be a word for a new sort of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-peer-to-peer-p2p/">peer-to-peer monetary system as well as the system's primary currency. Bitcoins, or BTC as they are abbreviated, have risen to prominence as the dominant cryptocurrency and the first monetary system based on blockchain technology.</p>","level":"hard","meta_title":"What is MilliBitcoin? Definition & Meaning | Crypto Wiki","meta_description":"MilliBitcoin meaning: MilliBitcoin - is a sub-unit of Bitcoin, which is equivalent to the one-thousandth of a BTC.","meta_keywords":null,"language":"en","created_at":"2022-03-22T13:53:23.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-millibitcoin"},"currentChapter":"M","currentSection":"what-is-mining-contract","chapterTitle":"M","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-mining-contract","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter M
What is Mining Contract?
Mining Contract MEANING:
Mining Contract -
is a contract in which a customer agrees to pay for mining power generated by hardware situated in remote data centers.
Let's find out Mining Contract meaning, definition in crypto,
what is Mining Contract,
and all other detailed facts.
In other terms, a mining contract is also known as cloud mining, because users can invest in mining capacity online. Customers can pay a particular amount upfront to a server organization anticipating that their money will return.
A contract miner is usually occupied with production work.
