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Mining Rig

DeFi term, Technology

Defenition: A Mining Rig is a specialized computer used to mine cryptocurrencies.

A Mining Rig is a specialized computer used to mine cryptocurrencies. Mining Rigs come in various forms such as ASICs or CPU and GPU miners. Miners will set up mining rigs to help verify transactions and secure a cryptocurrency network that uses the Proof-of-Work (PoW) consensus mechanism, e.g. Bitcoin ($BTC).

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