Mining

Terms related to cryptocurrency mining, including hashrate, network difficulty, blocks, rewards, Proof-of-Work, shares and other mining concepts.

Mining

The process of using computational resources to participate in blockchain operations and earn rewards.

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Miner

A device or software participant that uses computational resources to mine cryptocurrency.

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Proof-of-Work

A consensus mechanism based on performing computational work to create new blocks.

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Solo Mining

Independent mining without combining computational resources with other participants.

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Pooled Mining

Collaborative mining in which multiple participants combine computational power for more regular payouts.

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Merge Mining

A technology that uses the same computational work to mine multiple compatible blockchains.

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Dual Mining

A mode of simultaneously mining two cryptocurrencies with a single computing device.

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Mining Software

Software that configures and performs mining on computing hardware.

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Mining Client

Software that enables a computing device to interact with a network or mining pool.

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Mining Protocol

Rules for exchanging tasks and work results between a miner and other participants in the mining process.

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Block Reward

The total income associated with adding a new block to the blockchain.

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Block Subsidy

The portion of the block reward determined by protocol rules and typically associated with the issuance of new coins.

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Coinbase Transaction

A special transaction created when a block is formed to receive the reward specified by the protocol.

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Mining Equipment

Terms related to cryptocurrency mining equipment, including ASICs, hashboards, controllers, rigs, power infrastructure and specialized hardware.

ASIC

A specialized chip designed to perform computations for a specific algorithm.

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ASIC Miner

A ready-to-use mining device based on specialized ASIC chips.

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FPGA Miner

A mining device based on a programmable FPGA logic array.

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CPU Miner

Mining hardware or software that uses a central processing unit for computation.

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GPU Rig

A mining setup that combines multiple graphics processors.

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Mining Hardware

A collection of hardware used to perform mining computations.

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Hashboard

The computing board of an ASIC miner that contains specialized chips.

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Control Board

A controller that manages the computing and supporting components of a miner.

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Riser

An adapter for connecting a graphics card to a motherboard remotely.

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Equipment Specifications

Terms and metrics describing mining equipment, including hashrate, energy efficiency, power consumption, uptime, overclocking and other specifications.

Chip Generation

The technological and architectural generation of computing chips used in equipment.

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Hashrate

The number of hash function calculations that equipment can perform per unit of time.

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Power Consumption

The amount of electrical power consumed by mining equipment during operation.

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Power Efficiency

The ratio between the computational performance of equipment and the electrical power it consumes.

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Power Limit

A restriction on the maximum electrical power available to equipment during operation.

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Operating Temperature

The temperature range within which equipment is designed to operate reliably.

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Chip Temperature

The temperature of a computing chip while mining equipment is operating.

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Chip Count

The number of computing chips installed in mining equipment.

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Memory Capacity

The amount of memory available to a computing device for storing data during operation.

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Memory Bandwidth

The amount of data that memory can transfer per unit of time.

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Clock Frequency

The frequency of clock cycles performed by a computing component, representing one of the factors that determine its performance.

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Uptime

A measure of the time during which mining equipment operates continuously and remains available.

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Overclocking

Increasing the operating frequencies of computing equipment above standard values.

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Underclocking

Reducing the operating frequency of computing equipment below its standard operating mode.

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Undervolting

Reducing the supply voltage of computing components to optimize power consumption and heat generation.

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Thermal Throttling

Automatic reduction of a computing component’s performance due to high temperature.

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Hardware Error

An error associated with incorrect operation of computing equipment while performing computations.

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Mining Pools

Terms used in mining pools, including shares, workers, pool fees, payout systems, Stratum, pool luck and other concepts.

Mining Pool

Infrastructure for combining miners, distributing computational work, and calculating payouts.

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Pool Mining

A collaborative mining model based on combining the computing resources of multiple participants.

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Pool Worker

A logical mining unit used by a pool to track computational work separately.

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Share

An intermediate computational result used by a pool to measure a miner’s work.

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Valid Share

A correct share accepted by the pool and credited as completed work.

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Stale Share

A share associated with a mining job that is no longer current.

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Invalid Share

An incorrect share that the pool does not accept as completed work.

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Rejected Share

A share that the pool does not accept for further accounting.

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Share Difficulty

The difficulty level used by a pool to regularly track a miner’s computational work.

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Pool Fee

A fee deducted by the pool from a miner’s calculated reward.

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Payout Threshold

The minimum accumulated balance required before a payout is processed.

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Payout Scheme

Rules for calculating and distributing rewards among mining-pool participants.

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Pay Per Share

A payout scheme where rewards are calculated for each accepted share.

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PPLNS

A payout scheme based on a miner’s contribution within a defined window of recent shares.

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FPPLNS

A PPLNS variant using a fixed calculation window or rule for credited shares.

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Solo Pool

A pool mode where the reward for a found block is attributed to the participant that finds it.

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Stratum

A communication protocol used by miners to interact with mining-pool infrastructure.

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Stratum V1

The first widely adopted version of the Stratum protocol for pool mining.

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Stratum V2

A newer generation of Stratum designed for more efficient and secure mining communication.

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VarDiff

A mechanism that dynamically adjusts share difficulty to a miner’s hashrate.

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Cooling

Terms related to mining equipment cooling, including air, water and immersion cooling, heat exchange, coolants and other concepts.

Air Cooling

A cooling method that removes heat from mining equipment through moving air.

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Immersion Cooling

A cooling method that submerges equipment in electrically non-conductive dielectric fluid.

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Hydro Cooling

An engineered liquid cooling system that circulates coolant to remove heat from mining equipment.

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Direct-to-Chip Cooling

A cooling architecture that transfers heat directly from computing chips into a liquid cooling system.

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Dielectric Fluid

An electrically non-conductive fluid used to transfer heat in specialized cooling systems.

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Coolant

A working fluid or medium that transports thermal energy inside a cooling system.

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Cooling Loop

A circulation path that moves coolant between heat sources and heat rejection equipment.

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Cooling Capacity

The amount of heat a cooling system can continuously remove under defined conditions.

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Heat Dissipation

The process of removing thermal energy generated by mining equipment.

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Thermal Load

The amount of thermal energy that must be continuously removed from operating equipment.

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Thermal Paste

A paste-like thermal interface material used to improve heat transfer from a chip to a heatsink.

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Thermal Pad

An elastic thermal interface material used to transfer heat across a physical gap.

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Delta T

The temperature difference between the inlet and outlet of a cooling system or component.

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Mining Infrastructure

Terms related to industrial mining infrastructure, including mining farms, hosting, data centers, containers, power systems, PUE and other concepts.

Mining Farm

A coordinated group of mining hardware and infrastructure operating as a single mining site.

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Data Center

An engineered facility designed for reliable operation of computing and network equipment.

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Mining Container

A specialized container module for housing and operating cryptocurrency mining equipment.

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Mining Hosting

A service model in which mining hardware is operated at a specialized third-party facility.

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Three-Phase Power

A three-phase electrical supply system commonly used for distributing large industrial loads.

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Remote Management

Remote monitoring, configuration, and control of mining hardware and infrastructure.

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Mining Economics

Mining economics terms including profitability, mining costs, ROI, CAPEX, OPEX, payback, depreciation and break-even concepts.

Mining Revenue

The total value generated by mining before applicable expenses are deducted.

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Mining Expenses

The costs required to operate and maintain a mining operation.

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Mining Cost

The costs associated with producing mining output.

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CAPEX

Short for Capital Expenditure, meaning capital investment in long-term assets.

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OPEX

Short for Operating Expenditure, meaning recurring operating expenses.

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Return on Investment

A measure of financial return relative to the capital invested.

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Depreciation

The allocation of a long-term asset cost over its useful period.

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Equipment Depreciation

Allocation of mining equipment cost over its useful operating period.

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Mining Profitability

A measure of the economic efficiency of a mining operation.

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Cost per Hash

Mining cost normalized by a unit of computational power.

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Mining Tax

Tax obligations associated with mining and the receipt or disposal of crypto assets.

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Tax Deduction

A legally permitted reduction of taxable income or tax liability.

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Tax Base

The amount or measure used as the basis for calculating a tax.

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Tax Rate

The percentage or other rate applied to a defined tax base.

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Blockchain

Core blockchain and cryptocurrency network terms, including blocks, transactions, nodes, mempool, forks, confirmations and other concepts.

Blockchain

A distributed ledger built from a sequence of cryptographically linked blocks.

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Block

A blockchain data unit containing transactions and chain metadata.

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Genesis Block

The first block of a blockchain and the starting point of its history.

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Block Header

The metadata portion of a block used for identification and validation.

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Block Height

A number identifying the position of a block in the chain.

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Block Time

A time-based measure describing block production or a block timestamp.

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Block Size

The amount of data contained in an individual blockchain block.

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Block Weight

A protocol-specific metric used to determine the effective size of a block.

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Transaction

A signed operation that changes blockchain state according to network rules.

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Transaction Input

A reference to a previous unspent output used by a new transaction.

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Transaction Output

A UTXO transaction element that creates funds for future spending.

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Transaction Fee

A fee associated with processing and including a transaction in the blockchain.

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Mempool

A collection of pending transactions waiting for block inclusion.

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Fork

A protocol-rule change or divergence between blockchain histories.

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Soft Fork

A blockchain rule change that introduces stricter validity requirements.

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Hard Fork

A protocol change that introduces rules incompatible with the previous rule set.

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Orphan Block

A block that has been excluded from the currently accepted chain.

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Stale Block

A valid competing block that remains outside the current main chain.

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Chain Reorganization

A replacement of part of the current chain with an alternative accepted history.

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Blockchain Node

A network participant that performs blockchain data, validation, or communication functions.

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Full Node

A node capable of independently validating blockchain data against protocol rules.

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Light Node

A node designed to operate with reduced storage and processing requirements.

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Consensus

The process of reaching agreement on valid blockchain state and history.

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Consensus Mechanism

A set of rules defining how a network selects and validates blocks.

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Smart Contract

A blockchain program that executes predefined logic and manages on-chain state.

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Cryptocurrency

Terms related to cryptocurrencies and digital assets, including coins, tokens, stablecoins, supply, market capitalization, ATH and other concepts.

Cryptocurrency

A digital asset based on cryptography and distributed network technology.

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Coin

The native digital asset of its own blockchain network.

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Token

A digital asset issued using an existing blockchain infrastructure.

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Native Coin

The primary asset built directly into a blockchain protocol.

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Altcoin

A cryptoasset generally considered an alternative to Bitcoin.

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Stablecoin

A cryptoasset designed to maintain relatively stable value against a chosen reference.

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Utility Token

A token primarily designed for use within a product, protocol, or ecosystem.

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Governance Token

A token used to participate in the governance of a protocol or decentralized application.

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Wrapped Token

A tokenized representation of another asset in a compatible blockchain environment.

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Tokenomics

The economic model governing the issuance, distribution, and use of a cryptoasset.

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Total Supply

The total number of cryptoasset units that exist under its defined supply rules.

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Max Supply

The maximum number of asset units that can exist under defined rules.

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Circulating Supply

The amount of cryptoasset units considered to be circulating and available to the market.

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Emission

The process of creating and issuing new cryptoasset units.

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Inflation

An increase in the supply of a cryptoasset relative to the existing supply.

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Deflation

A reduction in the total supply of a cryptoasset relative to a previous period.

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Token Burn

A mechanism for permanently or conditionally removing tokens from circulation.

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Halving

A scheduled reduction in the block reward in certain blockchain networks.

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Cryptoasset

A broad term for digital assets using cryptographic and blockchain-related technology.

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Market Capitalization

A calculated measure of an asset’s value based on price and circulating supply.

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Fully Diluted Valuation

A calculated asset value based on its full potential supply.

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Crypto Trading

Terms used in cryptocurrency trading, including long, short, leverage, liquidation, margin, funding rate, open interest and other concepts.

Crypto Trading

Trading cryptoassets using exchange and market mechanisms.

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Spot Trading

Trading an asset with direct purchase or sale of the underlying cryptoasset.

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Margin Trading

Trading with borrowed funds supported by collateral.

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Futures Trading

Trading futures contracts whose value is linked to an underlying asset.

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Derivatives

Financial instruments whose value or settlement depends on an underlying asset or reference.

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Perpetual Futures

Futures-like contracts without a fixed expiration date.

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Leverage

A mechanism that increases position exposure using borrowed capital or margin.

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Margin

Funds used as collateral for a leveraged or derivative trading position.

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Initial Margin

The minimum collateral required to open a trading position.

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Maintenance Margin

The minimum collateral level required to maintain an open position.

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Liquidation

Forced closure of a trading position because available collateral is insufficient.

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Liquidation Price

The calculated price level at which a position becomes subject to forced closure.

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Long Position

A position designed to benefit from an increase in the underlying asset price.

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Short Position

A position designed to benefit from a decline in the underlying asset price.

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Market Order

An order designed to execute immediately against available market prices.

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Limit Order

An order to buy or sell at a specified price or a more favorable price.

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Stop Order

A conditional order activated after the market reaches a specified price level.

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Stop-Loss

An order designed to automatically exit a position after an adverse price move.

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Take-Profit

An order designed to automatically close a position at a target price level.

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Spread

The difference between the best available buy and sell prices.

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Slippage

The difference between an expected and actual order execution price.

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Market Depth

The volume of available buy and sell orders at different price levels.

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Order Book

A list of active buy and sell orders on a trading venue.

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Bid

The price buyers are willing to pay for an asset.

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Ask

The price sellers are willing to accept for an asset.

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Trading Volume

The amount or value of assets traded during a specified period.

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Volatility

The degree and speed of price variation over a given period.

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Funding Rate

A periodic financing rate exchanged between participants in perpetual futures markets.

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Open Interest

The amount of open derivative contracts that have not yet been closed or settled.

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Crypto Exchanges

Terms related to cryptocurrency exchanges, including CEX, DEX, orders, order books, liquidity, maker, taker, fees and other concepts.

Matching Engine

The software system that matches exchange orders.

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Crypto Exchange

A platform for trading and exchanging crypto assets.

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Centralized Exchange

An exchange operated and managed by a central organization.

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Decentralized Exchange

A blockchain-based exchange using smart contracts.

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Exchange Account

A user account on a cryptocurrency exchange.

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Exchange Wallet

A wallet infrastructure used by a crypto exchange.

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Deposit

Adding funds to a cryptocurrency exchange.

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Deposit Address

An address used to send cryptocurrency to an exchange.

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Trading Fee

The fee charged for executing a trading operation.

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Maker

A participant who adds liquidity to the order book.

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Taker

A participant who removes liquidity from the order book.

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Order Matching

The process of matching buyers with sellers.

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KYC

Customer identification and identity verification.

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AML

Controls designed to prevent money laundering.

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Proof of Reserves

A method for demonstrating exchange asset reserves.

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Exchange Liquidity

The ability to execute trades with limited price impact.

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Crypto Wallets

Terms related to cryptocurrency wallets, including seed phrases, private and public keys, addresses, hot and cold wallets and other concepts.

Crypto Wallet

A tool for managing crypto assets and keys.

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Hot Wallet

A wallet connected to an online environment.

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Cold Wallet

A wallet designed to keep keys away from online environments.

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Hardware Wallet

A physical device for protecting cryptographic keys.

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Software Wallet

An application for managing crypto assets and keys.

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Custodial Wallet

A wallet where a third party controls the keys.

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Non-Custodial Wallet

A wallet where the user controls the keys.

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Self-Custody

Direct personal control over cryptocurrency keys.

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Private Key

A secret key used to control crypto assets.

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Public Key

An open cryptographic key used to verify signatures.

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Seed Phrase

A recovery phrase used to restore a crypto wallet.

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Mnemonic Phrase

A human-readable representation of wallet key material.

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Wallet Address

An identifier used to receive crypto assets.

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Change Address

An address used to receive transaction change.

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HD Wallet

A hierarchical deterministic cryptocurrency wallet.

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Derivation Path

The path used to derive keys and addresses in an HD wallet.

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Multisig

A wallet requiring multiple keys to approve transactions.

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Transaction Signing

Cryptographic authorization of a blockchain transaction.

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DeFi

Terms related to decentralized finance, including DEX, AMM, liquidity pools, yield farming, TVL, impermanent loss and other concepts.

DeFi

Decentralized finance on blockchain

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Decentralized Finance

Financial services without traditional intermediaries

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dApp

Decentralized blockchain application

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Liquidity Pool

On-chain reserve used by DeFi protocols

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Liquidity Provider

Participant providing liquidity to a protocol

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Automated Market Maker

Algorithmic liquidity and price discovery

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Yield Farming

Strategies for generating DeFi yield

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Liquidity Mining

Rewards for supplying protocol liquidity

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Lending Protocol

Protocol for decentralized lending and borrowing

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Borrowing

Borrowing assets through DeFi protocols

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Collateral

Asset securing a DeFi obligation

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Collateralization Ratio

Ratio of collateral value to debt value

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Liquidation Threshold

Risk level at which a position can be liquidated

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Decentralized Lending

Blockchain-based lending without traditional intermediaries

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Flash Loan

Atomic loan without traditional collateral

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Oracle

External data infrastructure for smart contracts

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Price Oracle

Market-price source for DeFi protocols

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Total Value Locked

Value of assets deposited in DeFi

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Impermanent Loss

Relative loss caused by asset-price changes

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Swap

Exchange of one cryptoasset for another

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Slippage Tolerance

Maximum acceptable price deviation

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DAO

Decentralized governance model

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Staking

Terms related to staking and Proof-of-Stake, including validators, delegation, rewards, slashing, APR, APY and other concepts.

Staking

Participating in Proof-of-Stake with crypto assets

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Proof-of-Stake

Consensus secured through economically committed stake

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Validator

A network participant responsible for consensus operations

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Delegator

A stake owner participating through delegation

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Delegation

Participating in PoS through a selected validator

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Validator Node

Infrastructure used to operate a blockchain validator

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Staking Reward

Rewards earned for participating in Proof-of-Stake

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Staking Yield

Return generated by staking a crypto asset

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Staking APR

Annual staking rate without compounding

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Staking APY

Annual staking yield with assumed compounding

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Unbonding Period

The withdrawal period after leaving staking

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Bonding Period

The period required to enter staking

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Lock-Up Period

A mandatory period during which assets remain locked

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Slashing

An economic penalty for violating PoS rules

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Validator Commission

A fee taken from staking rewards by the validator

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Minimum Stake

The minimum amount required for staking participation

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Liquid Staking

Staking with a transferable derivative position

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Liquid Staking Token

A liquid derivative linked to a staked asset

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Restaking

Reusing stake to secure additional protocols

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Delegated Proof-of-Stake

A PoS model based on delegated voting power

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Security

Terms related to cryptocurrency and blockchain security, including private keys, seed phrases, 2FA, multisig, cold storage and other concepts.

Crypto Security

Protecting crypto assets, wallets, and blockchain systems

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51% Attack

Majority control over a blockchain consensus resource

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Double-Spending

Attempting to spend the same funds twice

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Sybil Attack

Creating many fake participants in a network

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Eclipse Attack

Isolating a node from the honest network

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Replay Attack

Reusing previously valid signed data

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Man-in-the-Middle

Intercepting and modifying communications

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Phishing

Fake websites and messages designed to steal data

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Social Engineering

Manipulating users instead of directly breaking systems

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Private-Key Security

Protecting the key that controls crypto assets

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Seed-Phrase Security

Protecting the master recovery secret of a wallet

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Encryption

Protecting data from unauthorized reading

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Hash Function

Converting data into a fixed-size fingerprint

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Cryptographic Hash

A digital fingerprint for cryptographic applications

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Digital Signature

Cryptographic proof of authorization and integrity

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Zero-Knowledge Proof

Proving knowledge without revealing the secret

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Cryptojacking

Unauthorized use of computing resources for mining

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Smart Contract Audit

Reviewing smart-contract code for vulnerabilities

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