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GPU mining. GPU mining is the use of Graphics Processing Units (GPUs) to "mine" proof-of-work cryptocurrencies, such as Bitcoin. [ 1][unreliable source?] Miners receive rewards for performing computationally intensive work, such as calculating hashes, that amend and verify transactions on an open and decentralized ledger.
Hashrate. The proof-of-work distributed computing schemes, including Bitcoin, frequently use cryptographic hashes as a proof-of-work algorithm. Hashrate is a measure of the total computational power of all participating nodes expressed in units of hash calculations per second. The hash/second units are small, so usually multiples are used, for ...
Mining pool. In the context of cryptocurrency mining, a mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block. A "share" is awarded to members of the mining pool who present a valid ...
Equihash. Equihash is a memory-hard Proof-of-work algorithm introduced by the University of Luxembourg 's Interdisciplinary Centre for Security, Reliability and Trust (SnT) at the 2016 Network and Distributed System Security Symposium. The algorithm is based on a generalization of the Birthday problem which finds colliding hash values.
Ethereum enthusiasts gather for a Merge party in San Francisco in 2022. Ethereum 2.0 (Eth2) was a set of three or more upgrades, also known as "phases", meant to transition the network's consensus mechanism to proof-of-stake, and to scale the network's transaction throughput with execution sharding and an improved EVM architecture.
Cloud mining. Cloud mining is the process of cryptocurrency mining utilizing a remote data center with shared processing power. [ 1] Cloud mining has been used by ransomware groups and scammers to launder cryptocurrency. [ 2] This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware.
Vitalik Buterin. Vitaly Dmitrievich Buterin ( Russian: Вита́лий Дми́триевич Буте́рин ), better known as Vitalik Buterin (Russian: Вита́лик Буте́рин; born 31 January [ 1] 1994), is a Canadian computer programmer and co-founder of Ethereum. Buterin became involved with cryptocurrency early in its ...
General-purpose computing on graphics processing units. General-purpose computing on graphics processing units ( GPGPU, or less often GPGP) is the use of a graphics processing unit (GPU), which typically handles computation only for computer graphics, to perform computation in applications traditionally handled by the central processing unit ...