Crypto Terms:
Letter M
Jun 19, 2023 |
updated Apr 02, 2024
What is Mining Contract?
Mining Contract -
is a contract in which a customer agrees to pay for mining power generated by hardware situated in remote data centers.
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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.