Crypto Terms: Letter M
Mining Contract MEANING:
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.
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.