Mining Pool definition

Mining Pool means the group of Bitcoin miners to which Customer determines to contribute the processing power of any particular piece of Customer Equipment in order to collaborate in finding new Bitcoin blocks.
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Mining Pool is the pooling of resources by Xxxxxx, 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.
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Mining Pool is an organized association of Cryptocurrency miners. The members of these associations work together to mine Cryptocurrencies and those Cryptocurrencies are distributed amongst the membership based on the contribution made to the mining by each member;
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Examples of Mining Pool in a sentence

  • The installation of any individual Hardware Unit is deemed completed when such Hardware Unit connects and sends computations to the Customer-designated Mining Pool.

  • In no event shall Provider be obligated to designate any Mining Pool on Customer’s behalf.

  • If Customer designates a Provider-sponsored private Mining Pool to be the Mining Pool, Customer acknowledges that Provider may receive remuneration in connection with the applicable Hardware Units’ contribution to the mining conducted by such Provider-sponsored private Mining Pool.

  • It is Customer’s responsibility to determine and designate a Mining Pool for each Hardware Unit, and Customer is free to designate any Mining Pool, in its sole discretion.

  • If Customer has not designated a Mining Pool, installation will be deemed complete when the applicable Hardware Unit powers up without fault (it being understood that in no event will Provider be required or requested to select a Mining Pool on Customer’s behalf).

  • Bitcoin Market Needs Big Blocks, Says Founder of BTC.TOP Mining Pool.

  • Further, Customer shall at all times maintain the ability to report to Provider through automated means, and for Provider to affirmatively query, in respect of each Hardware Unit (i) the designated Mining Pool, and (ii) the hash rate (current and cumulative over the applicable period) thereof.

  • The fee paid by a Mining Pool to Bitfarms for its hashrate may be in cryptocurrency, U.S. dollars, or other currency.

  • Lender will have the right to approve any Mining Pool, Exchange or Brokerage Account and applicable wallets to be utilized by Borrower.

  • This includes the right to modify the payout methodology or Mining Pool fees.


More Definitions of Mining Pool

Mining Pool means the site where the Hashing Power extraction activity takes place, which site is owned by BITFURY, BITRIVER or third parties as specified in the ORDER SUMMARY. Mining means the process of creating new BTC, to the extent determined, upon resolution of the mathematical algorithms necessary to certify the validity and inalterability of the information contained in a block or registry of the blockchain platform. OFAC means Office of Foreign Asset Control of the U.S. Department of the Treasury, which administers and enforces economic and trade sanctions based on U.S. foreign policy and national security objectives against foreign countries and regimes, terrorists, international drug traffickers, persons engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy, or economy of the United States. OFSI or Office of Financial Sanctions Implementation means the office responsible for, inter alia, imposing financial sanctions in the UK. BTC Production means the activity of mining BTC or portions thereof by a Mining Pool as a reward for discovering the hash that becomes the header of the block that chains it to the previous blockchain. Technology means hardware and its characteristics and mode of operation, trade secrets, know- how, inventions (whether patentable or not), techniques, processes, programs, ideas, algorithms, schematics, test procedures, software design and architecture, computer code, internal documentation, design and function specifications, product requirements, problem reports, analysis and performance information, software documents and other information, technical, commercial, product, marketing and financial plans and data, methods, equipment and processes that are published, distributed and exploited to facilitate the use of the Services and include without limitation software/hardware and other infrastructure mining, software tools, user interface designs and any derivatives, enhancements, extensions developed or provided by SWAG OÜ or third party suppliers. WALLET SWAGGY means the User's BTC wallet and its public key provided to SWAG OÜ in a protected form.
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Mining Pool means the site where the Hashing Power is mined, which site is owned by BITFURY, BITRIVER or third parties as specified in the ORDER STATEMENT. Mining means the process that allows the creation of new BTC, to the extent determined, upon resolution of the mathematical algorithms necessary to certify the validity and inalterability of the information contained in a block or register of the blockchain platform. OFAC (Office of Foreign Asset Control of the US Treasury Department) means the body that administers and enforces economic and trade sanctions based on US foreign policy and national security objectives against foreign countries and regimes, terrorists, international drug traffickers, persons engaged in activities related to the proliferation of weapons of mass destruction, and other threats to US national security, foreign policy, or the economy. OFSI or Office of Financial Sanctions Implementation means the office responsible for, inter alia, imposing financial sanctions in the UK. BTC Production means the activity of mining BTC or portions thereof by a Mining Pool as a reward for discovering the hash that becomes the header of the block that chains it to the previous blockchain. Technology means hardware and its characteristics and mode of operation, trade secrets, know-how, inventions (whether patentable or not), techniques, processes, programmes, ideas, algorithms, schematics, test procedures, software design and architecture, computer code, internal documentation, design and function specifications, product requirements, problem reports, analysis and performance information, benchmarks, software documents and other information, technical, business, product, marketing and financial plans and data, methods, apparatus and processes that are published, distributed and exploited to facilitate the use of the Services and include without limitation software/hardware and other infrastructure mining, software tools, user interface designs and any derivatives, enhancements, extensions developed or provided by SWAG OÜ or third party suppliers. WALLET SWAGGY means the User's BTC wallet and its public key provided to SWAG OÜ in a protected form. General terms and conditions of natural person rental WITHOUT WARRANTY
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Mining Pool means a protocol for a group of miners to pool their collective mining equipment to mine Digital Currency and share in the Digital Currency mined by the Equipment in accordance with a distribution scheme agreed to by such miners;
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Mining Pool means 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;
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Related to Mining Pool

  • Mining Plan means a mining plan drawn in accordance with clause (b) of sub-section

  • Mining operation means any operations undertaken for the purpose of winning any mineral as defined in section 3 (d) of Mines and Minerals (Development and Regulation) Act, 1957.

  • land development area means an erf or the land which is delineated in an application submitted in terms of this By-law or any other legislation governing the change in land use and “land area” has a similar meaning;

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Mining Xxx 0000 means (unless the context otherwise requires) the Mining Xxx 0000 and the amendments thereto and the regulations made thereunder as in force on 31st December, 1981;

  • Mining Operations means every kind of work done by the Operator:

  • Mine means to carry on an operation with a view to, or for the purpose of—

  • Project Area means THE AREA WHERE WORK IS BEING PERFORMED FOR THE CITY OF SUFFOLK, VIRGINIA.

  • Project area plan means a written plan that, after the plan's effective date, guides and controls the development within a project area.

  • Needs assessment In this section, LEAs are asked to describe the impact of the pandemic on their students, examine disproportionate impacts on specific student groups, and highlight the LEA’s promising practices in supporting students’ needs since March 2020.

  • exploration area means that part of the Area allocated to the Contractor for exploration, described in schedule 1 hereto, as the same may be reduced from time to time in accordance with this contract and the Regulations;

  • Production Area means that part of the animal feeding operation that includes the animal confinement area, the manure storage area, the raw materials storage area, and the waste containment areas. The animal confinement area includes, but is not limited to, open lots, housed lots, feedlots, confinement houses, stall barns, free stall barns, milkrooms, milking centers, egg washing or egg processing areas, areas used for the storage and disposal/treatment of mortalities, cowyards, barnyards, medication pens, walkers, animal walkways, and stables. The manure storage area includes, but is not limited to, lagoons, runoff ponds, storage sheds, stockpiles, under-house or pit storages, liquid impoundments, static piles, and composting piles. The raw materials storage area includes, but is not limited to, feed silos, and silage bunkers. The waste containment area includes, but is not limited to, settling basins and areas within berms and diversions which separate uncontaminated stormwater.

  • Plant Site (Works, Factory) means the local integration of one or more plants, with any intermediate administrative levels, which are under one operational control, and includes common infrastructure, such as:

  • Assessment area means an area, or, if more than one area is designated, the

  • Mining means the mining, extracting, producing, handling, milling or other processing of Products.

  • Water well means an excavation that is drilled, cored, bored, augered, washed, driven, dug, jetted, or otherwise constructed for the purpose of exploring for groundwater, monitoring groundwater, utilizing the geothermal properties of the ground, or extracting water from or injecting water into the aquifer. “Water well” does not include an open ditch or drain tiles or an excavation made for obtaining or prospecting for oil, natural gas, minerals, or products mined or quarried.

  • Contract Area means the geographic maintenance area as negotiated between the Employer and the Province of BC.

  • municipal spatial development framework means a municipal spatial development framework adopted by the Municipality in terms of Chapter 5 of the Municipal Systems Act;

  • Sub-project means a specific development project to be carried out by a Beneficiary utilizing the proceeds of a Sub-loan;

  • Unleased mineral owner means a royalty interest owner who owns oil and/or gas rights free of a lease or other instrument conveying all or any portion of the working interest in such rights to another. At the time of this order, the unleased mineral owners identified by Ascent include those listed on Exhibit A.

  • Measured Mineral Resource means that part of a Mineral Resource for which quantity, grade or quality, densities, shape, and physical characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters, to support production planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough to confirm both geological and grade continuity.

  • Mineral Resource means a concentration or occurrence of solid material of economic interest in or on the Earth’s crust in such form, grade or quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade or quality, continuity and other geological characteristics of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling.

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • mining area means all those pieces of land containing two hundred and forty‑six (246) square miles or thereabouts situate in what is known to the parties as the “Xxx Xxxxx‑Siberia Nickel Laterite Area” the subject of the mineral claims applications for mineral claims and Temporary Reserves listed in the First Schedule hereto which are generally delineated and respectively coloured green and orange and red in the plan marked “X” signed by or on behalf of the parties for the purpose of identification;

  • Pipeline means any pipe, pipes, or pipelines used for the intrastate transportation or transmission of any solid, liquid, or gaseous substance, except water.

  • Bulk mixing plant means machinery, appliances or other similar devices that are assembled in such a manner so as to be able to mix materials in bulk for the purposes of using the mixed product for construction work;