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 Cryptocurrencies 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

  • SWAG OÜ undertakes to carry out full service maintenance within a maximum period of 30 (thirty) working days from the arrival of the faulty equipment and/or individual components at the Mining Pool.

  • The delivery of the Equipment on behalf of the User to the Mining Pool must take place within 6 months of the closure of the reservation lot by the User.

  • The delivery of the Miner on behalf of the User to the Mining Pool shall take place within 6 months after the closing of the reservation lot by the User.

  • Where applicable, the Company warrants to the User that the delivery of the Miner on User’s behalf to the Mining Pool determined by Swag pursuant to this Agreement will occur within 6 months after User’s closing of the booking lot (the “Delivery”).

  • SWAG OÜ undertakes to carry out the Full Service Maintenance work within a maximum period of 30 (thirty) working days from the arrival of the damaged Miner and/or individual components at the Mining Pool.

  • The maintenance costs of running the equipment include but are not limited to: hardware setup, data center rent, Mining Pool fees, staff salaries, future planning and proofing, software development, exchange of used and out of order parts and other expenditures required to render the service on a best-effort basis.

  • The generated BTC, generated due to active operation of the Pro Tem Miners will be paid through the Mining Pool to the Borrower, as per the schedule of the then selected Mining Pool, engaged by Blockstream Mining.

  • No assurance can be, or is given, that any of the Mining Pool, Blockstream Mining, the Borrower or the Issuer will not fall prey to such attacks and, in such cases, the Noteholders may experience significant or catastrophic losses.

  • The Company undertakes to carry out the interventions relating to the Full-Service Maintenance within a maximum term of 30 (thirty) working days starting from the arrival of the Miner and/or individual damaged components at the Mining Pool.

  • The Pro Tem Miners will operate as a part of the selected Mining Pool, selected at the sole discretion of Blocksteam Mining.


More Definitions of Mining Pool

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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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 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 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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Related to Mining Pool

  • Wading pool means a shallow pool, with sides 15 inches or less in height, capable of being dumped to change water and used primarily for small children.

  • Swimming pool means any natural or artificial basin of water intended for public swimming or recreational bathing which exceeds 2'6" in depth as specified in the Illinois Swimming Pool and Bathing Beach Act and Code (77 Ill. Adm. Code 820). The term includes bathing beaches and pools at private clubs, health clubs, or private residences when used for children enrolled in a child care facility.

  • 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.

  • Public swimming pool means a swimming pool operated for the use of the general public with or without charge, or for the use of the members and guests of a private club. Public swimming pool does not include a swimming pool located on the grounds of a private single-family home.

  • 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;

  • Metering Point means, for meters that do not use instrument transformers, the point at which the billing meter is connected. For meters that use instrument transformers, the point at which the instrument transformers are connected.

  • 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;

  • Partnership has the meaning set forth in the Preamble.

  • 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, beneficiating, handling, milling or other processing of Products.

  • Geothermal resources shall collectively mean the matter, substances and resources defined in subparagraph 16(a) and 16(b) that are not subject to this Lease but are located on adjacent land or lands in reasonable proximity thereto;

  • 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, on the Effective Date, the area described in Appendix-A and delineated on the map attached as Appendix B or any portion of the said area remaining after relinquishment or surrender from time to time pursuant to the terms of this Contract (including any additional area as provided under Article 11.3).

  • 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; and

  • 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.