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 ▇▇▇▇▇▇, 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.

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;

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 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).
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 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.
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.
Lender will have the right to approve any Mining Pool, Exchange or Brokerage Account and applicable wallets to be utilized by Borrower.
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 Company undertakes to carry out the interventions relating to the Full-Service Maintenance Service 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 Company warrants to the User that the delivery of the Miner on behalf of the User to the Mining Pool determined by Swag pursuant to this Agreement will take place within 6 months after the closure of the reservation lot by the User (the “Delivery”).

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.

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;

Mining Pool means the location for which all BTC Revenue generated from operating Colocation Servers are directed for the purpose of this Agreement, except when Miner Redirection is implemented.

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;

Mining Pool means the digital location of a network of distributed Bitcoin miners cooperating to participate in finding new Bitcoin blocks and earning Bitcoin based on contribution of Hashrate.

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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