Term of the Moment

blockchain oracle


Look Up Another Term


Redirected from: mining rig

Definition: miner hardware


The equipment required to mine cryptocurrencies, which is the competitive process of verifying and adding new transactions to a blockchain. Major cryptos such as Bitcoin and Ethereum require specialized hardware using custom-made ASIC chips. These ASIC rigs are plugged into the Internet, turned on and left to mine crypto. They also use a huge amount of electricity.

Regular Computers and GPUs
Cryptocurrencies are coming online constantly, and these new cryptos can sometimes be mined with everyday computers or computers with stand-alone GPU cards installed.

Proof-of-Work Processing
The competitive process is performed by calculating quadrillions of mathematical transformations known as hashes. The hash rate of a computer, GPU or ASIC rig determines how successful a user will be in earning the block subsidy by winning the competition. See hash rate.




The Bitmain ASIC Miner
Custom made for computing blockchain hashes, the Antminer S9 was one of the fastest ASIC miner machines on the market in 2017. ASIC miners such as this use a whole lot more power than an ordinary PC, and this unit requires a stand-alone 1600 watt power supply. (Image courtesy of Bitmain Technologies, www.bitmain.com)






Miner Motherboard
In 2018, Asus introduced its H370 Mining Master motherboard with support for 20 graphics cards via USB riser cables. (Image courtesy of ASUSTeK Computer Inc., www.asus.com)