Mining

Cryptocurrency mining (from English - extraction) is the process of finding a block in the coin's blockchain. Miners - people and their mining devices - receive a reward in cryptocurrency for finding a block, that is, they mine it.

A mining pool is an association of miners who collectively mine cryptocurrency. Many devices are combined to find a block, the reward is divided between all participants in the process.

A mining farm is several devices combined to mine cryptocurrency. Unlike mining pools, a farm usually belongs to one person

Cloud mining is a type of mining that does not involve purchasing equipment. The company purchases devices for mining cryptocurrency and rents them out remotely.

Mining difficulty is a parameter that determines how much computing power is required to find a block in the coin's network. Mining difficulty increases as the hash rate increases.

Hashrate or computing power of a cryptocurrency network is the computing power of all mining devices connected to the coin's network. It is measured in hashes per second.