cryptomining

Noun

Meaning

cryptomining (uncountable)

The process of reverse-engineering the encryption used by cryptocurrency in order to generate cryptocurrency.

Examples

Even though cryptomining declined during 2019, linked to cryptocurrencies' fall in value and the closure of the Coinhive operation in March, 38 percent of companies globally were impacted by crypto-miners in 2019, up from 37 percent the previous year. Source: Internet

If that were to change with the Quadro GV100, cryptomining will ensure that prices are kept apart. Source: Internet

Playstation and Xbox for example have powerful Graphic Processing Units (GPUs) and are designed for high performance, making them a perfect target for cryptomining. Source: Internet

Of course people really do spend months using special hardware to dig up cryptocoins—a quick Google search of "cryptomining" will land you with a dozen guides to mining different currencies, from Bitcoin to Ethereum to Monero. Source: Internet

However, it's also a gift for those who want to indulge in cryptomining schemes. Source: Internet

One is to trick victims into loading cryptomining code onto their computers. Source: Internet

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