Burst Mining

Unlock the essential crypto terminology for Business Intelligence (BI) to enhance data-driven decision-making and improve analytical insights.

Burst mining refers to a method of mining that utilizes hard drive space instead of traditional GPU or CPU power. This approach is designed to make mining more accessible to individuals who may not have the resources for high-performance hardware.The process begins with miners precomputing a large number of cryptographic hashes and storing them on their hard drives. When it’s time to mine a block, these pre-computed hashes can be quickly accessed, allowing miners to compete for block rewards with less energy consumption compared to other methods.Burst mining utilizes a unique algorithm called Proof of Capacity (PoC), which rewards users for the amount of disk space they allocate to the network rather than just raw processing power. This method is seen as more environmentally friendly, as it reduces energy consumption associated with conventional mining operations.Overall, burst mining offers an alternative for individuals seeking to participate in mining without investing heavily in expensive hardware.

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