Whois & Analysis for bitdeer.com

In the context of cryptocurrency mining, a mining pool is 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 solving a block.

A "share" is awarded to members of the mining pool who present a valid proof of work that their miner solved.

Mining in pools began when the difficulty for mining increased to the point where it could take years for slower miners to generate a block.

The solution to this problem was for miners to pool their resources so they could generate blocks more quickly and therefore receive a portion of the block reward on a consistent basis, rather than randomly once every few years.

Transparency, as used in science, engineering, business, the humanities and in other social contexts, implies openness, communication, and accountability.

Transparency is operating in such a way that it is easy for others to see what actions are performed.

It has been defined simply as "the perceived quality of intentionally shared information from a sender".

In economics, a service is a transaction in which no physical goods is transferred from the seller to the buyer.

The benefits of such a service are held to be demonstrated by the buyer's willingness to make the exchange.

Public services are those that society (nation state, fiscal union, region) as a whole pays for.

Using resources, skill, ingenuity, and experience, service providers benefit service consumers.

Computer security, also known as cybersecurity or IT security, is the protection of computer systems from the theft or damage to the hardware, software or the information on them, as well as from disruption or misdirection of the services they provide.