I am actually getting a grip on some of the terms used here. So far here are the terms I am familiar with:
1. Volatile - swinging of prices in extreme ends or prices suddenly change?
2. Fiat - usually refers to paper money
3. Altcoins - coins aside from bitcoin
Can you share some of the terms you know? It would be a very big help to widen each others bitcoin vocabulary.
Thank you very much!
1. PO (payout) = Payment of a mining / hyip / PTC site etc into our account1. Volatile - swinging of prices in extreme ends or prices suddenly change?
2. Fiat - usually refers to paper money
3. Altcoins - coins aside from bitcoin
Can you share some of the terms you know? It would be a very big help to widen each others bitcoin vocabulary.
Thank you very much!
2. WD (withdraw) = bitcoin transfer process from mining / hyip / PTC account etc into bitcoin wallet
3. Scam = brief explanation of "Not Paying"
4. Ripper = in the bitcoin world Ripper is often interpreted Fraudsters
5. Mining = mined ... ie mined bitcoin, to do mining we usually required to buy mining tools on a web (cloudmining) there are 2 types of mining that is mining hardware and cloudmining
6. Trading = doing the buying and selling activity on bitcoin exchanger sites
7. Exchanger = exchange place bitcoin to Usd and other coin2
8.Wallet = wallet / storage bitcoin
that's all I remember. there is already a trhead that gives information about the term in bitcoin
You should also explain "Cloudmining" for people to know the difference between normal Crypto currency mining and "Cloud
mining" -- Cloud mining or cloud hashing enables users to purchase mining capacity that of hardware in data centres. ...
Bitcoin cloud mining, sometimes called cloud hashing, enables users to buy the output of Bitcoin mining power from Bitcoin
mining hardware placed in remote data centres. So you do not own the hardware, but rather mine with hashing power
being generated by other people's hardware {In theory, but seldom what is happening... most of these sites are just Ponzi
scheme, pushing fake numbers and moving money around}
Normal mining is done with your own hardware {ASIC miners}
