Open Source Miners
Glossar

Mining-Begriffe einfach erklärt

Von ASIC bis Stratum – die wichtigsten Begriffe rund ums Bitcoin-Mining zuhause.

ASIC
An ASIC (Application-Specific Integrated Circuit) is a special chip that does just one job extremely efficiently – in Bitcoin mining, computing SHA-256 hashes. All modern Bitcoin miners rely on ASICs.
AxeOS
The open firmware that Bitaxe, Nerdaxe and NerdQaxe run on. Through a web dashboard you control pool, frequency and voltage and see hashrate and temperature in real time – without a manufacturer account.
BM1370
The efficient mining ASIC from Bitmain’s current devices, used in the Bitaxe Gamma, NerdQaxe and NerdOctaxe. Good efficiency (J/TH) in a compact form factor.
Bitaxe
A well-known open-source design for a single-ASIC miner (currently with the BM1370). The Bitaxe is the most popular way into home and solo mining. See the Bitaxe Gamma 601.
Block reward
The amount of Bitcoin plus transaction fees that the finder of a block receives. In solo mining you get the full reward if you hit a block.
Difficulty
The mining difficulty adjusts roughly every two weeks so that on average a block is found every 10 minutes. As the global hashrate rises, difficulty rises too.
Efficiency (J/TH)
Joules per terahash measures how much energy a miner needs per unit of compute. Lower values are better – they mean lower electricity costs at the same hashrate.
Halving
About every four years the block reward halves. This makes Bitcoin scarcer and shapes mining economics over the long term.
Hashrate
A miner’s compute power, measured in hashes per second (e.g. TH/s = trillions per second). More hashrate means a higher chance of finding a block.
Lightning
The Lightning Network is a second layer on top of Bitcoin for fast, cheap payments. You can use it to pay in our shop.
NerdQaxe / NerdOctaxe
Open-source miners with several BM1370 ASICs for more hashrate than a single Bitaxe. The NerdQaxe ++ uses four, the NerdOctaxe eight ASICs.
Nonce
A number the miner keeps changing to find a valid block hash. Trying vast numbers of nonces is what mining actually is.
Pool mining
Many miners combine their hashrate in a pool and share the proceeds by contribution. This brings regular small payouts instead of the solo lottery.
Solo mining
You mine alone against the entire network. If you find a block, the full reward is yours – a lottery with a high payout. More on this in our guide on solo mining.
Stratum
The protocol your miner uses to connect to a pool. In AxeOS you enter the stratum URL, port and your Bitcoin address.

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