What Is the Typical Source for Renting Large Amounts of Hash Rate?
The typical source for renting large amounts of hash rate is specialized cloud mining marketplaces or platforms. These services connect miners who have spare computational power with users who wish to direct that power toward a specific cryptocurrency's mining pool for a set period.
This on-demand availability of hash power is what makes 51% attacks on low-difficulty coins feasible, as attackers can rent the necessary power quickly and anonymously.
Glossar
Computational Power
Algorithm ⎊ Computational power, within cryptocurrency, options trading, and financial derivatives, fundamentally represents the processing capacity dedicated to executing complex calculations essential for network operation and trade execution.
Hash Rate
Power ⎊ Hash rate quantifies the total computational power dedicated to solving the cryptographic puzzle in a Proof-of-Work network.
Cloud Mining Marketplaces
Infrastructure ⎊ Cloud mining marketplaces represent a distributed computational resource network facilitating cryptocurrency mining operations without direct hardware ownership.
Hash Rate Rental
Definition ⎊ Hash Rate Rental refers to the commercial transaction where an entity temporarily leases a specified quantum of computational power, typically measured in hash per second, from a third party provider for the purpose of mining a specific cryptocurrency.