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The units of a stripping ratio can vary between mine types. For example, in coal mining the stripping ratio is commonly referred to as volume/weight. [3], whereas in metal mining, stripping ratio is unitless and is expressed as weight/weight. [2] A stripping ratio can be expressed as a ratio or as a number.
Cryptocurrency mining is the way that new cryptocurrency is created.For example, in the case of Bitcoin, miners validate transactions on the blockchain and are rewarded with Bitcoin for their efforts.
The Siilinjärvi carbonatite complex, [1] an open-pit mine owned by Yara International, in Siilinjärvi, Finland Coal strip mine in Wyoming. Surface mining, including strip mining, open-pit mining and mountaintop removal mining, is a broad category of mining in which soil and rock overlying the mineral deposit (the overburden) are removed, in contrast to underground mining, in which the ...
Using this method, because the most profitable coins are being mined and then sold for the intended coin, it is possible to receive more coins in the intended currency than by mining that currency alone. This method also increases demand on the intended coin, which has the side effect of increasing or stabilizing the value of the intended coin. [8]
GPU mining is the use of Graphics Processing Units (GPUs) to "mine" proof-of-work cryptocurrencies, such as Bitcoin. [1] Miners receive rewards for performing computationally intensive work, such as calculating hashes, that amend and verify transactions on an open and decentralized ledger.
This makes it the most energy-intensive bitcoin mining operation in the United States. [268] The world's second-largest cryptocurrency, Ethereum, uses 62.56 kilowatt-hours of electricity per transaction. [269] XRP is the world's most energy efficient cryptocurrency, using 0.0079 kilowatt-hours of electricity per transaction. [270]