Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: bosshyip on July 14, 2018, 07:50:47 PM
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Simply put, the term "mining", when used to describe an activity being done on a computer, sounds like either part of a game, or not a serious thing.
But in essence, our "miners" out there are the transaction processers who help validate the integrity of the currency and relay that information to all the users. While the basic part of BTC is P2P, it is the "miners" acting as work servers whom keep the ball rolling.
What can be a better term than "mining"? Every time I think of it, I think it is childish and game-oriented. I know that there are real world miners out there, and that is not childish in the least bit, but when you attach the term to an activity done on a computer, it just sounds so juvenile.
A few simple suggestions to replace the term "Miner:
Transaction Server
Crypto Server
Hashing Farm
...seriously, anything but miner. In the short-term, servers make their money by the 50BTC bounty on a block, but they will in the future be making the majority of their money off of transaction fees that they collected while encrypting those transactions.