Glossary
Mining Rig Meaning: What Does Mining Rig Mean in Crypto?
Definition
Specialized computer hardware designed for cryptocurrency mining
Modern rigs use GPUs or ASICs; efficient cooling and power management are key, with setups costing thousands but offering ROI based on crypto prices and electricity costs. Rig Specifications: GPU Rig: 6-12 NVIDIA RTX 3090s, ~$10,000. ASIC Rig: Antminer S19, 95 TH/s, ~$2,500. Power Draw: 3-5 kW per rig. ROI Calculation: Breakeven: 6-18 months at $0.05/kWh electricity.