Glossary of Terms

Miner

Definition of

Miner

A Miner is an individual who uses computers with high computing capabilities to execute tasks in exchange for coins or cryptoassets. These tasks may include solving complex mathematical equations or verifying transactions and logging them on a universal ledger in the blockchain. Once a miner completes a task and presents a proof-of-work for a particular block, the transactions included in the block are tagged as "confirmed" and all assets involved are considered good to use.

Related Industries

Stay in the Loop!

Subscribe to our newsletter and get the latest updates, exclusive content, and insights on Data Ops, Machine Learning, and emerging tech startups.

Related Content

A Brutal Disruption in Image Annotation Services in 2025

A Brutal Disruption in Image Annotation Services in 2025

AI data labeling just got disrupted. Generalist models are out, and expert-driven, specialized data is in. Here’s how the landscape is evolving faster than anyone expected.

SaaS: What’s the role of Humans in Customer Service in 2025

SaaS: What’s the role of Humans in Customer Service in 2025

AI is transforming SaaS customer service, but humans remain essential for sensitive cases and personalization. Discover how to optimize both for the best user experience.

Our Managed Services Model

Our Managed Services Model

Learn how our managed services are designed to shoulder all operational responsibilities, offering clients streamlined, process-based operations under a flat monthly fee, allowing them to focus on growth.

How BUNCH Became a 24/7 Operations Powerhouse

How BUNCH Became a 24/7 Operations Powerhouse

Our 24/7 outsourcing services ensure seamless, efficient operations for businesses worldwide. From shift scheduling to cultural sensitivity, we guarantee continuous support in all time zones.

Scaling Data Labeling Teams Without Compromising on Quality

Scaling Data Labeling Teams Without Compromising on Quality

Discover how companies can scale data labeling for ML models without sacrificing quality. Learn about double-pass annotation, AI integration, dedicated teams, continuous training, and robust project management to maintain precision and efficiency.

How We Are Obsessed About Data Quality and Why

How We Are Obsessed About Data Quality and Why

We understand the importance of reliable data quality for training datasets and precision in moderating user-generated content. Learn how we apply rigorous QA in all our processes.

Ethical Supply Chain: Your Reputation Extends to Your Outsourced Teams

Ethical Supply Chain: Your Reputation Extends to Your Outsourced Teams

Explore the importance of ethical supply chain management in outsourcing. Learn how BUNCH ensures fair wages, strict working conditions, comprehensive mental health support, and end-to-end compliance to maintain integrity and enhance your brand's reputation.