Hello, you’re doing a great job,
I’m new to Bitcoin and would like to know the difference between the terms i’ve seen so far. In other words i would like to know what the following terms mean.
TH/s, KH/s, H/s, UBTC, Difficulty, Scrypt, (i’ll appreciate any other term relevant to this discussion that i might have left out.)
Also, if solo Bitcoin mining is no longer worthwhile as i have read in some articles on your site, why are companies producing more and more mining apps (both on PC and mobile platforms)
Femi you’ve come to the right place!
First of all here’s a pretty extensive Bitcoin glossary for any term you want to look up. Regarding the mining question – I believe what you’re referring to are cloud mining sites that don’t really mine. They are just ponzi schemes disguised as sites that allow you to mine Bitcoin in order to get the audience excited and invest money in them. If I didn’t fully answer your question please let me know.
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