Pools 18
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Glossary

Fiat Currency

Government-issued money like dollars, euros or lira.

Fiat currency is government-issued money: dollars, euros, lira. Its value rests on the issuing state rather than on a fixed supply or a commodity.

Mining profitability is usually judged in fiat, because electricity is billed in fiat. The mining calculator converts estimated coin earnings into fiat for exactly that comparison.

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