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Crypto Mining Equipment 101

Crypto Mining Equipment 101

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Q1

Which of the following is used for Bitcoin mining?

a

Beeminer

b

Antminer

c

Flyminer

d

Waspminer

Q2

The above belongs to which type of mining hardware?

a

ASICs

b

CPUs

c

GPUs

d

none of the above

Q3

Which of these cryptocurrencies can still be mined with GPUs?

a

Ethereum Classic

b

Bitcoin Gold

c

Monero

d

all of the above

Q4

What is the purpose of ASIC resistance?

a

to minimize the risk of mining centralization and the exclusion of smaller-scale miners

b

to make the coins harder to mine, in order to drive their price up

c

to make the coins less susceptible to mining manipulations

d

to kill off the ASIC industry

Q5

Which of these mining tools are only usable for mining and nothing else?

a

GPUs

b

CPUs

c

ASICs

d

none of the above

Q6

Which of these algorithms was created to be ASIC resistant?

a

Equihash

b

SHA-256

c

CryptoNote

d

Scrypt

Q7

The manufacturer of the Antminer mining hardware is _______________.

a

Halong Mining

b

Bitmain

c

Avalon

d

Bitfury

Q8

The Sapphire Miner is a __________.

a

GPU

b

CPU

c

ASIC

d

USB miner

Q9

What is cryptojacking?

a

the unauthorized use of someone else’s computer for mining cryptocurrency

b

the usage of cryptocurrencies for hacking purposes

c

switching out crypto miners for slower ones without your victims knowing

d

getting crypto into any conversation, no matter what your conversation partners think about it

Q10

Which one of these is a popular cryptojacking software?

a

CoinJoin

b

CoinHive

c

CryptoNote

d

Antminer

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