Bitcoin Improvement Proposal (BIP)

OPEX (Operational Expenditure) refers to the recurring costs associated with running a Bitcoin mining operation on a day-to-day basis. These expenses are necessary for the ongoing operation of the mining rigs and include costs such as electricity, hardware maintenance, cooling systems, pool fees, and other operational expenses. Unlike CAPEX (Capital Expenditure), which represents one-time investments in mining equipment and infrastructure.

Minimum payout is the smallest amount of cryptocurrency (typically Bitcoin or altcoins) that a miner must accumulate before they can withdraw their earnings from a mining pool. Mining pools set a minimum payout threshold to ensure they cover transaction fees and other operational costs. Once the miner reaches this threshold, the pool will initiate the payout.

FPPS (Full Pay Per Share) is an enhanced payout model used by mining pools to distribute rewards to miners. In FPPS, miners are paid a fixed amount for each share they contribute to the pool, just like the standard PPS model. FPPS goes a step further by including both the block reward and the transaction fees in the payout, ensuring that miners receive 100% of the reward from both sources.

A control board is the main management component inside an ASIC miner that controls communication, mining operations, and system monitoring. It connects the miner to the network, sends mining tasks to the hash boards, receives calculation results, and manages functions such as temperature monitoring, fan control, and firmware operation.

A mining target is a numeric value that defines the difficulty of finding a valid hash in Bitcoin mining. Miners must find a hash that is lower than or equal to the target value in order to successfully mine a new block.