Crypto Mining Glossary

A factory reset is the process of restoring an ASIC miner to its original default settings. In cryptocurrency mining, a factory reset removes custom configurations, network settings, and modified firmware settings to help fix software problems, connection issues, or unstable miner behavior.

A fire suppression system is a safety infrastructure designed to detect, control, and extinguish fires inside mining facilities. In Bitcoin mining, fire suppression systems help protect ASIC hardware, electrical infrastructure, cooling systems, and mining operations from fire-related damage and operational disruption.

Firmware is a type of software that is embedded into hardware devices like Bitcoin miners to control their operations. In the context of mining hardware (such as ASIC miners), firmware manages the device’s basic functions, including the mining algorithm, power management.

A firmware upgrade is the process of installing updated software on an ASIC miner to improve its performance, stability, security, or functionality. In cryptocurrency mining, firmware controls how the ASIC miner operates, communicates with mining pools, manages cooling systems, and performs mining calculations.

Flared gas mining is a Bitcoin mining method that uses excess natural gas — normally burned off during oil production — to generate electricity for ASIC mining operations. In cryptocurrency mining, flared gas mining helps monetize stranded energy while reducing wasted fuel and improving energy utilization efficiency.

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 full node is a blockchain node that downloads, stores, and verifies the complete blockchain history while independently enforcing all network consensus rules. In decentralized cryptocurrencies like Bitcoin, full nodes play a critical role in maintaining security, validating transactions, and preserving decentralization without relying on third parties.