Mining Hashrate 101: Everything You Need to Know
At its core, hashrate is how many guesses per second your hardware can make to find a valid block header in a proof-of-work network like Bitcoin. The faster you can try cryptographic hashes, the sooner (on average) you?ll hit the network?s target. Bitcoin?s community maintains a simple relationship between difficulty, hashrate, and time:
time ≈ difficulty ? 2?? / hashrate (seconds)
That single equation powers most back-of-the-envelope mining math you?ll ever do. It?s also why hashrate is expressed in units like TH/s, PH/s, and EH/s (trillion, quadrillion, and quintillion hashes per second).
Difficulty and the 10-minute heartbeat
That single equation powers most back-of-the-envelope mining math you?ll ever do. It?s also why hashrate is expressed in units like TH/s, PH/s, and EH/s (trillion, quadrillion, and quintillion hashes per second).
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