Miners must compete using their machines to solve a difficult mathematical problem. "Hashrate" refers to the total combined computational power that is being used to mine and process transactions on a Proof-of-Work blockchain, such as Bitcoin and Ethereum (prior to the 2.0 upgrade).
What is a hash rate?
Hash rate is a measure of the total computational power being used by a proof-of-work cryptocurrency network to process transactions in a blockchain. It can also be a measure of how fast a cryptocurrency miner's machines complete these computations. Miners use computers to run computations on complex mathematical puzzles based on transaction data.
How do I calculate my hashrate?
Learning how to calculate your hashrate can be a tricky task for those new to mining. For the most part, this can be accomplished in one of two ways. The first option is to use mining calculators like WHATTOMINE which has a large database of benchmarks for a wide variety of mining hardware.
What are the different units of hashrate?
Here Are Some of the Common Units of Hashrate: H/s- Hashes Per Second Mh/s- Mega Hashes Per Second Sols- Solutions Per Second Gh/s- Graphs Per Second Therefore it’s important to note that your hashrate will not only vary on the hardware being used but it will also vary depending on the coin you choose to mine.
