Hashrate

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Hashrate (or hash rate) is how cryptocurrency mining power is measured. Hash rates are reported for individual miners as well as for the entire industry.

The number of times that a mining machine executes a hash function per second is known as the hashrate. A hash is the output of a hash function. The hash rate varies by the cryptocurrency that is being mined because the algorithms vary across cryptocurrency. Hashrates are measured in hashes per second, written h/s or H/s. [1] Bitmain, a Chinese manufacturer of application-specific integrated circuit miners, advertises that its newest Antminer S9 has a hashrate of 14.5 Th/s, which is 14.5 trillion hashes per second when mining bitcoin. [2]

The hashrate is also the measuring unit of the processing power of the entire bitcoin network.[3] According to Blockchain, a bitcoin industry data service, as of August 6, 2018 the hashrate for the bitcoin network had reached 55 quintillion which is 55 million trillion or 55,000,000,000,000,000,000 hashes per second.[4]

References

  1. What is Hash Rate?. Buy Bitcoin Worldwide.
  2. Website. Bitmain.
  3. Vocabulary. Bitcoin.org.
  4. Hash Rate. Blockchain.
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