How Is the Hash Rate of a Network Typically Measured and Tracked?
The hash rate is not directly measured but is estimated based on the network's difficulty and the rate at which blocks are found. The difficulty is a known parameter, and the target block time is also fixed.
If blocks are found faster than the target time, the network's hash rate is estimated to have increased. Specialized websites and services track this data by observing the block production rate and calculating the implied hash rate.
Glossar
Target Block Time
Block ⎊ The target block time, within cryptocurrency contexts, represents the anticipated duration between successive blocks added to a blockchain.
Hash Rate Influence
Influence ⎊ The hash rate, representing the computational power dedicated to a proof-of-work cryptocurrency network, exerts a multifaceted influence on market dynamics, particularly within derivative instruments.
Hash Rate
Power ⎊ Hash rate quantifies the total computational power dedicated to solving the cryptographic puzzle in a Proof-of-Work network.
Block Production Rate
Throughput ⎊ Block Production Rate, within cryptocurrency networks, quantifies the number of blocks successfully added to the blockchain over a defined period, typically seconds or minutes.