What Is ‘Hash Rate’ in the Context of Cryptocurrency Mining?
Hash rate is the speed at which a mining machine performs cryptographic calculations, or hashes, to solve the block puzzle. It is measured in hashes per second (H/s, kH/s, MH/s, GH/s, TH/s, etc.).
A higher hash rate increases a miner's chance of solving the next block and earning the reward. The total network hash rate reflects the combined computational power of all miners on the network.
Glossar
Hashes per Second
Hashrate ⎊ The term "hashrate," frequently expressed as hashes per second (HPS), quantifies the computational power dedicated to verifying transactions and securing a blockchain network, particularly within proof-of-work (PoW) cryptocurrencies.
Network Hash Rate
Security ⎊ Network hash rate represents the computational power dedicated to a proof-of-work blockchain, directly influencing the cost and feasibility of malicious attacks.
Computational Power
Algorithm ⎊ Computational power, within cryptocurrency, options trading, and financial derivatives, fundamentally represents the processing capacity dedicated to executing complex calculations essential for network operation and trade execution.
Total Network Hash Rate
Security ⎊ ⎊ Total Network Hash Rate represents the collective computational power dedicated to a proof-of-work blockchain, directly influencing the cost of attacking the network.
Mining Machine
Hardware ⎊ A Mining Machine is a specialized computational device, typically an Application-Specific Integrated Circuit (ASIC) or a high-end Graphics Processing Unit (GPU) rig, engineered to perform the intensive cryptographic calculations required for Proof-of-Work consensus.
Higher Hash Rate
Security ⎊ A Higher Hash Rate signifies an increased aggregate computational power actively dedicated to solving the cryptographic puzzles on a Proof-of-Work blockchain.