Saturday, January 9, 2021

Bitcoin Hash Rate

https://bitinfocharts.com/comparison/bitcoin-hashrate.html

The Bitcoin Hash rate is generally associated with cryptocurrency mining, it indicates the amount of computational operations that a miner or the network of miners is capable of performing.
To mine a bitcoin you need (before with a domestic computer using the CPU Bitcoin was mined) an electronic device capable of solving the hashes of the Bitcoin protocol, SHA-256 proof of work (PoW)
Currently getting the hash of a valid block results in very high mining difficulty, now Bitcoin mining is done with ASIC miners.

The Hash Rate also shows what the security of the network is like, the higher the hash rate, the more secure the network.
The mining difficulty is adjusted to a specific number of blocks and depending on the time it takes to generate the block, the average to find a block is 10 minutes and the Bitcoin algorithm every 2016 blocks adjusts the difficulty.

Hash Rate units:

1 kH/s is 1,000 (one thousand) hashes per second
1 MH/s is 1,000,000 (one million) hashes per second
1 GH/s is 1,000,000,000 (one billion) hashes per second
1 TH/s is 1,000,000,000,000 (one trillion) hashes per second
1 PH/s is 1,000,000,000,000,000 (one quadrillion) hashes per second
1 EH/s is 1,000,000,000,000,000,000 (one quintillion) hashes per second

 

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