What is hashrate?

Hashrate is a metric that reflects the computing power of the equipment used for cryptocurrency mining. It is measured in the number of hashes (cryptographic calculations) performed per second. The higher the hashrate, the more likely it is to find the next block and receive rewards.

How does it work?

Miners solve complex mathematical problems to add new blocks to the blockchain. Hashrate indicates how many of these problems the equipment can solve per second.

Units of measurement:

🔹 H/s (hashes per second),
🔹 KH/s (kilohashes) = 1,000 H/s,
🔹 MH/s (megahashes) = 1,000,000 H/s,
🔹 GH/s (gigahashes) = 1,000,000,000 H/s,
🔹 TH/s (terahashes) = 1,000,000,000,000 H/s,
🔹 PH/s (petahashes) = 1,000,000,000,000,000 H/s.

Why is hashrate important?

🔵 Network security: A higher overall hashrate makes it harder for attackers to perform a 51% attack and rewrite the blockchain.
🔵 Mining Profitability: A high hashrate increases the chances of successfully finding a block.
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