This content originally appeared on DEV Community and was authored by martin tyeman
New technologies bring new names and terms to market. It is one of the newest technologies available in the Chinese blockchain and cryptocurrency market. The world of cryptocurrency is full of unknown terms. In this article, we want to get acquainted with one of the most important terms in this world. The word hash is one of the most widely used and common terms in this environment. In the following, we intend to get a better view of the Chinese block by answering the question of what is a hash rate.
What is the hash rate? Criteria for measuring minor devices
Hash rate or hash power is a measure of the performance of a minor device. In addition to buying and selling different types of digital currencies, many people are also engaged in mining in various types of digital currency exchanges. We need a miner device for mining. A miner device is a device that solves complex network equations. In fact, it is difficult to solve difficult equations for any network activity such as financial transfers. Some people called miners solve these equations with the help of advanced devices. Any miner who can solve the equation sooner will be rewarded from the grid. Therefore, miners are always looking for the most powerful devices for mining. This is where the importance of hash rate comes into play.
Hashing, mining is getting harder day by day
So far we are familiar with the definition of HashRate. The hash rate is not a fixed number. In fact, due to the extraction time of the blocks, the hash rate also increases. In other words, if the hash rate is constant, many people can solve all the equations in the network in a very short time. But the architecture of most digital currencies, especially bitcoin, is designed in such a way that it takes more time to solve the equations each time. Here the hash function shows itself more. In other words, higher hash power makes it more difficult to extract bitcoins and similar currencies. It is interesting to know that like the possibility of digital currency calculator that has made it possible to calculate the conversion of currencies to each other, some sites have made it possible to calculate the economics of mining based on hash at the moment.
How is hash rate measured and what is its unit?
The hash rate is calculated and measured by a unit called (hash per second). The hash rate can also be divided into larger or smaller units. You can see the hash rate units below:
1 KH / s or thousand hashes per second; Equivalent to one kilogram per second
1 MH / s or one million hashes per second; Equivalent to one megahertz per second
1 GH / s or one billion hashes per second; Equivalent to one gigabyte per second
1 TH / s or one trillion hashes per second; Equivalent to one per second
1 PH / s or one quadrillion hashes per second; Equivalent to one pt per second
1 EH / s or one quintillion hashes per second; Equivalent to one exhalation per second
Hash rate, reward and difficulty of extraction, mining profitability trio
When we go to mining, we come across a triangular triangle. Hash rate, miners' reward and difficulty level are three interrelated factors. In other words, as the hash rate increases, so does the degree of difficulty. In this situation, the miners compete fiercely to solve the equations. As a result, it becomes more difficult to receive rewards. This is true of all Chinese blocks.
Is hash the most important criterion for buying a mining device?
Hash is just one of the many key factors in the profitability of the mining industry. In addition to hash power, power consumption and device price are also important factors in mining profitability. In the bitcoin mining industry, for example, the more hashes a device has, the more likely it is to solve the equation. We suggest that you refer to the Lightcoin purchase page before continuing the article and to get acquainted with digital currencies.
Introducing 3 devices with high hash rate for mining
After getting acquainted with mining and hash rate correction, we have a look at the most famous mining devices. Of course, as we mentioned, hash rate is not just a good criterion for choosing a mining device. But it can help those interested in the mining industry to choose the right device. The choice of mining device also depends on the type of mining currency. In other words, some devices are built solely to extract bitcoin or atrium. Just as you can not convert it into another currency when buying Tetra. Devices designed to extract a type of china block cannot be modified.
1- Bitcoin Main Miner S17 Plus, flag bearer of Bit main
The Main Ant Meyer S17 is considered to be the flagship of Bitcoin. With this in mind, it is clear that the manufacturer has laid the foundation stone for this device. BitMine EntS 17 Plus has a power equal to 73 terraces. Of course, power consumption above 2920 watts along with the price of $ 2600 has made this device one of the most expensive devices on the market.
2- Innosilicon T3 Plus, the hope of the mining industry
The well-known company Innosilicon has marked the line with all its competitors by offering the Innosilicon T3 Plus device. Specifications such as 53-watt power along with 2100 watts of power consumption have put this device on the shopping list of many of the world's major miners.
3- Watts Miner M20S, an attractive product from an emerging company
MicroBT does not have a long life in the mining industry. The company's M20 Miner with 68-horsepower power along with low weight and relatively low price of $ 1890 shows the company's high determination to expand its market. This device can be used more for personal miners.
Hash rate, the mysterious world and the secret of mining
In this article, we tried to get acquainted with the world of mining in the form of what is a hash rate question. The term hash rate is more commonly used in the mining industry. The world of mining has become a world full of mysteries due to the complexity of equations, the variability of rewards. Of course, this fascinating world is not for everyone. In other words, entering this field is suitable for those who are fully acquainted with technical issues and the world of cryptocurrency. The market for buying and selling digital currencies is a more appropriate and sensible way to operate and invest.
This content originally appeared on DEV Community and was authored by martin tyeman
martin tyeman | Sciencx (2021-12-14T14:07:57+00:00) What is a hash rate and what is its role in mining. Retrieved from https://www.scien.cx/2021/12/14/what-is-a-hash-rate-and-what-is-its-role-in-mining/
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