Term of the Moment
if-then-else
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Definition: hash rate
The number of cryptographic hashes per second (H/s) a computer executes for blockchain mining such as Bitcoin. A hash rate may refer to computations in a single GPU in one computer, a crypto mining machine, or hundreds of machines in a mining datacenter (see ASIC miner). See cryptographic hash function.
Quintillions of Hashes per Second
For example, CleanSpark is a top North American public Bitcoin miner. In January 2022, its total hash rate exceeded 2 EH/s (two quintillion hashes per second). In that year, the company was rewarded with an average of 10 bitcoins per day, which means all the machines combined solved a mathematical puzzle 10 times (see Bitcoin halving). The idea is that if hard work is done, even if just numbers being calculated in a computer, there should be a reward. Bitcoin's Satoshi Nakamoto employed that concept (see Satoshi Nakamoto). See space/time.
A CleanSpark Datacenter
Quintillions of Hashes per Second
For example, CleanSpark is a top North American public Bitcoin miner. In January 2022, its total hash rate exceeded 2 EH/s (two quintillion hashes per second). In that year, the company was rewarded with an average of 10 bitcoins per day, which means all the machines combined solved a mathematical puzzle 10 times (see Bitcoin halving). The idea is that if hard work is done, even if just numbers being calculated in a computer, there should be a reward. Bitcoin's Satoshi Nakamoto employed that concept (see Satoshi Nakamoto). See space/time.
After expanding with more machines, by 2025, CleanSpark reached 40 EH/s. (Image courtesy of CleanSpark.)
Hashes Per Second KH/s Khash/s Kilo (thousand) MH/s Mhash/s Mega (million) GH/s Ghash/s Giga (billion) TH/s Thash/s Tera (trillion) PH/s Phash/s Peta (quadrillion) EH/s Ehash/s Exa (quintillion)