What's "Hash rate"- 💰⛏️

By MISSSUAREZ | SS-News & Experiences | 22 Nov 2020


The hash rate is one of the most important concepts in the world of cryptocurrencies. Its impact can not only be seen in issues such as the security of the blockchain, but also in its decentralization and the sustainability of the network over time.

It was born together with Bitcoin and it makes mention of the numerical value within each cryptocurrency that uses the Proof of Work (PoW).

The value indicates the amount of computational operations that a miner or the network of miners as a whole is capable of performing.

Is a competition that leading it can mean an income of more than 10 million euros a day, allowing you and not someone else to mine a block. For this same reason there is a fierce struggle, reserved for very few, to obtain devices that have an increasingly optimal and rapid calculation.

The concept is so broad in the world of cryptocurrencies, that it would be divided into several articles to explain it.

Do you have any additional definition?What do you use the hash rate?

Thanks for reading 💖

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MISSSUAREZ
MISSSUAREZ

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