Hash rate

How it is used

Also written hashrate. News and mining reports say the hash rate hit a record, dropped or recovered. Units include TH/s (terahashes per second) and EH/s (exahashes per second). Mining difficulty adjusts to follow changes in hash rate.

Example sentences

1. The hash rate dropped sharply when miners in the region lost power during the storm.

2. A rising hash rate means more miners are competing for the same block reward.

Common collocations

• network hash rate
• hash rate record
• hash rate drop
• share of the hash rate

Related terms

• miningThe process in proof-of-work blockchains where computers compete to solve a difficult puzzle. The winner adds the next block and receives newly created coins and fees as a reward.
• minerA person, company or computer that takes part in mining on a proof-of-work blockchain, using hardware and electricity to compete for the right to add new blocks.
• proof of workA consensus mechanism in which miners use computing power to solve a puzzle before they can add a block. It makes attacks very expensive but uses a lot of energy. Bitcoin uses it.
• 51% attackAn attack in which one person or group controls more than half of a network's mining power or stake, which lets them reverse their own recent transactions and spend the same coins twice.
• hashA short, fixed-length code produced from any piece of data by a mathematical function. Even a tiny change to the data produces a completely different hash, which makes tampering easy to detect.

More terms: Consensus, Mining & Staking

• consensus mechanism
• proof of stake
• validator
• staking
• halving
• block reward