Hashrate

A “miner” is a device used to mine proof-of-work (PoW) cryptocurrencies. The power of a miner lies in the number of hashes it can produce per second and is defined as a miner’s “hashrate”. Hashrate is often measured by Hash/s—also abbreviated as H/s.

Here’s an example of hashrate units and a sample conversion guide:

1TH/s=1000GH/s

1GH/s=1000MH/s

1MH/s=1000KH/s

1KH/s=1000H/s

Different hashing algorithms provide different rates depending on a network’s difficulty. This is why some miners reach TH/s while others only hit KH/s under the same algorithm.

Therefore, it is not very helpful to compare hashrate between miners designed for different cryptocurrencies. We suggest a strict comparison of miners under the same hashing algorithm for respective cryptocurrencies.

Miners should also take into account the total hashrate of the network beyond the single miner hashrate for their comparisons. The total network hashrate can be easily derived from summing the hashrate of all contributing miners. A network’s total aggregate hashrate is reflective of its activity and engagement.