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What is Hashrate and why is it important?

In crypto mining, hashrate is a fundamental security indicator that indicates how much computational power is employed each second. It is a term used to describe the rate at which mining occurs. It is expressed in hash/second, which shows the number of calculations that can be accomplished in a second. Machines with high hash power are incredibly efficient and useful because they can process a big quantity of data in a single second.

Hashrate is usually measured in units of k (kilo, 1000), M (mega, 1 million), G (giga, 1 billion) and T (tera, 1 trillion). For example, 1 M hash/s indicates 1 million hash calculations are done every second.

Vaishali Goel
Vaishali Goel
Technology enthusiast, explorer and academic scholar. Currently exploring the crypto world. Join me in my journey to see how crypto, NFT and Metaverse will change the world.
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