The Fierce Competition for Hashrate Continues to Intensify
Hash rate is a unit of measurement that indicates the computational power of machines such as computers and other high-speed computing devices. "Hash/s" is a unit that indicates the ability to perform one hash calculation per second.
Calculations can be made up to the levels of K (kilo), M (mega), G (giga), and T (tera); for example, 10 TH/s means the system can perform 10 trillion hash calculations per second.
A "hash" refers to a fixed-length data string obtained by converting original data. Since hashes can only be processed in one direction, they are well-suited for fraud prevention; it is common practice for passwords on websites to be stored in hashed form so that the site operator cannot read them. Hashes are used extensively in Bitcoin as well
. In mining operations, in particular, miners who can calculate hashes more efficiently than others receive significantly higher rewards, leading to the development of hardware specifically designed for hash calculations.
Consequently, hash rate is also referred to as mining speed. Since mining output can be estimated based on mining speed and mining difficulty, and since hash rate is largely determined by the machine’s specifications, it is used as a key metric for selecting mining hardware.
