March 2018
Beginner to intermediate
656 pages
20h 9m
English
Content preview from Mastering Blockchain - Second Edition
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The hash rate
The hashing rate basically represents the rate of calculating hashes per second. In other words, this is the speed at which miners in the Bitcoin network are calculating hashes to find a block. In early days of bitcoin, it used to be quite small as CPUs were used. However, with dedicated mining pools and ASICs now, this has gone up exponentially in the last few years. This has resulted in increased difficulty of the Bitcoin network. The following hash rate graph shows the hash rate increase over time and is currently measured in Exa hashes. This means that in 1 second, the Bitcoin network miners are computing more than 24,000,000,000,000,000,000 hashes per second.
Hashing rate (measured in Exa-hashes) as of March 2018, shown ...