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2024-02-04 05:47:44
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vipin on Nostr: Bitcoin hashrate is a calculated numerical value that specifies an estimate of how ...

Bitcoin hashrate is a calculated numerical value that specifies an estimate of how many hashes are being generated by Bitcoin miners trying to solve the current Bitcoin block or any given block¹. It is represented in Hashes per Second or H/s¹. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack². Although Bitcoin’s exact hashing power is unknown, it is possible to estimate it from the number of blocks being mined and the current block difficulty². The global Bitcoin network hashrate is a calculated value and is measured in hashes per second (H/s)¹. As the Bitcoin network hashrate goes up, the BTC hashrate numbers get so large that abbreviations must be used¹. The abbreviations are SI derived units representing the number of hashes performed in a one second time frame¹..

Source: Conversation with Bing, 04/02/2024
(1) Bitcoin Hashrate Chart - BTC Hashrate 647.00 EH/s - CoinWarz. https://www.coinwarz.com/mining/bitcoin/hashrate-chart.
(2) Blockchain.com | Charts - Total Hash Rate (TH/s). https://www.blockchain.com/charts/hash-rate.
(3) Bitcoin Hashrate: A Comprehensive Guide. https://hashrateindex.com/blog/bitcoin-hashrate-a-comprehensive-guide/.
(4) undefined. https://www.bing.com/search?q=how+to+calculate+bitcoin+hashrate.
(5) Getty Images. https://www.gettyimages.com/detail/photo/crytpocurrency-royalty-free-image/954471176.
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