Terahashes Per Second: Measuring Mining Power
Terahashes Per Second (Th/s) is the unit that denotes the power of a computer or mining machine.
What is Terahashes Per Second?
Terahashes Per Second is a measure of processing speed. A hash is a measure of the amount of processing power a computer needs to solve a problem. The more hashes per second, the more processing power.
The number of hashes per second indicates how much computing power is required. Hash rate is measured in the following units – megahash, gigahash, terahash per second, and so on. One terahash is equal to 1 trillion (1,000,000,000) hashes per second. In the context of bitcoin or blockchain mining, the hash rate per second is very important because it determines how long it takes to complete a block.
Cryptocurrency hashing speed
Cryptocurrency mining uses computers that solve complex mathematical problems to verify transactions on the blockchain. Mining ensures the security, storage and tracking of the cryptocurrency. The more processing power a miner has, the more likely they are to win the race to verify transactions and make a profit.
In 2009, when bitcoin was just beginning to develop as a currency, ordinary home computers could easily mine blocks. As more miners emerged, the difficulty of finding new blocks increased significantly. The average time to solve one block began to exceed 10 minutes.
The Bitcoin network adjusts the complexity so that, on average, one block is found every 10 minutes. There are many blocks that require less than one solution, so a lot of work is wasted (since finding these solutions only brings transaction fees). The higher your hash rate, the more often you can successfully mine bitcoins.
For example, a miner with a 3Gh/s hash rate will find about three times as many bitcoins per month as a miner with a 1Gh/s hash rate. Hash rate is the biggest determinant of profitability. The efficiency of the mining equipment is increasing day by day and the bitcoin exchange rate continues to rise. This is an important factor that determines how much energy is required to mine bitcoin. More hashes means that more energy is required to solve the math problem, so everything is relative.