1. SipPop GamesHome
  2. Tech Ticker

What Does Ethereum Hashrate Mean (Ethereum Network Hashrate)?

• Tech Ticker • 104 views

What does Ethereum hashrate mean? What does Ethereum hashrate mean? In simple te

What Does Ethereum Hashrate Mean (Ethereum Network Hashrate)?

What does Ethereum hashrate mean? What does Ethereum hashrate mean? In simple terms, it is the total mining cost of a coin. In other words, when money is spent, a certain fee must be paid to continue mining. And this calculation process actually operates through the network (such as when you run a program on a computer). As a result, your Bitcoin will receive a certain amount of “reward,” so if the current speed is maintained, a lot of money can be earned.

However, because blockchain is an open-source network platform, it has its own algorithms and rules, and Ethereum is also open-source, which means its system can operate independently without relying on third-party software. So, what is Ethereum? In fact, the definition of Ethereum hashrate is based on the data owned by its network to determine the ownership or value of a certain digital asset, as well as whether the data is represented accurately. Therefore, it can also be understood that the larger the hash value of each node in the Ethereum network, the more blocks of information it produces. (Translated by Google: There are a total of 400 million bytes of block records in the entire network, including 1 MByte). This also means that when an address is sent to another account, the recipient will receive a corresponding amount of Ethereum.

Ethereum Network Hashrate

According to reports, according to the OKLink data from Ouke Cloud Chain, the current Ethereum 2.0 deposit contract address has received 380,000 ETH. Currently, the total network hashrate of Ethereum is 91.26 EH/s, a decrease of 13.85% compared to before. As of 2:15 PM, the Ethereum network difficulty is about 16.95 T.

Other data shows that Ethereum miners have mined nearly $800 million worth of tokens in the past 7 days, with the hashrates of Bitcoin mining machine manufacturers such as Shenma M20S and Xin Dong A10 being about 18.88 TH/s and 17.28 TH/s, respectively.

This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/24007.htm

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/15/2023 04:10
Next 08/15/2023 04:33

Related recommendations