What is a Cryptocurrency Hash?

evo

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What is a Cryptocurrency Hash?

Cryptocurrency mining power is rated on a scale of hashes per seconds.

A rig with a computing power of 1kH/s is mining at a rate of 1,000 hashes a second, 1MH/s is a million hashes per second and a GH/s is one billion hashes per second.

Every time a miner successfully solves a block, a new hash is created. A hash algorithm turns this large amount of data into a fixed-length hash.

Like a code, if you know the algorithm you can solve a hash and get the original data out, but to the ordinary eye it’s just a bunch of numbers crammed together and remains practically impossible to get the original data out of.
 
Joined
Oct 5th 2019
Location
australia
Yaa right! A higher hash rate is better as it increases your opportunity of finding the next block and receiving reward.
 
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