Hashrate

<p>The <a href="/facts/Proof-of-work/GKI1LcQU">proof-of-work</a> <a href="/facts/Distributed_computing/o5nyhqTF">distributed computing</a> schemes, including <a href="/facts/Bitcoin/UJvqfray">Bitcoin</a>, frequently use <a href="/facts/Cryptographic_hash/cuxkgbST">cryptographic hashes</a> as a proof-of-work algorithm. Hashrate is a measure of the total computational power of all participating <a href="/facts/Node_(networking)/LBp2vNcJ">nodes</a> expressed in units of hash calculations per second. The hash/second units are small, so usually multiples are used, for large networks the preferred unit is terahash (1 <a href="/facts/Trillion/jjFW4qGq">trillion</a> hashes), for example, in 2023 the Bitcoin hashrate was about 300,000,000 terahashes per second (that is 300 exahashes or 
  
    
      
        3
        ⋅
        
          
            10
          
          
            20
          
        
      
    
    {\displaystyle 3\cdot {10}^{20}}
  
 hash calculations every second).
</p>

Hashrate open-in-new

Hashrate