With numerous cryptocurrencies, so-called mining is used, with which you can mine new coins. In this context, the giga hash or hashrate specification plays an important role because it determines the speed at which certain calculation parameters are performed.
Hashing speed refers to the computing power or speed of a computer that performs particularly complex computational operations in the mathematical field. At the same time, a hashrate is a unit in the bitcoin network in which, as is known, such operations must be performed. In connection with the hashrate, the term giga-hash or tetrahash is often used. For example, the hashing speed of 2000 giga-hashes means that at least two trillion calculations per second can be performed in the network of the first cryptocurrency. High hashing speed has a number of advantages
Of course, mining is also efficiency, which, in turn, largely depends on the hashing speed. The higher the calculation speed, the more tasks can be solved in a shorter time. In addition, ten minutes are initially available on the bitcoin network to solve a computational problem. Then the difficulty level increases after another ten minutes, then increases again after the next ten minutes, and so on. For this reason alone, it is advantageous to be able to use a relatively high hashing speed so that tasks can be solved as quickly as possible.
Mining pool often leads to significantly more computing power
If for some reason it is not possible to purchase new devices with higher performance for mining, there is another alternative, namely the so-called mining pools. To put it simply, several computers that work together form a pool. Thus, the unification of miners contributes to an increase in total computing power. It also increases the chances that complex computational tasks can be solved within a given limit. Therefore, the hashrate that can be achieved in this way, the higher the more miners are pooled.
