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Author: Admin | 2025-04-28
Who processed the block – the miner who found the solution – will receive 12.5 BTC as a block reward.What is Hashrate? Why Do We Use Hashrate to Measure Mining Capacity?Some people describe bitcoin mining like it’s a computer solving a really complicated math problem.That’s sort of true. Up to this point, we’ve told you that bitcoin miners are solving complex math problems to compete for rewards.However, there isn’t really a math problem involved in bitcoin mining. There’s no math or computation involved in the process. Instead, miners are trying to be the first to create the correct 64-digit hexadecimal number. This is called a “hash”. Essentially, it’s guesswork.Basically, the goal of bitcoin mining is to come up with a 64 digit hexadecimal number. That number will look like this:0000000000000000057fcc608cf0130d95e27c5819203e9e968ac56e4df498eeWhen you compare different mining hardware, you’ll probably notice people talking about “hashrate”.Hashrate is simply a measure of a bitcoin miner’s power. The higher the hashrate is, the more mining power a bitcoin rig has, the better it will be at mining bitcoins.Hashrate is measured in terms of megahashes per second (MH/s), gigahashes per second (GH/s), and terahashes per second (TH/s).Each of these numbers refers to the number of hashes your computer can input each second. The more numbers the bitcoin miner is inputting, the more likely you are to earn a block reward. The miner that enters more numbers more quickly than other machines is more likely to earn a block reward.Why Do We Need Bitcoin Mining? What’s the Point
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