@ossun

2/4 When mining crypto assets, miners have to compete by using their mining engine to guess the hash output. More specifically, miners try to generate a hash that is lower than or equal to the numeric value of the target “hash” by changing a single value called a nonce. Every time the nonce changes, then a completely new hash will be created. Basically, the mining machine’s function is to guess the numbers and letters from this hash. Since each generated hash is random and impossible to predict, millions of hash guesses are required. Hashrate is a unit for measuring the speed of a computer or mining machine to perform hashing. The amount of hashing performed by this mining machine per second is what we call the hashrate.

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