Hashrate refers to the speed at which mining hardware performs calculations to solve cryptographic puzzles and find valid block hashes. Each calculation is a “hash,” and the goal is to find the correct one that meets the block’s difficulty target.
▪ The higher the hashrate, the more attempts a miner can make per second - increasing the chances of discovering a new block and helping maintain the blockchain’s stability.
Hashrate is measured in hashes per second (H/s), and depending on scale, it’s expressed in:
kH/s – thousands of hashes per second
MH/s – millions
GH/s – billions
TH/s – trillions
PH/s – quadrillions
EH/s – quintillions
For large networks like BTC, hashrate is commonly measured in exahashes per second (EH/s).
A strong illustration of mining power is WhitePool, which has officially surpassed 10 exahashes per second (EH/s) - accounting for over 1% of Bitcoin’s total network hashrate.
This achievement highlights growing trust from miners globally and positions WhiteBIT Mining Pool as a major player in the crypto mining space. The increased hashrate not only enhances the pool’s chances of earning block rewards, but also contributes to the overall decentralization and security of the Bitcoin network.
Mining difficulty is a dynamic setting that regulates how hard it is to find a valid hash. The BTC network adjusts this difficulty approximately every two weeks to ensure that blocks are mined roughly every 10 minutes - regardless of how much total computing power is in the network.
If the hashrate increases, the network raises the difficulty.
If the hashrate drops, difficulty decreases.
This self-adjusting mechanism helps keep the network secure, stable, and fair for miners.
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