Short Description:

The measure of a miner's computational power.

Main Description:

Hashrate is the measure of computational power or the number of calculations performed by a mining device or network in a given time period. It represents the speed and efficiency at which a device or network can solve complex mathematical problems, typically used in the proof-of-work consensus algorithm. A higher hashrate indicates a greater ability to perform calculations, which is crucial for mining cryptocurrencies and validating transactions on the blockchain. Hashrate is an important metric that determines the competitiveness of miners and the security of a proof of work blockchain network.