Denominations of Hash Rate
• 1 KH/s = 1,000 (one thousand) hashes per second
• 1 MH/s = 1,000,000 (one million) hashes per second
• 1 GH/s = 1,000,000,000 (one billion) hashes per second
• 1 TH/s = 1,000,000,000,000 (one trillion) hashes per second
• 1 PH/s = 1,000,000,000,000,000 (one quadrillion) hashes per second
• 1 EH/s = 1,000,000,000,000,000,000 (one quintillion) hashes per second
A Few Common Hash Rate Conversions
• 1 MH/s = 1,000 kH/s
• 1 GH/s = 1,000 MH/s = 1,000,000 kH/s
• 1 TH/s = 1,000 GH/s = 1,000,000 MH/s = 1,000,000,000 kH/s
The relation between Miner’s Reward, Hash Rate, and Difficulty
- Hash rate, difficulty, and miner’s reward are related to each other in different ways. At the point of time, when the network of Bitcoin goes up, the hash rate will be more in order to mine blocks and miners can earn 12.5 BTC block reward and transaction fees too.
- When the difficulty of Bitcoin network increase owing to the more miners, the hash rate or hash power also increases (more computational power will be required to successfully solve a cryptographic problem).
- This correlation in between these are forced into Bitcoin to keep the average
Bitcoin block time of 10 minutes.