Bitcoin hash rate is the speed at which a new block of Bitcoin transactions is verified and added to the blockchain. Hash rate measures the number of times that the hashed (encrypted) data in a block can be turned into a new block.
The higher the hash rate, the faster new blocks can be created and added to the blockchain. .
The hash rate is measured in hashes per second (h/s). One hash is equal to one quintillion (1,000,000,000,000,000,000) hashes. The current Bitcoin hash rate is about 44,200 terahashes per second (44.
2 EH/s). This means that there are 44,200 quintillion hashes being generated every second by the Bitcoin network.
The Bitcoin hash rate is important because it determines how fast new blocks can be created and added to the blockchain. The higher the hash rate, the faster new blocks can be created.
This is important because it allows for more transactions to be processed per second and reduces the likelihood of orphaned blocks (blocks that are not added to the blockchain).
The Bitcoin network difficulty adjusts every 2016 blocks, or about every 2 weeks. The difficulty adjusts itself with the aim of keeping the average time between new blocks at 10 minutes.
If the hash rate increases, then the difficulty will increase; if the hash rate decreases, then the difficulty will decrease.
The current Bitcoin difficulty is 16.78 T and the Block Reward is 12.5 BTC. This means that for every 16.
78 trillion hashes that are generated, one block will be added to the blockchain. The Block Reward halves every 210,000 blocks, or about every 4 years.
Hash rate is calculated by taking the number of hashes that are being generated by a network and divide it by the total number of seconds that have elapsed since the last block was found. For example, if there have been 60 seconds since the last block was found and 200 quintillion hashes have been generated during that time period, then the hash rate would be 200/60 = 3.
To calculate your own personalhash ratetry this calculator: https://www.cryptocompare.com/mining/calculator/btc?Hashes=&Time=&Power=&Cost=&Difficulty=&Block_Reward=&Hash_Rate=.