What Is Hashrate & How Is It Measured?
Hashrate measures the performance capability of mining hardware, calculated in algorithms per second. On the Ethereum Classic network, one algorithm is called a hash (or simply "h"). Mining efficiency is measured in h/s (hashes per second):
- 1 Kh/s = 1,000 h/s
- 1 Mh/s = 1,000 Kh/s = 1,000,000 h/s
- 1 Gh/s = 1,000 Mh/s = 1,000,000,000 h/s
- 1 Th/s = 1,000 Gh/s = 1,000,000,000,000 h/s
👉 How to mine ETC efficiently
How Mining Algorithms Work: GPU Hashrate Example
Your GPU or mining rig calculates thousands/millions of image algorithms per second. For example:
- An NVIDIA GeForce GTX 1070 Ti has a hash rate of 31 Mh/s (31 million hashes per second).
- Each "hash" represents one cycle of solving the cryptographic function set by the ETC network.
Mining is essentially a guessing game:
- Miners solve hash functions to find potential block algorithms.
- Once the correct algorithm is found, the problem changes globally.
- The process repeats for new blocks.
What Is Network Hashrate? How Is It Calculated?
The Ethereum Classic network hashrate represents the combined performance of all miners in the ETC ecosystem. As of now:
- Current ETC Hashrate: 242.34 TH/s (242,344,454,685,107 h/s).
This value is derived from:
- Network difficulty (adjusts based on mining competition).
- Average block discovery time (set by the protocol).
- Actual block discovery times from recent blocks.
👉 Why network hashrate matters for miners
FAQ Section
Q: How does hashrate affect mining profitability?
A: Higher hashrate means more competition—individual miners earn smaller rewards unless they upgrade hardware.
Q: Can I mine ETC with a CPU?
A: While possible, CPU mining is impractical due to low hashrates compared to GPUs/ASICs.
Q: What causes sudden drops in network hashrate?
A: Factors like miner migration (to more profitable coins), power outages, or protocol updates.
Key Takeaways
- Hashrate measures mining power in h/s (hashes per second).
- ETC’s network hashrate reflects total security and competition.
- GPUs like the 1070 Ti remain viable for small-scale mining.
For real-time stats, check ETC Network Metrics.