Understanding Ethereum Hash Power: A Guide to Gigahashes and Megahashes
The world of cryptocurrency mining has become a complex field, with different terms and units of measurement used interchangeably. In this article, we will delve into the concept of Ethereum hash power and explore the differences between gigahash (GHash) and megahash (MHash).
What is Hash Power?
Hash power refers to an individual’s ability to perform mathematical calculations on a blockchain network and solve complex problems that validate transactions and create new blocks. The more computational power an individual has, the faster they can solve these problems, which increases block times and transaction processing speeds.
Gigahash (GHash) vs Megahash (MHash)
One of the most common units of measurement used to express hash power is GHash, which is equal to 1,000 megahash (MHash). This unit is widely accepted as the standard measure for cryptocurrency miners. However, there is another unit that is gaining popularity: the megathrust.
Megathrust is an alternative unit that measures a miner’s hash rate in gigahashes per second (GHash). To put this into perspective:
- 1 GHash = 1,000 MHash
- 1 GH/s = 10,000 MHash
The term “gigathrust” is often used interchangeably with the term megathrust in cryptocurrency mining. However, some experts argue that gigathrust is not a standard unit and may be more commonly associated with certain types of mining operations.
Ethereum Hash Power: Gigahashes and Megahash
So why use both GHash and MHash to express hash power? The reason lies in the Ethereum blockchain’s native hash function. The Ethereum 2.0 testnet uses a combination of gigahash (GHash) and megathrust (MHash) to measure hash power.
In this context, each miner contributes their own unique hash power using their own GHash unit. This allows for a more accurate measurement of the overall hash power, taking into account the varying levels of computing resources available during different mining operations.
Why does Genesis Mining measure hash power in Terahashes
Genesis Mining, a popular cryptocurrency mining pool, uses terahashes (THash) as the default unit to measure the hash power of the platform. One terahash is equal to 1000 GHash or megathrust. This unit is widely known and used in the community.
The reason Genesis Mining chooses terahash over gigahashes or megathrusts lies in its own internal calculations and data center infrastructure. Using terahashes, they can accurately track and compare hash power across different mining operations.
Conclusion
In summary, understanding the Ethereum hash power system is essential for anyone interested in mining the cryptocurrency. The difference between gigahash (GHash) and megahash (MHash), as well as the difference between gigathrust and megathrust, can be confusing at first glance. However, by understanding the context of each unit and its specific use cases within the Ethereum blockchain, individuals can make more informed decisions when choosing a mining pool or calculating their own hash power.
Sources:
- Bitcoin Magazine
- CoinDesk
- Ethereum World
- CryptoSlate
