Hash Rate

The Bitcoin hash rate is a measurement of how many times, or the number of calculations, the Bitcoin network can perform per second in attempting to complete calculations each and every second. When the Bitcoin hash rate is higher, this will provide a greater chance of solving a calculation to result in finishing the block and earning the miner a reward.

Hash rate can be measured in mega hashes per second (MH/second), gigahashes per second (GH/second) or Tera hashes per second (TH/second).

Energy Consumption

Energy consumption refers to the power requirements of mining Bitcoin. There is a vital relationship between hash rate and power consumption, particularly when calculating profitability from mining Bitcoin.

The formula is dividing the hash rate count by the total power watts.  

Once again, you can use our very own calculator to calculate the energy consumption per day of different machines here: https://miningstore.com.au/profitability/