Bitcoin & Crypto & NFT News
Miners are locally trying to solve a puzzle and only when they solve it they propagate a hash that represents solution to the network, right? It doesn't make sense to propagate every hash that represents a try to find the right solution to the puzzle. But without that I don't see a way how to calculate it because, by definition, the hashrate is "the number of times per second that computers on the Bitcoin network are hashing data to verify a transaction and perform the encryption that secures the network".
My guess is that hashrate is actually never a precise measurement but rather an approximation of it. But even with that in mind I can't comprehend how it is done. I hope someone can help me with this I would be very grateful 🙂