Do repost and rate:
- Energy consumption Bitcoin mining hardware is an investment, and has several associated costs. The more powerful the hardware we have, the more electrical power is needed. Before making a purchase, we need to consider the electrical hardware or hardware we want and calculate the number of electricity bills that we will pay. Obviously we don't want to spend all our money covering electricity costs while mining coins that aren't even worth what we would support right. We can use the hash rate and the total power consumption to see how much hash we will get for each watt of electricity used by our hardware. To do this, we only need to divide the number of hashes by the number of watts. For example, if our hardware hash rate is 5,000 MH / s and requires 32 watts of power, then we will get 156.25 MH / s per watt. You can use an online electricity pricing calculator or check your electricity bill to find out how much electricity will cost you. We'll also be using a computer to run this mining hardware. Of course, our computers also need their own electrical energy in addition to the mining hardware, so we also need to include it in the previous calculation. Hash rate Given the complexities involved in Bitcoin mining, it is very important to consider before considering the type of hardware we are going to use. There are several tools to try when choosing the right equipment for us, and one of them is the hash rate. Hash rate is the number of computations the hardware can perform per second. This is a very important parameter in my opinion, because a higher hash rate will obviously increase our chances of solving math problems quickly and correctly. What the miners are looking for is the determined output of the hash function. When it comes to hash functions, the same inputs will always produce the same output, but they are designed to be unpredictable. So the best way to find a specific output is to try as many random inputs as possible. In addition, mining is very competitive, so in order to collect rewards, miners must be able to go through random inputs. That is why choosing hardware with a high hash rate is so important for mining. Hash rate measured in megahash per second (MH / sec), gigahash per second (GH / second) and terahash per second (TH / second).
