Hashrate is the performance of mining equipment (ASIC, graphics card, processor). Hashrate is measured in solutions per second.
One solution on the Ubiq is called Hash, abbreviated as H. Mining performance is measured in H/s (hashes per second) accordingly.
Current network hashrate of Ubiq: 39.16 GH/s = 39 157 392 019 H/s
Your mining rig, or even a single graphics card, iterates over millions of solutions (hashes) per second.
For example, one Nvidia RTX 3060 graphics card has a hashrate of ~48 MH/s on the Ethash algorithm (ETH, ETHW, ETHF, ETC, UBQ, EXP coins, etc.) It calculates 48,000,000 solutions per second.
The solution is the result obtained after running through one cycle of the miner program. Miners solve a task many times per second (a hash function or just a hash).
Mining is like a game of guessing the correct key, in which miners solve a problem (hash function) and sort through possible block solutions until they find the right one.
After finding the block, the "job" changes, and the world’s miners start looking for another correct key again.
Ubiq hashrate shows the overall performance of all miners in the Ubiq Network.
Current network hashrate of Ubiq: 39.16 GH/s = 39 157 392 019 H/s
The network hashrate is a calculated value. To find the Network hashrate, we need to know the current difficulty of the entire network, the average block time specified by the network, and/or the real-time info about the last blocks.
A change in the overall hashrate of the coin network can tell you when the coin’s mining profitability will grow or when will it fall.
It’s quite sophisticated, but we’ll try to explain it as simply as possible: