Hashrate is an indicator of the computing power of mining equipment. This parameter shows the number of operations per second that the computer hardware performs. The indicator is expressed in H/s and higher measures of calculation. Cryptocurrency miners often track different parameters. One of the characteristics is Reported Hashrate. This phrase is translated from English as “reported hashrate”. The value of the parameter, as a rule, differs from the actual capacity of the equipment used. Beginners rarely understand why this happens.
Differences between the declared hash rate and the actual and average hash rate
There are 3 terms concerning computing power values:
- Current. This is the actual (confirmed) value. It is calculated by the mining pool. The parameter depends on the number of shares calculated by the user. The indicator affects the profitability of mining cryptocurrency assets. Any mining pool pays for the work of participants, taking into account exactly the provided orbs.
- Average. This is the average value. It is calculated for a specific period of time – usually 24 hours. The indicator is used in statistics. It has no other use.
- Reported. This is the reported power. The value is used by software to record the hash rate sent to the pool. The parameter is used only for comparison with the confirmed value. There is usually a small difference between these values. Also, the parameter is only displayed in the software for connected vorkers (devices for cryptomining).
How to stabilize Reported Hashrate
There is always a variation in characteristics. If the differences are not critical, you should not waste time stabilizing the indicators. But sometimes the actual data are much lower than the reported ones. Then stabilization is necessary.
Current Hashrate can be much lower than Reported Hashrate for a number of reasons presented in the table below.
| Factor | Comment |
|---|---|
| Incorrect equipment setup | This is a banal rookie mistake. Even a couple of misconfigured settings can greatly reduce the confirmed crypto mining rate. |
| Bad internet | Instability and low connection speed much slows down the transmission of crypto information to the mining pool. Because of this, some of the sent orbs become irrelevant when the service receives hashes from the participant. As a result, the pool does not count the client’s hashrate. |
| Inappropriate software for mining cryptoassets | Not all programs can be effectively used for mining. The performance of hardware with different operating systems and settings also varies. Therefore, unsuitable software and OS can reduce the power of the hardware. |
| Setting Worcester names for groups of mining equipment | Names are required to be set for each individual device. Only then will mining pools correctly identify the wokers and their power. |
Optimal reported value
Normally, Reported exceeds Average only by 10-20%. This difference is considered optimal in the community of cryptocurrency miners.
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Why you shouldn’t chase high numbers
To increase the confirmed hashrate, miners “overclock” their video cards and other hardware. However, beginners should not do this. Excessive or incorrect overclocking leads to an increase in the heat generated. As a result, the mining equipment overheats and fails without the possibility of repair. Also, overclocking increases the load on electronic chips. This reduces the life of the equipment.
Manufacturers of video cards and other computer components release them to the market already calibrated. Changes in factory specifications often lead to a decrease in the life of mining equipment.
Frequently Asked Questions
👀 Where can I see hash rate?
In mining programs, the information is located in different tabs. But usually the characteristics are displayed in the interface with the lists of vorkers.
🚩 Do software versions affect the speed of calculations?
There is no direct dependence. But software creators try to improve the performance of the wokers in new versions.
💻 How to choose software for mining digital coins?
First of all, it is necessary to focus on the compatibility of the software with the current operating system and technology. It is also recommended to choose programs with open source codes. They are safer than the others.
💰 How to start mining cryptocurrency?
You need to create a bitcoin wallet, configure the equipment and OS, choose a program and pool, start mining. After you can “overclock” the technique. But beginners are better not to do this.
🕑 What is the timing for Current Hashrate?
Pools calculate this characteristic for different periods. The timings go up to 60 minutes.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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