The Relationship between Hashrate and Single T (th and eh)

The relationship between hashrate and single T is what? According to official sources, it is simply the cost of hashrate. The price of mining machines determines the frequency of use, profitability, and value of the mined coins for users. For ordinary users, they need to pay corresponding transaction fees or service fees provided by platforms during transactions. Therefore, when users purchase machines, they do not need to spend money on buying electricity.

If customers do not have enough money, they can directly sell to merchants, and in this case, merchants do not provide hashrate services. This way, merchants can obtain lower transaction fees. At the same time, due to high prices, merchants may also face slow capital turnover and other issues. This raises a question – how is the cost of hashrate calculated? We can obtain some data from the following diagram: If we look at the market, almost all companies except Bitmain are using their own hashrate for transactions, so they will deposit their hashrate on exchanges. However, if other companies want to do the same thing, they need different amounts of hashrate, and all of this hashrate is controlled by a certain institution, which prevents many companies from investing this kind of hashrate into production and causes losses. This is why some well-known listed companies in the market are adopting a two-way quotation method to increase their business volume, such as Ant Financial Services Group, which has already begun to use a dual-agent model. However, currently, these two models still have significant differences. First of all, from an investment perspective, if investors want to allocate bitcoin hashrate, it is essentially BTC hashrate on Ethereum. Secondly, from an investment perspective, even for BCH like Ant BCH, its market value will also increase significantly. Of course, another possibility is that although the price of Bitcoin has dropped to a certain extent, market attention to Bitcoin has not decreased significantly. In other words, in any case, the rise or fall of Bitcoin can be achieved through double payments. (Reference: coinmarketcap)

Hashrate (th and eh)

According to a previous report by Planet Daily, the hashrate ranking of Antminer S17Pro, Whatsminer M30s, and Innosilicon T2 and Innosilicon Blockchain, the mining pools under Bitmain, shows that th and eh rank fourth and fifth, with 124.5 TH/s and 83.5 TH/s, respectively. The mining difficulty of Bitcoin has reached a historical high of 15.14 T; the total hashrate of the Ethereum network is 140.6 EH/s, which has increased by more than 20% compared to the historical peak. Currently, the proportion of hashrate in the three major public blockchain networks is the highest, which are:

The total hashrate of ETH is 130.5 GH/s, accounting for 14.74% of the total hashrate;

The total hashrate of BTC is 13.7 GH/s, accounting for 11.76% of the total share;

The total hashrate of XRP is 112.4 GH/s, accounting for 6.61% of the overall share, while the total hashrate of mainstream currencies such as BCH and BSV has a greater potential for decline.