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Hash power, or hash rate, are interchangeable terms used to describe the combined computational power of a specific cryptocurrency network or the power of an individual mining rig on that network. The hash rate of a mining rig is the number of hashes that it can calculate per second. The combined hash power of a cryptocurrency network is the sum of the hash rates of all mining rigs that are in operation at any given moment. The hash rate of an individual device is a key metric for measuring the profitability of a mining setup as it determines the likelihood of finding a “good” hash that will produce a mining reward.

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