What Does Sol Mining Power Mean (Sol khs hs mhs)?

08/12/2023 09:12 • Blockchain Briefs • 132 views

What does sol mining power mean? Throughout the entire time from Bitcoin to Ethereum, blockchain has been continuously developing. Although we often see many projects making some changes or even destructive changes through their own products, these changes are not immediate, and this process requires a certain learning cost and corresponding investment resources and efforts. So currently, what everyone is concerned about is the mining business in the Ethereum ecosystem.

Therefore, the question of how mining power is calculated is also worth thinking about! In this article, I would like to briefly introduce what Sol (Chinese name: sol) is. What are its characteristics? Why do so many people participate in it? What is its network structure design? What algorithm does it run on? Please see the figure below for details.

According to staking.info, there are currently over 20,000 SOL addresses in the market holding approximately $1 billion worth of SOL. So, based on the calculation of $1, these investors collectively own about 378 million SOL tokens. However, as more and more investors start investing in this token, the price will also drop correspondingly or experience sharp declines. (I am the author Huang Xuejiao. For high-quality blockchain projects seeking coverage, please add WeChat: hxjiapg, please indicate your position and purpose.)

In addition to the rate of return, another very important indicator is the price of SOL. In other words, if you divide the market value by the value of each token, you can get the circulation of SOL (converted into US dollars at the current price), and thus obtain the liquidity of SOL tokens. Of course, this number does not equal your actual asset quantity. If you want to know this data, you can check the token list in the following information: https://btc.com/token/0xcd7a6af4f0e5cabf9dfba8daedbefc24cefa88f50a8ec80

Computing Power: khs, hs, mhs

As of 4:00 PM Beijing time on June 16th, the global hash rate is khs (Hz) 3m (measuring Bitcoin mining power units).

Calculating based on the current block height, the total number of blocks mined worldwide has exceeded 100,000. According to Non-Fungible Tokens (NFTs) data as of 2:00 PM on the 5th day, the proportion of total network computing power has reached nearly 50%, which is more than seven times khs; at the same time, according to the data from the Coin Printing Pool, in the past month, three new mining projects have been added on the Ethereum blockchain, namely Ethermine, Avalanche, NEO, and Tezos.

According to public information, Hive Blockchain was founded and is managed by Li Xiaolai. It is dedicated to building a decentralized blockchain underlying platform through distributed storage technology, aiming to create a new cryptocurrency and smart contract network ecosystem based on “trusted hardware” for data security and privacy protection.

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What Does Sol Mining Power Mean (Sol khs hs mhs)?

Computing Power: khs, hs, mhs

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