Ethereum: Miner speed conversion

Ethereum miner speed conversion: a guide to understanding of intercourse

As an Ethereum developer, you should understand how Górnik’s speeds work in the blockchain network, such as Ethereum. In this article, we delve into the conversion factor between shortcuts per second (h/s) and actions per second (S/h), especially focusing on the difficulty level of 1 participation.

What are Górnik’s speeds?

Górnik’s speed refers to the speed at which miners compete for verification of transactions in the blockchain network. The sooner the miner can extract, the more shares they earn, assuming the same amount of computing energy and equipment.

shortcuts per second (h/s)

Hasze for a second represent the number of cryptographic abbreviations that a miner can generate in one second. This value is usually measured by a block reward system, which provides miners with a constant number of new cryptocurrency units for each newly broken block. The block award is set at the level of difficulty on the web.

Actions per second (S/H)

Actions per second represent the number of actions that can be earned by a miner in one second. In Ethereum, the total supply of ether (ETH) is limited to 21 million units. To understand how much divide the Ethereum miner earns on h/s, we must take into account the level of difficulty.

Difficulty level conversion factor and sharing conversion factor

Assuming the difficulty level of 1 participation (S/H), here is the conversion rate between H/s and S/H:


Hashes per second (h/s) = ether/2^32


shares per second (s / h) = ether / 2^(33-dificulty)

where the difficulty level of 1 participation in ETH is difficult.

To calculate this attitude, we must know the block prize at h/s. For now, the block award for h/s is around 14.142 ETH (source: Ethereum Foundation). Let’s use this value to estimate the conversion rate.

Calculation of the conversion rate

We assume the difficulty level of 1 participation and calculate equivalent actions per second for the h/s rate:


Hashes per second (h/s) = ether/2^32


shares per second (s / h) = ether / 2^(33-dificulty)

Calculation of the conversion rate (estimation):

By using the difficulty level of 1 participation, we can estimate the conversion rate in the following way:


Hashes per second (h/s) = ether/2^32


shares per second (s / h) = ether / 2^(33-1)

It simplifies:


hash per second (h/s) ² ether/2^31


shares per second (s / h) ½ ether / 2^32

Ethereum: Miner speed conversion

To convert h/s to s/h, we share by appropriate powers 2, which causes a relationship similar to that below:


factor = shares per second (S/h)/shortcuts per second (h/s)

By using this estimate, we can calculate the conversion rate in the following way:

conversion rate (estimation):

By assuming the H/S indicator around 14,142 of the ether and using the difficulty level of 1 participation, the conversion rate is approximately:


factor = shares per second (S/h)/shortcuts per second (h/s) OFD 0.0036

This means that for every shortcut (h/s), which the miner can generate, earns about 3.6 s/h.

Important note:

It should be remembered that this is an estimate, and actual conversions may vary depending on several factors, including:

  • Block prize for h/s

  • Difficulty level

  • Network overload

  • Equipment capabilities

Application:

To sum up, understanding the conversion rate between shortcuts per second (h/s) to action for a second (S/h) is of key importance for Ethereum developers. By recognizing the level of difficulty and using the blocking of the block prize on h/s, we can calculate the equivalent S/H speed. It should be remembered that actual conversions may vary and require further research or calculations to confirm.

I hope that this article provided a valuable insight into the conversion of Górnik’s speed between shortcuts per second (h/s) and actions per second (S/h), especially for Ethereum developers at the difficulty level of level 1.

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