11 votes
Accepted

How is the Monero network hashrate calculated and how is it different than bitcoin?

Bitcoin uses a different difficulty adjustment algorithm than Monero, which consequently leads to a different estimation of the network hashrate. More specifically, Bitcoin uses a fixed window of 2016 ...
user avatar
  • 14.9k
9 votes
Accepted

How does one compare Monero's hashrate with the hash generating power of the world's supercomputers?

Two months ago, Monero core developer smooth said: Monero's mining network is comparable to a low top-10 supercomputer. It's not invulnerable to all attackers but it is a significant amount of ...
user avatar
  • 6,533
6 votes
Accepted

Why is the Monero hash rate so low after the v7 fork compared to other Monero forks?

When Monero forked to v7, it changed its proof of work algorithm. While it previously used Cryptonight, it now uses a slight variant (technically, variant 1) of Cryptonight, which should be typically ...
user avatar
  • 34.6k
6 votes
Accepted

How to get network hashrate from monero daemon via RPC?

You can call the getinfo RPC, which contains the two values you want: difficulty (the threshold a hash must meet to be a valid block) and target (the number of seconds the monero network attempts to ...
user avatar
  • 34.6k
6 votes
Accepted

How far will Monero scale up (gradually or instantaneous)?

I am pretty sure that the network could not handle a million daily transactions (how many does it handle now?) In the last day, Monero processed an average of 2.22 transactions per block excluding ...
user avatar
  • 321
5 votes
Accepted

Energy consumed to protect the Monero network

Generally you can simply look at the value of the current block reward as an indication of how much electricity it takes to secure the network. At 8.7 XMR per block it costs about 78k USD in ...
user avatar
5 votes
Accepted

What happened at Monero difficulty from Nov 2017 to Jan 2018?

It means that the network is used by more powerful miners. Difficulty adjusts to the network hashrate (after every block, unlike Bitcoin which adjusts difficulty only every 2016 blocks, around two ...
user avatar
4 votes
Accepted

How does the difficulty adjustment for monero work?

The difficulty adjusts with each block. The adjustment algorithm examines 720 prior blocks, starting from 15 blocks ago. Of those 720 blocks, the 60 highest and lowest block times are excluded from ...
user avatar
  • 8,398
4 votes

How many hashes are needed to solve a Monero block of difficulty 1?

One Monero block is (1 << 21) / 16 [Source (Lines 40, 43 and 90): https://github.com/monero-project/monero/blob/master/src/crypto/slow-hash.c#L40 ]. The Monero block reward = (M - A) * 2-20 * ...
user avatar
  • 356
4 votes

What happens as monero network hash rate decreases

Value of a coin and hash rate goes hand in hand. If value of coin decrease, then miners will have less reward for their mining and will rather go mine some other more profitable coin. So if a coin ...
user avatar
  • 361
3 votes
Accepted

Why did the total network hash rate drop by 50% after 0.10.1 release?

The network hash rate never reached 70 MH/s (I don't think it even reached 60 MH/s, though it came close), so this points to a bug in the site you're looking at. It seems likely that this is related ...
user avatar
  • 34.6k
3 votes

What happens as monero network hash rate decreases

The network hash rate will vary over time. In general, the higher and more decentralized the hashrate, the more secure the network. If the hashrate becomes too low, then Monero would become less ...
user avatar
3 votes

Energy consumed to protect the Monero network

Based on this answer, an efficient device to mine Moneroj at the moment can produce ca. 6 H/s/W. That's around 20 MH/kWh. The current difficulty of the network is around 6.5 billion (average number ...
user avatar
  • 2,158
3 votes

Mining pools overseas and the impact on the hashrate

I'm not sure what miner you are using, but if you're using XMR-Stak, one of the better ones at the moment, you can click 'r' to get a report on your submitted work. If you have a low acceptance rate, ...
user avatar
  • 128
2 votes

Mining pools overseas and the impact on the hashrate

No, it will not affect your hashrate however you may be submitting invalid shares due to high latency I would recommend switching to a closer pool to avoid invalid share which can result in penalties.
user avatar
  • 563
2 votes

Energy consumed to protect the Monero network

This has already been answered, but I work through the problem slightly differently, which hopefully adds to its ability to be understood. The current hash rate according to moneroblocks.info is a ...
user avatar
2 votes

What's the scratchpad for?

The scratchpad is filled with pseudo-random data based on the state (using rounds of the AES block cipher). Check https://cryptonote.org/cns/cns008.txt for a detailed description of the algorithm (...
user avatar
  • 3,304
1 vote
Accepted

Does Monero network difficulty affect the amount of XMR I get from a pool?

Difficulty is the same as network hash rate, but expressed differently.
user avatar
  • 34.6k
1 vote

Monero hashrate falls dramatically on Azure Windows 10 Pro

Mining of cloud based virtual servers will always be poor and susceptible to changes in HR. With virtual servers you are sharing CPU resources, and with CrytoNight, you need 2MB CPU cache per thread ...
user avatar
  • 17.4k
1 vote

How many hashes are needed to solve a Monero block of difficulty 1?

Answering your actual questions: How many hashes are needed to solve a Monero block of difficulty 1? ... Or, more simply, the average number of hashes (total, across the whole network) required to ...
user avatar
  • 17.4k
1 vote

How many hashes are needed to solve a Monero block of difficulty 1?

According to Minergate: Reward = ((hashrate * block_reward) / current_difficulty) * (1 - pool_fee) * 3600 ...where does the 3600 come from? Does anyone know what this formula means or how to use it?...
user avatar
  • 19
1 vote

How to get network hashrate from monero daemon via RPC?

Thanks to this question I realised that one can calculate the estimated network hashrate from the difficulty of the currently mined block, which can be obtained with the getblocktemplate RPC method. ...
user avatar
  • 153
1 vote

Correlation of number of full nodes to network hash rate

No one can know the number of full nodes at any given time, because not all nodes connect to each other, and there is no way of knowing about nodes that you are not directly connected to. Node ...
user avatar

Only top scored, non community-wiki answers of a minimum length are eligible