What Does Rated Hash Power Mean (What Does Rated Efficiency Mean)?

What does rated hash power mean? According to the Cambridge Bitcoin Electricity Consumption Index, the current mining difficulty of the Ethereum network is 13.73T. Based on the current coin price calculation, the price of ETH is approaching $300! As Ethereum continues to develop, more and more mainstream coins are experiencing price increases. Litecoin founder, Charlie Lee, announced the launch of Litecoin 2.0 and plans to issue governance token LTC, which is said to be the largest upgrade in Litecoin history.

So what does rated hash power mean? Simply put, it refers to increasing the size of the hash power from the original fixed amount to a certain quantity (such as 2GB) in order to achieve a stable value. For example, if there is enough data available to mine a new block after running for 30 minutes on the Ethereum network, then this number would require more than 3GB of storage space to mine the new block. Therefore, when mining newly generated blockchain coins, if you want to obtain more data, you need to invest more funds, and this is where oracles and the cryptocurrency market come into play. Of course, there are also some imperfections, such as the Automated Market Maker (AMM) algorithm we use today, which optimizes transaction fees and improves liquidity to enhance efficiency, among other factors (Note: divided into three parts): one part is based on return rate or time cost, another part is based on random numbers under certain conditions, and the other part utilizes factors of volatility.

What Does Rated Efficiency Mean?

In the computer world, there is a concept called “rated efficiency” or “timing time.” People usually understand this term as oracles or prediction markets, believing that this function is effective. However, the reality is not always so. For example, when you make a Bitcoin payment, such algorithms automatically execute your transaction. Therefore, we can assume that if someone makes a judgment on an event and their smart contract fails to meet the expected goal, their system will not function properly, resulting in being “rejected.”