Hashrate reflects the performance of mining hardware. It is measured in solutions per second. A solution in the Ethereum Classic network is called a hash, or simply h. Mining performance is measured in h/s (hashes per second).
Your GPU or mining rig is calculating thousands, millions of hashes (solutions) per second. For example, one Nvidia 1070 Ti graphics card has a hashrate of 31 MH/s, according to the 2CryptoCalc mining profitability calculator. It means that it is calculating 31 000 000 solutions per second. In other words, it is solving a hash function 31 million times per second.A solution is a result gained after one cycle of mining software operation. Miners solve a hash function set by a cryptocurrency algorithm multiple times in a second. This is what one solution of a hash function, or a hash, means. Mining itself is a guessing game. Miners are solving the hash function and searching for a potential block solution until they find the right one. Once it is found, the problem is changed, and miners all over the world start searching for another solution. What Is Mining?
What is network hashrate? How is it calculated?
Ethereum Classic network hashrate reflects the overall performance of all miners in the etc network. Currently, Ethereum Classic network hashrate is 5.22 TH/s = 5 217 838 178 756 h/s.Network hashrate is calculated using the current network difficulty, the average block find time set by the cryptocurrency network and/or the effective block find time of the latest blocks. Network Difficulty and Hashrate Explained.