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How does Hash Rate work?

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The work of the Hash Rate is that when a miner attempts to add a new block to the blockchain, they must solve a complex mathematical problem involving the Hash function. This process is known as “Proof of Work” (PoW). Hash Rate measures how fast miners can solve this problem. The higher the Hash Rate, the more attempts that can be made in one second, and the greater the miner's chances of being rewarded in cryptocurrency.

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