The higher the hash rate, the faster your miner can solve problems to generate the mining reward.
MH = Megahash
GH=Gigahash
TH= Terahash
This is how much power your miner consumes.
1000W = kW
A miner running for one hour = 1kWh (kilowatt hour).
ASICs are specialized chips made only to mine one type of PoW algorithm. GPUs are graphics chips that are general purpose and are effective at mining ASIC resistant blockchains.
Keep more money in your pocket by creating a Wyoming LLC. Potential tax deductions include mining equipment, powerpacks, and many other business expenses.
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