3 ms·
Arguably. Hashrate was chosen as a proxy for compute power (which was chosen as a proxy for time). Compute power (or hashing power, now we have ASICs) is effect
by chriswarbo 6y ago
Arguably. Hashrate was chosen as a proxy for compute power (which was chosen as a proxy for time). Compute power (or hashing power, now we have ASICs) is effectively a measure of energy, since the hardware cost gets amortised.