1 – I asked what does 5000 th/s bitcoin mining power mean? 2-I also if they expect to do a share reduction. Here is the response they just sent:
Welcome to the Company.
1. A hash is the output of a hash function and, as it relates to Bitcoin, the Hash Rate is the speed at which a compute is completing an operation in the Bitcoin code. A higher hash rate is better when mining as it increases your opportunity of finding the next block and receiving the reward. Th/s is a trillion hashs per second which is referred to Terra Hash. Most calculators on the web though run on Gh/s which is Giga Hash. There are 1,000 GH/s for each 1 Th/s. The easiest way to think about about is all miners are competing against each to guess the correct hash number to find a BTC Block and get the reward. So the more hash power you have the more guesses per second you can make which increases the likelihood that you would guess the correct hash number. This is why people tend to join various pools. These pools combine everyone hash power and divide the rewards based on the percentage of power contributed. For example, we mainly use Slush Pool but we have also used F2 and Antpool. How many miners isn’t has important as what your hash power is. Once you know the hash power than you can easily estimate what the estimated rewards would be. Then you subtract maintenance fees , power and other costs. Since we are in collective hosting site these fees are subtracted before sent to us. So what we receive is net of the maintenance fees and power. This a main site to calculate what the espected returns are: https://whattomine.com/coins/1-btc-sha-256. 5,000 Th/s would be 5,000,000 GH/s.
2. No we haven’t and would not expect to. It would not make a difference since the majority are held by officers and directors and would not ever be sold.