Let’s talk about mining mechanics and hash rates

I saw my miner submit way more shares than expected in a minute. Like over 8000! How is that possible?

That sounds off. You should double-check those numbers. It’s not feasible to submit that many shares without insane bandwidth.

Okay, I get it now. Thanks! So there’s a calculation to figure out the actual hash rate from shares?

Exactly. It’s a formula: Estimated Hashrate = Shares × Share Difficulty × 2^32 / Time. Pretty straightforward.

Cool! Just to confirm, the number of shares resets when a block is found, right?