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We are running a pool and are trying to get a total hashrate estimate. How can we figure out how many hashes are being submitted to the pool based on the shares submitted?
How does one work out hashrate based on number of submitted shares
Answers
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A share has more often than not the maximum Target value (as in Difficulty 1). To create a share one needs on average 2^32 tries, or hashes. Multiply the number of submitted shares by 2^32, divide over the period those shares were submitted in and you have your hashrate estimate.
possible duplicate: http://bitcoin.stackexchange.com/questions/5299/what-is-the-correct-algorithm-to-calculate-worker-pool-hashrate
– Aurigae – 2013-06-07T18:40:38.460