Hash rate, refers to the computing power used to produce cryptocurrency. It is a measure of the amount of computing power being used to mine cryptocurrency blocks, with a higher hash rate meaning more blocks are being mined at a faster rate.
A higher hash rate can also mean that more people are mining a given cryptocurrency, as well as that the difficulty of finding a given block is higher. Hash rate is represented as hashes per second (H/s), kilohashes per second (KH/s), megahashes per second (MH/s) and terahashes per second (TH/s).
Hash rate can also be used to estimate the level of difficulty associated with mining a given cryptocurrency. For example, the higher the hash rate, the higher the difficulty associated with mining a given block. Hash rate is an important factor to consider when deciding whether or not to mine any given cryptocurrency.
For example, if a given cryptocurrency has a very high hash rate relative to its total market capitalization, it might be too difficult to make a profit when mining it by yourself. However, if it has a relatively low hash rate relative to its total market capitalization, it might be much more profitable to mine it.