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?
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possible duplicate: http://bitcoin.stackexchange.com/questions/5299/what-is-the-correct-algorithm-to-calculate-worker-pool-hashrate – Aurigae Jun 07 '13 at 18:40
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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.
