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On the ETHhash and ETCHash protocols, there is a method where the mining software -can- send the hashrate that it is actually running at. This process is not supported on all mining software.
The value can be anything that the mining software wants to send. It could technically send 900000EH, and the pool does not verify this value.
The 'Reported' hashrate, as displayed on pools such as ethermine and 2miners, is an irrelevant value and may or may not show correctly for your rig or rental.
This does not impact mining rewards in any way. The value is used as a tool to help you diagnose issues with your physical device IF YOUR DEVICE sends it. Nothing more.
The value that matters at pools is calculated hashrate based on submitted shares. This is what determines your mining rewards, and this is what we display on your rig or rental in the MRR interface.
Two pools where this question comes up very often are 2miners and ethermine. Both show the 'Reported' hashrate along with the calculated hashrates.
At 2miners there are 2 calculated hashrate values displayed:
'Current' - this is a calculated 30 minute average, this will not be accurate until at least 30 minutes has elapsed.
'Average' - this is a calculated 6 hour average, this will not be accurate until at least 6 hours has elapsed
At ethermine there are 2 calculated hashrate values displayed:
'Current' - this is a calculated 1 hour average, this will not be accurate until at least 1 hour has elapsed.
'Average' - this is a calculated 6 hour average, this will not be accurate until at least 6 hours has elapsed
Many other pools have the same process, the time sampling for the averages will vary from pool to pool.