Hello everyone,
Recently, the bitcoin hash rate has just doubled.
For those of you not familiar with the term “hash rate”, it is a measure of the computational power used for bitcoin mining, and therefore is a reflection of the number of calculations per second used to record transactions on the bitcoin blockchain.
This means a few things, the main ones being that bitcoin is now becoming even safer than before, as it is harder to control a meaningful amount of the bitcoin mining network, and it also shows investor confidence. Both of these reasons mean that a potential rise in the price of bitcoin aver the long term is coming.
Thanks for reading, and as always, do your own research, only invest what you can afford to lose, and stay safe.
