What is bitcoin hash rate?
Bitcoin Hash Rate: The Network's Pulse
Bitcoin's hash rate measures the computational power securing its blockchain. It indicates the number of calculations miners perform per second to validate transactions and mine new blocks. A higher hash rate strengthens network security, making it harder for bad actors to attack.
Several factors influence the hash rate, including Bitcoin's price, mining difficulty, energy costs, and advancements in mining hardware. Recent years have seen the hash rate soar to record highs, reflecting growing miner participation and confidence in Bitcoin's future.
Monitoring the hash rate offers valuable insights into the health, security, and activity within the Bitcoin network.
