A Bitcoin hash rate surge refers to a significant increase in the computational power used by miners to process transactions and secure the Bitcoin network. This surge typically results from more mining rigs being added or existing hardware becoming more efficient. A higher hash rate improves the network's security by making it more difficult for malicious actors to take control. It also indicates growing miner confidence in Bitcoin's profitability, especially when prices are favorable. However, a surge in hash rate can lead to higher mining difficulty, which adjusts every two weeks to ensure that Bitcoin's block production remains consistent.

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