#BitcoinHashRateSurge The rate of increase in cryptocurrency mining has been advancing substantially,ñ,
Which produces a high Hash rate, but what is this?
It is defined as the complexity or difficulty of mining Bitcoin on the blockchain.
The hashing process involves a hash function that randomly generates a hash, an alphanumeric code.
Bitcoin mining, known as "hashing", involves trying to guess this code through computational processes that send these guesses to the blockchain.
While the measurement of the hash rate: measures how many guesses are sent per second to the entire blockchain.
A higher hash rate indicates the imperative need for greater computing power, high energy costs, and longer verification and transaction times.
This results in slower and more expensive Bitcoin mining.
Nice morning ♥️.