#BitcoinHashRateSurge

What does an increase in Bitcoin's hash rate mean?

* More computing power: Indicates that more miners are joining the Bitcoin network or that existing miners are increasing their processing capacity.

* More secure network: A higher hash rate makes the Bitcoin network more resistant to attacks, as it would be more difficult for an attacker to control the majority of the computing power.

* Greater competition: An increase in the hash rate also means greater competition among miners, which can lead to a decrease in block rewards in the long term.