#BitcoinHashRateSurge
🌐Bitcoin’s hashrate — the total computing power securing the Bitcoin network — hit a new all-time high on Jan. 3, surpassing 1,000 exahashes per second (EH/s), according to data from CoinWarz.
This represents nearly double the network’s hashrate from 12 months ago. According to CoinWarz, Bitcoin’s hashrate was around 510 EH/s in January 2024. At the time of this article’s publication, the hashrate had fallen back to around 780 EH/s.
The increase in the network’s hashrate indicates that Bitcoin miners are dedicating more computing resources to the blockchain, thereby improving the network’s security.
Hash rate plays a crucial role in the security and functionality of the Bitcoin network. It directly reflects how quickly miners can solve complex problems to add new blocks to the Bitcoin blockchain
How to calculate the hash?🤔
Calculating the hash is very simple. We just need to create an instance of the desired hash algorithm and then call the ComputeHash method passing the file stream for which we want to calculate the hash. All hash algorithms are located within the “System.🌐” namespace.
