#BitcoinHashRateSurge Many are alarmed by the movement being made by the $BTC but it is nothing new as predictions indicate a quite noticeable upward movement.
The exponential increase in Bitcoin's hash rate in recent movements reflects a considerable rise and these entities dedicated to studying and solving complex cryptographic puzzles are behind these changes in the network.
This growth can be attributed to various factors, among which the introduction of next-generation specialized hardware, such as ASICs (Application-Specific Integrated Circuits), specifically designed for Bitcoin mining stands out. Also, the arrival of the new president of the United States.
Additionally, the optimization of mining algorithms and the proliferation of large-scale mining farms have significantly contributed to this change. It is more costly for a single actor to monopolize the computational power.