#BitcoinHashRateSurge Bitcoin hashrate $BTC continues to grow at an unprecedented rate. This phenomenon does not leave indifferent neither investors, nor miners, nor those who are simply

interested in cryptocurrencies.

For those who are just starting their journey in the world of cryptocurrencies, I will briefly explain: hashrate is a

measure of the computing power used to solve complex

mathematical problems in the Bitcoin network. The higher the hashrate, the more secure the network, since

for a successful attack, an attacker will need even more computing

resources.

Reasons:

● Increase in the number of miners: More and more people and companies are joining the

mining process, attracted by the potential profit.

● The emergence of new powerful ASIC miners: Manufacturers are constantly

improving mining equipment, creating more and more efficient

devices. ● Rising Bitcoin Price: The higher the price of the coin, the more attractive mining becomes for investors.

● Falling Electricity Costs: In some parts of the world, the cost of electricity is becoming more affordable, which reduces mining costs.