#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 randomly generating 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