#BitcoinHashRateSurge Bitcoin $BTC hash rate continues to grow at an unprecedented speed. This phenomenon leaves no one 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, let me briefly explain: hash rate —
it is a measure of computational power used to solve complex
mathematical problems in the Bitcoin network. The higher the hash rate, the safer the network, as
an attacker would require even more computational
resources for a successful attack.
Reasons:
● Increase in the number of miners: More and more people and companies are getting involved in
the mining process, attracted by potential profits.
● Emergence of new powerful ASIC miners: Manufacturers are constantly
improving mining equipment, creating increasingly efficient
devices.
● Rising price of Bitcoin: The higher the price of the coin, the more attractive mining
becomes for investors.
● Decrease in electricity costs: In some regions of the world, the cost
of electricity is becoming more affordable, reducing mining expenses.