#BitcoinHashRateSurge Increased participation in Bitcoin mining, which impacts network security and the market.
The hashrate, also known as the hash rate, is the processing power used to mine Bitcoin and secure the network. In simple terms, it represents the number of calculations per second that miners collectively perform to issue the currency. An increase in this measure means that the network is more secure and resistant to an attack.
A rise in hashrate occurs when the number of miners increases, as this raises the competition to solve calculations and receive rewards. Therefore, this measure serves as an indicator of mining participation, in addition to being a parameter of network security.