#BitcoinHashRateSurge
Explanation;
Mining hash rate is a key security metric. The more hashing (computing) power on the network, the greater its security and overall resistance to attacks. While Bitcoin's exact hash power is unknown, it can be estimated from the number of blocks being mined and the current block difficulty.
Notes:
Daily numbers (raw values) can periodically increase or decrease as a result of the randomness of block discovery: even with a constant hash power, the number of blocks mined can vary within a day. Our analysts have found that looking at a 7-day average is a better representation of the underlying power.
Methodology:
Each Bitcoin node $BTC builds its own version of the mempool by connecting to the Bitcoin network. The contents of the mempool are aggregated from a few instances of up-to-date Bitcoin nodes maintained by the Blockchain.com engineering team; This way, we gather as much information as possible to provide accurate mempool metrics.