#BitcoinHashRateSurge

The hashrate of Bitcoin is the computational power used to secure the network. When it increases, it means there are more miners or that they are using more powerful equipment. This makes the network more secure but also consumes more energy. The increase in hashrate is often related to the price of Bitcoin, the development of new hardware, and greater interest in the cryptocurrency. A higher hashrate indicates greater competition among miners and can influence the profitability of this activity.