$BTC Bitcoin’s hash rate has hit a record 1,000 exahashes per second (EH/s), doubling over the past 12 months.

This significant increase in hash rate indicates a more secure and resilient network, as higher computing power makes it more difficult for malicious actors to launch attacks.

However, the increased hash rate also intensifies competition among miners, potentially increasing operational costs due to higher energy consumption and the need for sophisticated hardware.

Historically, there has been a positive correlation between Bitcoin’s hash rate and its price, suggesting that a stronger network can boost investor confidence and contribute to bullish momentum.

However, increased competition among miners can lead to higher operational costs, potentially impacting their profit margins.

In short, while Bitcoin’s surge in hash rate increases network security and can signal bullish momentum, it also poses challenges for miners who face increased competition and operational costs.