#BitcoinHashRateSurge

Bitcoin Hashrate is defined as the Bitcoin mining difficulty of the blockchain. It measures how difficult it is to mine a Bitcoin.

Hashing Process: A hash, an alphanumeric code, is randomly generated by the hash function. Bitcoin mining, also known as 'hashing, ' involves attempting to guess this code using a computer that submits these guesses to the blockchain.

Hashrate Measurement: Bitcoin hashrate measures how many guesses are submitted per second to the entire blockchain. A higher hashrate indicates the need for more computing power, increased energy costs, and longer verification and transaction times. This results in slower and more expensive Bitcoin mining.