$BTC
Bitcoin Hash Rate Spikes: What Happened?
The cryptocurrency market is witnessing a significant spike in Bitcoin’s hash rate! Hash rate is a measure of the computing power of the Bitcoin network to process transactions and ensure security.
*Reasons for the Spike*
1. Increased computing power.
2. Investment in mining hardware.
3. Development of mining technology.
4. Increased investor interest.
5. Improved energy efficiency.
*Impact*
1. Increased network security.
2. Faster transactions.
3. Reduced price volatility.
4. Increased investor interest.
5. Increased mining competition.
*Recent Statistics*
- Hash rate: 300 EH/s (Exahash per second)
- Network capacity: 2,500 EH/s
- Mining contribution: 70% of total hash rate
*Sources*
1. CoinDesk
2. CryptoSlate
3. (link unavailable)
4. Binance Academy
