#BitcoinHashRateSurge
Bitcoin's hash rate hits a record-breaking 1,000 EH/s, doubling in last few months!
Understanding Bitcoin Hash Rate
The hash rate is associated with the potential compensation of a miner or mining pool. A higher hash rate corresponds to a greater likelihood of successfully mining a block, thereby increasing the miner's chances of being compensated for processing transactions.
A high hash rate is generally considered favorable because it shows that a large number of miners are verifying transactions. It also makes the Bitcoin network more secure against attacks. However, a high hash rate also indicates more competition.
Have a safe trading..
