Bitcoin’s Hash Rate Elevates to a New All-Time High; What Cause?

The leading cryptocurrency, Bitcoin (BTC) reportedly exhibited a heavy elevation in its hash rate with a 10.8% increase, indicating a new all-time high on the daily basis, and ensuring security for the bitcoin network.

Interestingly, there is a multitude of factors that contribute to the increase in bitcoin’s hash rate. Primarily, the hash rate is dependent on the computing power required by the miners to mine a block. Thus, a higher hash rate indicates the demand for a stronger mining rig, allowing the miners to mine and earn rewards.

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https://coinedition.com/bitcoins-hash-rate-elevates-to-a-new-all-time-high-what-cause/