#BTCHashratePeak

EH/s means Exahash per second, which is the unit of measurement used to quantify computational power on the Bitcoin network. One Exahash is equivalent to a quintillion hashes (1,000,000,000,000,000,000) per second. In simple terms, it represents the amount of calculations that miners can perform to solve the mathematical problems necessary to add a new block to the blockchain.🔥🔥🔥

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Factors influencing the hashrate

Several factors, and not just one, influence the Bitcoin hashrate. The main factor is the price of Bitcoin. When the price is high, mining is more profitable, which encourages more miners to join the network and invest in more powerful equipment. In turn, this increases the hashrate. The cost of electricity is also crucial, as miners seek locations with cheap power to maximize their profits. Another determining factor is the efficiency and availability of mining hardware. The introduction of new, more efficient equipment (ASICs) leads miners to invest in them, replacing older and less profitable models. Finally, market sentiment and overall confidence in the future of Bitcoin, as seen with expectations for the upcoming halving, also drive investment in mining and, consequently, the hashrate.

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