#BTCHashratePeak Refers to a historical peak or a new record in the hash rate (hashrate) of the Bitcoin network. To understand this, it is essential to know what hashrate is and what it implies for the network.
What is Bitcoin Hashrate?
Hashrate is a measure of the total computational power that miners dedicate to the Bitcoin network to process transactions and create new blocks. It is measured in hashes per second (H/s), and due to the immense quantities, units such as:
TH/s (Terahashes per second): One trillion hashes per second.
EH/s (Exahashes per second): One quintillion hashes per second.