🚨$BTC continues to Grow🚨
The hash rate of Bitcoin $BTC continues to grow at an unprecedented rate. This phenomenon does not leave indifferent either investors, miners, or those who simply
are interested in cryptocurrencies.
For those who are just starting their journey in the world of cryptocurrencies, let me briefly explain: the hash rate —
this is a measure of computational power used to solve complex
mathematical problems in the Bitcoin network. The higher the hash rate, the safer the network, as
for a successful attack, an attacker will need even more computational
resources.
Reasons:
● Increase in the number of miners: More and more people and companies are getting involved in
the mining process, attracted by potential profits.
● Emergence of new powerful ASIC miners: Manufacturers are constantly
improving mining equipment, creating increasingly efficient
devices.
● Rise in the price of Bitcoin: The higher the coin's price, the more attractive mining
becomes for investors.
● Decrease in electricity costs: In some regions of the world, the cost of
electricity is becoming more affordable, which reduces mining expenses.
