#BitcoinHashRateSurge Bitcoin Hash Rate Spikes: What Happened? The cryptocurrency market is witnessing a significant spike in Bitcoin’s hash rate! Hash rate is a measure of the computing power of the Bitcoin network to process transactions and ensure security. *Reasons for the Spike* 1. Increased computing power. 2. Investment in mining hardware. 3. Development of mining technology. 4. Increased investor interest. 5. Improved energy efficiency. *Impact* 1. Increased network security. 2. Faster transactions. 3. Reduced price volatility. 4. Increased investor interest. 5. Increased mining competition. *Recent Statistics* - Hash rate: 300 EH/s (Exahash per second) - Network capacity: 2,500 EH/s - Mining contribution: 70% of total hash rate *Sources* 1. CoinDesk 2. CryptoSlate 3. (link unavailable) 4. Binance Academy #BitcoinHashRateSurge