Top 3 reasons why Bitcoin hash rate continues to attain new all-time highs By Cointelegraph
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Top 3 reasons why Bitcoin hash rate continues to attain new all-time highsThroughout the month of October, Bitcoin’s (BTC) hash rate surged by 10.8% as it recorded new all-time highs on a daily basis. While the increase in hash rate ensures greater security for the network, multitudes of factors contribute to the metric.
Hash rate relates to the computing power required by Bitcoin miners to mine a block. As a result, a higher hash rate demands stronger mining rigs that could help miners mine a block and earn mining rewards.
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Top 3 reasons why Bitcoin hash rate continues to attain new all-time highsThroughout the month of October, Bitcoin’s (BTC) hash rate surged by 10.8% as it recorded new all-time highs on a daily basis. While the increase in hash rate ensures greater security for the network, multitudes of factors contribute to the metric.
Hash rate relates to the computing power required by Bitcoin miners to mine a block. As a result, a higher hash rate demands stronger mining rigs that could help miners mine a block and earn mining rewards.
Continue Reading on Coin Telegraph
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