What you need to know about Bitcoin (BTC) Hash Rate.

What you need to know about Bitcoin (BTC) Hash rate.

The introduction and discovery of Cryptocurrency to modern technology has seen or witnessed a lot of radical changes in global economic transactions.

The price of the Bitcoin (BTC) which has appeared to be a goldmine in Cryptocurrency, have reached a jetted value high of about $60,000 in recent time.

With this, the price of Bitcoin (BTC) had risen to over 1500% over the years.

It is important to state that, one may not clearly understand what Bitcoin Hash Rate entails without first knowing what Bitcoin (BTC) mining is.

In essence, one must first understand the function of Bitcoin mining before understanding the concept of Bitcoin Hash Rate.

Bitcoin Mining is a digital process which issue new Bitcoins , confirm transactions and which ensure that the Bitcoin network remains secure.

Bitcoin Mining has appeared very demanding and competitive, as it is more difficult today to mine the Bitcoin than in previous years.

This difficult and competitive nature of mining the Bitcoin is as a result of the high price value of the Bitcoin (BTC) which has increased the hash rate of mining.

To successfully mine the Bitcoin, it is trite to state that one need to have a hash rate.

The hash rate is usually measured in;

1. Megahashes per second (MH/S

2. Gigahashes per second (GH/S)

3. Terahashes per second (TH/S)

Bitcoin (BTC) hash rate play a vita role in Bitcoin Mining which is the only way to release a new crypto into circulation.

Bitcoin hash rate has become higher today because more miners are now mining the Bitcoin, which has pushed the hash rate or hash power up.