On-chain data shows the 7-day average Bitcoin mining hashrate has just witnessed a fresh surge to set a new all-time high (ATH). Bitcoin Mining Hashrate Has Observed A Sharp Rise Recently According to data from Blockchain.com, the 7-day average of the BTC mining hashrate has observed growth recently. The “mining hashrate” here refers to a metric that keeps track of the total amount of computing power that the Bitcoin miners have connected to the blockchain. The BTC network runs on a consensus system based on proof-of-work (PoW), in which the…
